Short history of homeowners exemption

An interesting little bit of history in relation to the bill this session to remove the inflation indexing from Idaho’s homeowner’s exemption: Idaho first got the homeowner’s exemption in 1982 by voter initiative. At that time, it exempted 50 percent of the value of the home, not including land, up to a maximum of $50,000; it wasn’t just for owner-occupied homes, and also covered rentals and second homes. The initiative passed with 56.5 percent in support and 43.5 percent opposed, after years of outcry over a property tax burden that was fast shifting onto residential property and away from all other types of property/ Betsy Russell , Eye on Boise. More here .