Home Owners Exemption Applications Due April 15th.
Did You Purchase a Primary Residence in 2007?
Idaho offers a tax exemption for your primary residence. In order to benefit from the tax break in the current year, your application for the Idaho Home Owners exemption must be filed before April 15th.
This Tax Break Is No Small Potatoes
The exemption is applied to the property improvements and up to one acre of land. The schedule of exemptions is as follow.
2007 - 50% of the value of your home and up to one acre of land with a maximum exemption of $89,325.
2008 and 2009 - percentage reduction is unchanged (50%), but the exemption maximum will raise to $100,938.
Did You Purchase Land With A Septic Permit in 2007?
Did you know that a septic permit is issued for one year? Septic permits must be renewed each year until the septic system is installed and has received final inspection approval. The Central District Health Department will send a reminder notice when the renewal period approaches.
CDHD sends a renewal notice to the last known address of the permit applicant.
If you purchased property with an existing permit and failed to notify CDHD of the transfer of ownership, you will not receive a renewal notice. There is not grace period and there are no exceptions. Failure to renew puts you back at the beginning of the line. You start the process over. The current application fee is $413.00.
The requirements for septic permits are very dynamic. An application granted a year ago, could be denied tomorrow.
Check with CDHD to verify your permit status.
or
Click here to contact me for assistance.
Related Articles:
Comments(0)