PROPERTY TAX RELIEF – Amends existing law to provide for property tax relief.

Idaho's H 304 amends laws to directly reduce property taxes for homeowners by revising how school district facilities funds are distributed. It requires school districts to use funds from the School District Facilities Fund (Section 33-911) to offset property tax levies that would otherwise be collected, meaning homeowners pay less tax for school-related expenses. The bill also mandates specific annual transfers from the Tax Relief Fund (Section 57-811), including $50 million to a homeowner property tax relief account, $39 million to public defense, and $50 million to school facilities. This law, effective March 26, 2025, directly affects Idaho property taxpayers and school districts by altering how school funding and tax relief are structured.