Boise Idaho Property Tax Guideline for 2016
Posted 06-04-2016 at 04:42 PM by IdahoBroker
Quote:
Originally Posted by IdahoBroker
Even within the county and city level, tax rates vary. For example, last time I checked, Ada County (Boise area) had 38 separate tax levy's that might impact a property. Therefore, what I do is look at an individual property tax levy code per address and then factor in the potential purchase price and deduct out potential home owner's exemptions to come up with my estimates for new owners.
For example, my personal residence is only subject to 7 of the potential levy items:
When you add all of those up for my home, you get a total levy of 0.016037766 which would be multiplied by the assessed value of the home.
Then, if you plan on living in a home as an owner occupant (verses using it as a rental), you would deduct up to half the value of the home up to a maximum of $94,745.
On a brand new home, they only tax the land for the full year, then from the date of occupancy, they start collecting an "occupancy tax" for the reminder of the first calendar year. After that, the two are combined into a single annual bill.
For example, my personal residence is only subject to 7 of the potential levy items:
- Ada County
- Emergency Medical
- Ada County Highway District
- School District No 2 (West Ada School District)
- Boise City
- Mosquito Abatement
- College of Western Idaho
When you add all of those up for my home, you get a total levy of 0.016037766 which would be multiplied by the assessed value of the home.
Then, if you plan on living in a home as an owner occupant (verses using it as a rental), you would deduct up to half the value of the home up to a maximum of $94,745.
On a brand new home, they only tax the land for the full year, then from the date of occupancy, they start collecting an "occupancy tax" for the reminder of the first calendar year. After that, the two are combined into a single annual bill.
Hope this helps!
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