REVENUE AND TAXATION
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.