US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 7
                             PROPERTY TAX RELIEF
    63-704.  AMOUNT OF PROPERTY TAX REDUCTION. (1) Each claimant qualifying
for and applying for a reduction in property taxes under the provisions of
sections 63-701 through 63-710, Idaho Code, shall be allowed a reduction in
property taxes on his homestead for the current year only, in the amounts
provided by subsection (4) of this section.
    (2)  All property taxes continue to be the responsibility of the
individual taxpayer, and all property taxes continue to be perpetual liens
against the property against which assessed, and all property taxes may be
collected and enforced in the usual manner, if the taxpayer does not receive
any property tax reduction as provided under sections 63-701 through 63-710,
Idaho Code, or if the taxpayer receives less property tax reduction than the
whole amount of property taxes he is charged with.
    (3)  The claimant property owner's property tax reduction shall be based
upon the current year's assessed value and the current year's levy.
    (4)  Property tax reductions qualified under sections 63-701 through
63-710, Idaho Code, shall be allowed as set out in section 2, chapter 59, laws
of 1992, and adjusted for cost-of-living fluctuations as provided in section
63-705, Idaho Code.