Homeowners Exemption

 

 

 

 

 

 

 

 

 

 

 

 

When buying a home for the first time you most likely want to save money any chance you get. It can seem like an overwhelming and never ending drain on your bank account. When you finally close on your new home you probably won’t want to even think about any more paperwork or transactions, but a quick trip to the County Assessor’s office to file a homeowner’s exemption will save you so much money each year in property tax. 

 

What is it ?  

An exemption that reduces the taxable value of your home up to a maximum of $100,000 in value.  

 

Why do I need it?  

By reducing the taxable value of your home, your taxes are much LESS and you SAVE!  If you have a mortgage, this savings will likely reduce your total monthly mortgage payment. 

Who Qualifies?  

If you live in your home at least 6 months out of the year as your primary residence, you qualify!  

 

When do I need to file?  

You must file by the 15th of April in 2018! 

 

Where do I file?

The county assessors office for the county in which you reside.

 

Remember:  Idaho is a non-disclosure state and this means that you do not have to share the value of your home with the county when you apply (what you paid for it)   

 

If you are not sure about your home owner exemption status,  give us a call and we would be happy to help you!  We are here to help!

 

TEAM TINDALL

JohnAndTracey.com

JohnTindall@Windermere.com

TraceyTindall@Windermere.com

J: 208.818.2456

T: 208.818.2365

 

 

 

 

 

 

 

 

Posted on January 18, 2018 at 7:16 pm
John and Tracey Tindall | Category: Costs and Spending, First Time Home Buyer, Helpful Tips | Tagged , , , , ,

What documents to keep and what to toss?

Tax time again and a mound of documents and not sure what to do with it all?

Hopefully you made it through another tax season and found all of your documents needed to file your return.  Now, what documents do you need to keep and which ones should you toss?   Here’s a little guideline which will help you with clearing out the old paperwork, but not throwing away anything that you might need later.

What to keep and what to toss?

 

John and Tracey
Keeping it Real…Estate

John and Tracey Tindall

208-818-2365 or 2456

www.johnandtracey.com

johntindall@windermere.com

traceytindall@windermere.com

Posted on April 18, 2017 at 6:13 pm
John and Tracey Tindall | Category: Helpful Tips | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,