Legislators are hoping for some changes to last year’s property tax reform bill after hearing back from local governments and constituents.
This week, two separate bills were introduced with the aim of allowing more Idaohans back onto the circuit breaker program, which provides property tax relief for elderly, disabled and low-income homeowners out of the state general fund. Sen. Regina Bayer, R-Meridian, and Rep. Charlie Sheperd, R-Pollard, both introduced legislation in their respective tax committees to increase the value of homes residents can own to qualify for the circuit breaker program.
Legislators introduced both pieces of legislation and they will come up for a hearing and a vote in the coming days.
Two bills, similar ideas
This program got a shakeup during the 2021 legislative session when House Bill 389 made several changes to the property tax system. One of the compromises legislators made was to increase the maximum circuit breaker benefit from $1,320 to $1,500, but the program would instead require a means test to block anyone who lived in a home valued more than 125% of the median price in their county from participating.