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Are you familiar with homeowners' exemptions? If not, you could be missing out on an opportunity to save on your taxes!

As everyone knows, April 15 is tax day - but fewer people know that April 14th is the day homeowners' exemptions must be filed by! Also, if you're going to claim a property as owner-occupied, that home has to be occupied by the 14th. 

You don't want to miss out on a homeowners' exemption because it allows you to exempt a portion of the value of your home from being taxed. The simple formula is this: they will exempt half the assessed value of your home up to a maximum of $89,000. The maximum value of the exemption changes from year to year, and could greatly affect the amount of property taxes you pay on your home.

If you've purchased a home over the past year, it's very important to have your homeowners' exemption filed before April 15th - otherwise, your taxes may rise significantly! In our next video, we'll cover how the exemption is formulated. In the meantime, go check and make sure you have filed your exemption! If you want to check, you can contact the Bonneville County assessor's office and they'll fill you in.

If you have any questions about this topic, don't hesitate to give us a call or shoot us an email. We would love to help you save on your taxes!

How we helped Juliet find a home by putting the customer’s needs first

"Mike figured out very quickly that the housing market wasn’t giving us what we wanted, so he found a builder that we could work with. I was really pleased to see that Mike was willing to put his customer’s preferences and desires ahead of making a commission off an existing house. That was above and beyond."

How we helped Jerry with his real estate transactions by always being professional

 
"I've used Mike on four different real estate deals. I found him to be very knowledgeable and very professional. He got the job done. He categorized what my wife and I wanted to look at, and didn't waste a lot of time showing us stuff that wouldn't fit the bill. He was selective about what he showed us, and I appreciated that."

Will Rising Rates in Idaho Falls Affect Your Home Value?

The Idaho Falls real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the Idaho Falls click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at 208.227.5320.

I've recently returned from Orlando, where I attended a national Keller Williams conference. There were 11,000 people at this great event that proved to be an incredible opportunity to get better educated on the real estate industry. 

Gary Keller gave an incredible presentation in which he spoke of something we at the Hicks Realty Group have been talking about for some time. He provided some illuminating information about interest rates. He said that the Federal Reserve wants to raise interest rates because it's the mechanism they use to control the economy. The Federal Reserve has been near 0% for quite some time now, and they're anxious to raise those rates. 

In his speech, Keller predicted that rates will indeed rise in the second half of 2015, before settling somewhere around 5.5%. This rise, he said, will greatly affect the demand for houses across the nation, so this is obviously something we all need to keep an eye on. 

Right now, the Idaho Falls market is doing quite well - demand is still high and we are short of inventory. In fact, at the end of January, we only had 530 homes on the market! 

If you are looking to buy property, now is the time to act. With rates expected to rise in the near future, we are currently at the end of some of the best conditions we will see in a long time. Give us a call or shoot us an email if you would like to discuss your options - we would love to help!

Thanks, and have a wonderful day!