Pocatello Property Taxes

Stack of 20-dollar billsAsk any Pocatellan how much are you paying in property taxes, and you're bound to hear a chuckling too much!

Like most of Idaho, Bannock County has a reputation for property taxes that are too high, but the citizens are good natured about it. Perhaps they understand that high quality of life comes at a price they are willing to pay. Hey, when rush hour means it takes 15 minutes to get home instead of the regular 12 minutes, you know you are somewhere special.

2010 Homeowners Exemption

Homeowners have reason to rejoice. Through the Homeowners Tax Exemption program, tax payers who use their home as their primary residence qualify for a tax reduction by filing with the Bannock County Assessors office. The taxable portion of the assessed value of the property is reduced by the lesser of $101,153 or 50 percent of the combined value of the home and land up to one acre.

For example, a home on a quarter-acre lot with a county appraised value of $250,000 would be taxed at the rate of a $148,847 property. According to the 2005 tax levies, a tax payer living in the City of Pocatello could expect the following savings on the example property:

Annual taxes without exemption$5,932.45
Annual taxes with exemption$3,532.11
Savings$2,400.34

2010 Property Tax Reduction Program

Qualifiers of the Idaho Property Tax Reduction Program (Circuit Breaker) may have their taxes reduced by as much as $1,320. Candidates may qualify if they:

  1. Owned and lived in a home or mobile home in Idaho that was their primary residence before April 15, 2010. (Residents at a care facility or nursing home may qualify—ask assessor for details.)
  2. Had income of $28,000 or less for 2009.
  3. Met one or more of the following status requirements as of January 1, 2010:
    • Age 65 or older
    • Widow(er)
    • Blind
    • Fatherless or motherless child under 18 years of age
    • Former prisoner of war/hostage
    • Veteran with a 10% or more service-connected disability or receiving a pension from Veteran's Affairs (VA) for a nonservice-connected disability
    • Disabled as recognized by the Social Security Administration, Railroad Retirement Board, or Federal Civil Service

For application materials and additional information, please contact the Bannock County Assessor's office at (208) 236-7260.