Property taxes in Idaho (Boise, Clark Fork: new home, purchase, school district)

[Mntngoat]

Can anyone give me the lowdown on prop taxes is it per county or is there a state wide tax? Any areas lower than others ?

ML

[zed42]

Property tax is by county. We live in Canyon County on an acre of land, last year our assessed value was $105,000 and we paid $800 in property tax. However this year our assessed value has gone to $133,000 so I expect our tax bill to increase.

[Piney Woodsman]

So property is assessed annually, as it is in Oregon?

[zed42]

Originally Posted by Piney Woodsman

So property is assessed annually, as it is in Oregon?

Yes

[T M H]

Originally Posted by Piney Woodsman

So property is assessed annually, as it is in Oregon?

Yes.

[Mntngoat]

That's sounds better than CA our 60 year old 1440 SF home on an 8,000SF lot property tax is about $7500/ year

[Clark Fork Fantast]

(Whispering: CA Prop 13...)
.

[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:

1. Ada County
2. Emergency Medical
3. Ada County Highway District
4. School District No 2 (West Ada School District)
5. Boise City
6. Mosquito Abatement
7. 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.

[Lv2fish]

Originally Posted by Clark Fork Fantast

(Whispering: CA Prop 13...)
.

29 years in our house in the hills, and our property taxes are $3700. Thank God for CA's Prop 13. With property values skyrocketing in Idaho, I can see people getting taxed out of their homes.

Perhaps we have something (tax increase caps) Idahoans would welcome?

[Teufelshund20]

Originally Posted by Lv2fish

29 years in our house in the hills, and our property taxes are $3700. Thank God for CA's Prop 13. With property values skyrocketing in Idaho, I can see people getting taxed out of their homes.

Perhaps we have something (tax increase caps) Idahoans would welcome?

The Democrats are trying their hardest to overturn Prop 13. If they,get 2/3 majority vote, goodbye to prop 13.