Idaho Property Tax for
If you are a homeowner, you may have some questions
about the way our property is assessed. The assessed value of your home
helps to determine how much tax you pay. All assessments should be accurate
so that all taxpayers pay their fair share of the total property tax. The following questions
are the most frequently asked questions about property assessment and taxes.
How is Property Assessed?
Idaho law requires that all taxable property be
assessed at market value each year. To do this, the county assessor develops
valuation guidelines based on the sales prices and some of the features of
homes that have recently sold. Some of the features that often influence
what a buyer would pay for your home and land include size, quality, age,
condition and location. The county assessor
uses this information to estimate how much a buyer might reasonably pay for
your home if it were to sell on January 1st of the assessment
How Often Are Property
The value of your property may change each year
depending on real estate market changes. An appraiser from the
county assessor’s office is required to visit your property at least once in
each five-year period. During the other four years, the county assessor will
use information from property sales and/or from the inspections of other
properties to estimate the current market value for your property.
How Can My Property Be Assessed On Improvements When I Haven't Made Any?The term “improvements,” as used in property
assessment, does not refer just to remodeling, renovating or upgrading.
“Improvements” are buildings (your house, garage, manufactured home, etc.),
paving, or other structures that add value to land, regardless of when they
What Makes Property Real
Real property consists of land and the improvements
that are attached to it. Personal property normally is not attached to the
land; it is generally mobile and does not last as long as real property. A
copy machine is an example of personal property. Personal property that
is used by the owner in his private home is not subject to property tax. An
example is household furnishings. If the same property is used in a business
activity whether in a private home or elsewhere, it is subject to property
tax. Properly registered
vehicles, including recreational vehicles, are not subject to property tax.
How Do I Know What Value The Assessor Has Estimated For My Property?
The value for your property is shown on your
assessment notice. The county assessor usually mails this notice to you by
the first Monday in June. If you do not receive this notice, contact the
What If I Disagree With The Value The Assessor Estimated For My Property?
Your county assessor maintains a file of information
on your property. If you have questions about your assessment, you should
contact your county assessor to review the accuracy of the records. You may
appeal the valuation to the Board of Equalization for the county in which
the property is located. This board consists of the county commissioners.
Most appeals must be filed with your county clerk by the fourth Monday in
June. Properties assessed at other times of the year have different appeal
dates. Property values
maintained by our county assessor are public records. You may also ask to
review the value of other properties in that county. Be prepared to document
your reasons for requesting a change in your property’s assessed value. You
must prove that the assessor’s value is not the current market value of the
How Is My Property Tax
The amount of tax is determined from the budget needs
of the taxing districts. There are many kinds of taxing districts in Idaho.
Some, like cities and counties, levy taxes to provide a wide range of
services. Others levy taxes for specific purposes like highways, schools, or
fire protection. Officials for each
taxing district determine the annual budget needed to provide services for
the district. The approved budget is divided by the total taxable value of
all properties within the district. The result is the
district’s tax rate. This rate, multiplied by the taxable value of your
property, determines the amount of taxes you owe to the district. Every property is
located within several independent-taxing districts. This means your
property tax bill includes taxes for all the districts in which you live.
This combination of taxing districts is known as a “tax code area.” Each of
these areas is assigned a number which appears on your assessment notice and
tax bill. Within each tax code area, the total tax rate is generally the
same for all properties. The taxable value of
your property determines how much tax you pay in relation to other
properties. Assessments must be accurate for all taxpayers to pay their fair
share of the total property taxes.
When Will I Get My Property
Tax Bill?You should usually receive your tax bill by the end
of November. Contact your county treasurer if you have questions about your
How Can My Taxes Go Up If My Property's Taxable Value Does Not Increase?Tax rates may be affected by a variety of factors. Rates may increase due
to a taxing district’s emergency needs or voter-approved bonds and override
levies. Total tax rates may increase due to the creation of new taxing
district that includes your property. As an example, business
has declined and slowed for local industry or agriculture, a county’s
economy may suffer and affected property values may go down. However, your
taxes may be higher since taxing districts still need to pay for basic
What Is The Average Property
Tax Rate?In 1998, the average urban property tax rate was
l.69%.This compares to 2.01%
for the 1993. The average rural rate was 1.8%, which compares to1.4% for
Are There Limits On
Property Tax Increases?Yes, there are limits on property tax increases.
First of all, most taxing districts have limits on the tax rates they may
charge. Second, districts other than schools are limited to annual increases
of 3% plus an allowance for growth on a portion of their budgets. The growth
allowance is determined on the basis of new construction and annexation that
occurred during the previous year.
Why do I Pay Higher
Taxes Than My Neighbor?You may live in a different taxing district than your
neighbor. Also, your property may appear similar to your neighbor’s at first
glance, but there may be enough differences in land size, square footage of
homes, quality or condition of land that will result in value differences
between properties. Also, your neighbor may
be eligible for some form of property tax reduction for which you either did
not qualify or did not apply.
Is Any Tax Relief
Available To Homeowners? Yes, Idaho has a homeowner’s exemption for
owner-occupied homes, including manufactured homes, which are primary
dwellings. This exempts 50% or $50,000, whichever is less, of the value of
your home (excluding the land value). Taxes are computed on the remaining
value. You may also receive the homeowner’s exemption if you are paying
occupancy taxes. Applications are
available from your county assessor’s office. When an application is
approved, the exemption is permanent as long as you own and occupy the
property. If the property is sold, the new owner must file a new
application. There are no income or age restrictions, but you can quality
for an exemption on only one home at a time. You must own and occupy your
home on January 1 of the tax year and must apply for an exemption by April
15th.You may also qualify
for a property tax reduction if you meet the income requirements and fit one
of the following categories:
Applications may be
obtained from your county assessor and must be filed each year between
January 1st and April 15th.
Age 65 or older, Widow (er)
Fatherless or Motherless Minor
Qualifying Disabled Persons
What Is An Occupancy Tax?If you purchase and move into a newly constructed home, that no
one has ever lived in and move into it after January 1st, you
will pay the occupancy tax instead of property taxes for the
portion of the year you live there. You must notify your county
assessor on or before the date you move into your new home.