ID S1074

Homeowners with at least one child aged 5-18 who is not enrolled in public school, public charter school, or receiving state education assistance would be exempt from all property tax levies authorized under Title 33 (education/school levies), beginning in 2025

Qualifying children must be either enrolled in private school or privately instructed by their parent or guardian; households with any children aged 5-18 who do not meet these criteria are disqualified from the exemption

The existing homestead exemption remains unchanged: the lesser of $125,000 or 50% of market value for assessment purposes is exempt from property taxation

The bill includes an emergency clause making it effective immediately upon passage and retroactive to January 1, 2025

Technical amendments update code references in sections 63-301A and 63-3077 to reflect the new subsection numbering created by adding the school levy exemption