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Idaho homeowners will see new property tax relief after Gov. Brad Little signs House Bill 304, cutting $100 million in taxes annually. The law directs $50 million annually toward a fund that reduces property taxes for primary residences, with relief amounts based on home values.
Expected homeowner savings: Around $400 annually on a $400,000 home
Additional $50 million allocated for public school facility improvements
Budget Concerns & Federal Funding Uncertainty
Gov. Little has cautioned against aggressive tax cuts, citing concerns over potential reductions in federal funding under President Donald Trump’s administration. Idaho relies on federal funds for nearly 40% of its $13.8B budget, making drastic tax cuts a potential risk.
However, lawmakers overwhelmingly supported the bill, with both the House and Senate passing it unanimously, despite warnings about long-term budget stability.
Idaho’s Historic Tax Cuts Continue
This property tax relief follows:
✅ $253 million income tax cut (largest in state history)
✅ $50 million grocery tax credit expansion
While Idaho continues its historic tax-cutting trend, officials stress the need for budgetary caution to ensure financial stability amid federal funding uncertainties.
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