You qualify for property tax deferral if you meet the following requirements:

1. Owned and lived in a home or mobile home in Idaho that was your primary residence before April 15, 2024, and it:
   • Does not have a reverse mortgage or home equity line of credit.
2. Met one or more of the following status requirements as of January 1, 2024:
   • Age 65 or older
   • Widow(er)
   • Blind
   • Fatherless or motherless child under 18 years of age
   • Former prisoner of war/hostage
   • Veteran with a 10% or more service-connected disability or receiving a pension from Veteran’s Affairs (VA) for a non-service-connected disability
   • Disabled as recognized by the Social Security Administration, Railroad Retirement Board, or Federal Civil Service. If you’re not covered by the listed agencies, then disabled as recognized by a public employee retirement system.
3. Had combined income of $58,304 or less for 2023.

When you complete your application, include income reported to you and your spouse in 2023.

You must include:
• Wages
• Interest and dividends
• Capital gains
• Business, farm, and rental net income
• Social Security and Supplemental Security income
• Railroad retirement
• Unemployment/workers comp
• Pensions, annuities, and IRAs*
• Military retirement benefits
• Department of Health and Welfare payments (including Aid for Dependent Children and housing assistance)
• Child support and alimony
• “Loss of earnings” compensation
• Disability income from all sources**
• Gambling winnings

*Excluding the return of principal paid by the recipient of an annuity and excluding rollovers as provided in
section 402 and 403 of the Internal Revenue Code.
**Excluding compensation received from the VA by a veteran who has a 40-100% service-connected disability or dependency and indemnity compensation or death benefits paid by Veterans Affairs arising from
a service-connected death or disability.

When you complete your application, you may deduct the following expenses you or your spouse paid in 2023:

• Medical/dental and related expenses not reimbursed by insurance or other reimbursements*
• Medical insurance premiums*
• Payment or prepayment of funeral expenses
• Farm, rental, and/or business losses (You must submit a copy of the appropriate federal schedule.)
• Early withdrawal penalties
• Alimony paid

*Qualified medical expenses are defined in section 213(d) of the Internal Revenue Code.

1. Complete the application. If you need help completing the application, the assessor’s staff will assist you. You must apply for your 2024 property tax deferral between January 1 and September 3, 2024. You and your spouse must sign the application, and these signatures must be notarized.
2. Attach the following to your application:
   • A copy of the recorded deed, title, or contract for purchase of this property, including a legal description.
   • A copy of your application for property tax reduction for the current year.
   • A statement of the current assessed value for the eligible portion of the property. (You can get this from your county assessor.)
   • A copy of your fire and casualty insurance policy.
   You must apply and qualify each year to receive a property tax deferral. Property tax deferrals are not renewed automatically.

If approved, your property tax deferral will be applied to your December 2024 tax bill.

Deferred property taxes and interest become a lien on your property.

You must repay the amount of the deferral and interest if:
• The property, or any part of it, is sold or the title is transferred.
• The qualified claimant, or the last surviving claimant, dies.
• The property no longer qualifies for the Homeowner’s Exemption.
• The Idaho State Tax Commission determines that the property tax deferral was granted to a person who isn’t a qualified claimant or was granted for property that doesn’t qualify.

Your fire and casualty insurance policy must show the Tax Commission as a loss payee, and you must provide the Tax Commission with a copy of this policy.