Explain property taxes (home, buy, calculated)

[bman15470]

Let say I buy 100 acre bare land parcel in Washington county for $200K to start a small cattle operation and I spend another $100K to build my primary residence on this parcel. How are the taxes calculated or what would be the approx yearly total for this cow operation with on site residence?

[Toyman at Jewel Lake]

OK, take this with a large grain of salt, but I'll pass on what I think I know.

Idaho offers tax exemptions (heavy reductions) on the value of agricultral lands. If you have 100 acres, 1 acre would be considered the building lot and taxed at a "prevailing" rate. The balance would be taxed at a much lower rate per acre, provided you filed for the ag exemption. Sorry I can't tell you the exact rate. On the house, Idaho offers a $75k homeowner's exemption, so take that much off the top of the home value. In your example you'd pay taxes on $25k of the value of the structure.

The other thing that will get wierd is that Idaho has a tax on personal property (tools, tractors, etc) used for the business. I'm just trying to figure out how that works.

[shades_of_idaho]

WOH PLEASE DM Private message me or email through City Data I will be watching for it. about this 100 acres you are interested in. Can not say more here but this could be very important to you. I am living in Washington county . I also have all the rates for this area. Shades

[shades_of_idaho]

oops posted twice sorry bman I did send you private message. Chris