If you own your home, and it is your primary residence, you qualify for the Homeowner's exemption. This gives you an exemption of 50% of your assessed value up to $125,000. For example: If your home and property are assessed at $250,000 and you qualify for the exemption, you will only be taxed on $125,000.
To be your primary residence, you must live in the home fore more than 6 months of the year and have no other Homeowner's exemptions in the state of Idaho,