Property taxes are due for Idaho homeowners on December 20th

Idaho State Capitol building on January 11, 2023. (Otto Kitsinger for Idaho Capital Sun)

The deadline for Idaho homeowners to pay their property taxes is December 20th.

Under Idaho law, property taxes can be paid in full or in half. If paid in half, the first half of the property tax is due by December 20th, and a grace period is extended to June 20th to pay the second half without interest or penalties if the first half is paid in full.

According to the Ada County Treasurer’s Office, if the first half of the property tax is not paid in full by Dec. 20, late payment interest and late payment interest will be assessed on the balance due.

For many homeowners with a mortgage, property taxes are automatically paid off through regular mortgage payments. If homeowners are unsure about how their property taxes will be paid, they can call their mortgage lender or local tax office.

County treasurers are required to mail property tax notices by the fourth Monday in November, so many Idaho homeowners will receive their property tax notices this week.

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Idaho’s House Bill 292 provides a tax credit for property taxes

The Idaho Legislature reduced property taxes through House Bill 292, which lawmakers passed during the 2023 legislative session. Under the law, homeowners who received the homeowner’s exemption by the July deadline will automatically receive a credit on their property tax bill, labeled as Homeowner Property Tax Relief. House Bill 292 would use a surplus in the state budget to reduce property taxes through a so-called surplus eliminater.

Idaho’s Luma system failed to collect $14.5 million that was supposed to be used for additional property tax cuts

But as state officials began reconciling the books for fiscal year 2024 in July, reporting and reconciliation problems with the state’s extensive IT, human resources, finance, procurement and business systems delayed Luma, the state from bringing in additional revenue Amount to be determined is $14.5 million The deadline for using that money to reduce property taxes is this year, the Idaho Capital Sun previously reported. As a result, the state allocated only $76 million in excess funds to property tax cuts this year — not the roughly $91 million that should have been used for tax cuts.

Because of the missed deadline, the $14.5 million will be added to a possible budget surplus next year, state budget officials said.

In Ada County, homeowners can pay their property taxes at the Ada County Courthouse, 200 W. Front St., by mail, online at adacounty.id.gov/treasurer or by phone at 844-471-7324. Fees apply for credit and debit card transactions online and over the telephone.
Homeowners in other Idaho counties should contact their local treasurer’s office to confirm payment options.

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