NID real estate taxes? (Sandpoint, Hope: flat fee, 2013, renter)

[countryboy73]

I have a few questions about real estate taxes in NID. We are planning a move to either Bonner or Boundary county later this year, and I am compiling info in pursuit of that goal.

1. What is the usual assessment per $100,000 of assessed value on non-ag residential property?

2. How much of a break does it gain one to own a ten acre agricultural property, on a percentage basis?

3. How does the $81,000 exemption work?

Thanks for any clarity on these questions, I cannot seem to find a set assessment rate on either of the county assessors' webpages.

[AK76]

Easy to find the answers with google; Bonner County, Idaho Information :: http://co.bonner.id.us/

Boundary Conty Assessor

[countryboy73]

Originally Posted by AK76

Easy to find the answers with google; Bonner County, Idaho Information :: http://co.bonner.id.us/

Boundary Conty Assessor

The sites you link to are the same sites I referenced in the OP, and do not answer the questions I posed, with the possible exception of the $81000 exemption.

[chevpu1967]

I had wondered about the property taxes also. In the housing/land listings that show past property taxes, a $70,000 house has $1300 a year in taxes and a $160,000 has $600 a year in property taxes. I haven't found any rhyme or reason for it yet. It's almost like reading my electric bill, the cheaper my bill, the higher per kwh I pay. It boggles my simple mind. Oh well, off to go fishing.

[AK76]

Originally Posted by countryboy73

The sites you link to are the same sites I referenced in the OP, and do not answer the questions I posed, with the possible exception of the $81000 exemption.

Well, I did not explore the websites until your last post. Evidently they are all but worthless and to some degree malfunctioning/incomplete. In other words, garbage.

Offering goog;e a different command I came up with this: Bonner County, Idaho Information :: http://co.bonner.id.us/ and Bonner County, Idaho Information :: http://co.bonner.id.us/ , on the right margin there is a link to a spread with a current table for the tax levy, perhaps, with the sample and the levy you can calculate the answer. Here: Sandpoint and Bonner County Idaho Information and Statistics about 2/3s down the list is an average rate. And, finally this: http://tax.idaho.gov/reports/EPB00703_01-15-2013.pdf , page 8.

[flatlander dave]

I was surprised how high taxes are in NID. I did explore before we moved but was unaware of other taxes added. Library, trash, school bonds, school levy's, ambulance tax, fire tax, transmitter tax, re forestation tax, and more. I was also very surprised that non property owners can vote on tax issues. That is, when school levy's come up for a vote, a renter can vote yes to raise my taxes. Many states only allow property owners to vote on those issues. Also, Idaho is a little backwards in there taxing for ambulance. The tax is based on assessed value. To me that makes no sense. My house is worth more than my neighbors so I pay more for ambulance service. I would think that it should be a flat fee like trash. How do they put a value on life, by your assessed home value? I'm actually bringing this up to my state reps to see if this and school levy issues can be changed. The 81k exemption works only if the property is your year round residence. If its a second home you won't get the exemption.

[Sandpointian]

Dave,

Say your house has an assumed market value of $250K.

Then say your county assessment comes in at $180K. Yes, by law it should be market value, but there seems to be a lag effect and the large % of lower priced houses does drag down assessed v. market), so $180K assessed on a $250K market house would not be unheard of.

If you live in the house and have filed the proper paperwork with the County (important!!!), you can apply the $81K homeowner's exemption.

This brings down your taxable assessed value to $99K.

Once there, the rate is about 1.25%.

Thus your annual property tax is $1237.50

A couple of thoughts...

1.25% neither excites nor depresses...but...it is on the higher side of what is tolerable (for example, 0.5% in a favorite place of ours in Massachusetts).

The lag between assessed and market is something I am grateful for. Very.

The homeowners exemption cuts both ways. While living in our home, I am glad. When I have had to live overseas, the lack of that exemption is a tax that is not appreciated.

Hope that helps.

S.