PTR (Circuit Breaker) REMINDER:
A circuit breaker exemption is a tax relief program that limits the property tax on real property valued at a certain amount, usually less than five million dollars. It applies a 20% taxable value cap to help low- and middle-income families avoid an unreasonable tax burden.
If you are eligible for Property Tax Reduction (circuit breaker) and/or disabled Veteran’s benefits this year, please remember to get your application in soon – they are due April 15th.Call or stop by our new location at 6447 Railroad St, Ste A.
You can also find more information, and even file online at:
Property Tax Reduction | Idaho State Tax Commission
https://boundarycounty.us/profile/assessors-office
What is a Circuit Breaker exemption?
If someone is interested in learning more about this program, please contact the Assessor’s Office. 208-267-3301
There are multiple eligibility requirements. More details can also be found here: https://tax.idaho.gov/…/property/homeowners/reduction/…
(The definition given on this article did not come from the Assessor’s Office and may not be applicable to the Idaho circuit breaker program.)
The tax reduction is based on the value of your home and up to one acre of land. This value is also capped at 200% of the median assessed value in your County.
Your total 2024 income, after deducting medical expenses, was $37,810 or less.
You were 65 or older, blind, widowed, disabled, a former POW or hostage, or a motherless or fatherless child under 18 years old.
You owned and lived in a home in Idaho that was your primary residence before April 15, 2025.
The property must have a current homeowner’s exemption.
The home can be a mobile home.