BOISE, Idaho — Property tax bills are hitting Idahoans' mailboxes this week; and the governor's office said taxpayers may see significant reductions in their year-over-year taxes as a result of a tax relief bill headed by Governor Brad Little and Idaho Legislature.
Per the news release from the governor's office, the average reduction in property taxes for Idaho homeowners is roughly 18%. The average reduction in property taxes for all property taxpayers, including commercial, is around 14%.
"Idaho already has the third lowest property taxes in the country, and we took steps this year to lower them further. Idaho has delivered more tax relief per capita than any other state, and we're proud to turn money back to the hardworking people of our state while making critical investments in schools and infrastructure to keep up with growth," Governor Little said.
In the January 2023 State of the State and Budget Address, Governor Little announced the budget would include tax relief for Idahoans. Little and legislators got together and delivered $314 million in property tax relief in the first year, as part of House Bill 292.
"There is no doubt Idaho's tremendous pace of growth is putting a strain on services at the local level, which increases the potential to drive up your local property taxes. But too often, we are simply shifting burdens across taxpayers when we should be addressing the needs head-on," Governor Little said in his speech.
"Let us work on better ways to facilitate growth paying for growth and give local governments the tools they need to keep taxes low," Little continued. "How? By continuing to make long-range strategic investments in schools, roads, water, and other key areas to maintain our high quality of life."
The State provided a spreadsheet showing the breakdown by county for the $314 million and is available at this link.
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