House Targets Homeowner Exemption

The House has voted to remove the indexing of the homeowner’s exemption from property taxes, instead setting it at a fixed maximum level of $90,000 or 50 percent of home value, whichever is less. In 2006, the Legislature raised the exemption from its previous cap of $50,000 to $75,000 and indexed the maximum amount to the Idaho Housing Index, so it would go up and down with the market. Since then, the exemption has risen to a high of more than $104,000 in 2009, and dropped back down to $81,000 in 2012/ Betsy Russell , Eye on Boise. More here.

Question: Do you agree with House decision to remove the indexing of the homeowner’s exemption from property taxes?