Idaho Property Taxes, Property Tax Appeals
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Idaho Property Tax Appeals
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Idaho Home buyers want to know how much to offer for a house, sellers want to know how much to list a house for. Those seeking a property tax appeal want to know the market value of comparable homes in order to make adjustments to their home's worth. Variations in age, size, condition of the home, and other differences in amenities plus other factors weigh in on the overall market value of a home.
Idaho real estate agents can offer a CMA (Comparable Market Analysis) for houses in the area. This is a ball park figure. A more definitive figure is arrived at by obtaining an appraisal. A Home Market Value Appraisal gives a definitive value for the specific time frame in which the analysis was conducted. Prices range upward to $350.00 depending on the region in which you live.
Doing your own Home Market Value Appraisal is not rocket science. Investigating and doing it yourself will save you money and also give you an edge in negotiating. We suggest checking into the two options listed above (1) and (2).
If you desire to challenge your house property taxes and want to go the professional route, be prepared to open your wallet wide. Besides the appraisal fee, the appraiser will have to charge for a day's time at the municipal review. If you decide on hiring a professional mouthpiece, the attorney will not guarantee the result. You could lose the case and easily lose over a grand in the process. Again, we suggest checking into the two options listed above (1) and (2).
House Property Tax Value Reduction (Circuit Breaker)
If you are a qualified Idaho homeowner, you may be eligible for the 2005 Property Tax Reduction program. This program may reduce property taxes on your home and up to one acre of land by as much as $1,200. The Idaho State Tax Commission administers the Property Tax Reduction program but application is made through the county assessors office (Chapter 7 of Idaho Code). Guidelines and filing procedures are outlined in the 2005 Idaho Property Tax Reduction Program brochure. http://www.tax.idaho.gov/propertytax/propertytax.htm
| Idaho Home Value Demographics | Idaho | USA |
Housing units, 2002 |
552,117 | 119,302,132 |
| Idaho Homeownership rate, 2000 |
72.4% | 66.2% |
| Housing units in multi-unit structures, percent, 2000 | 14.4% | 26.4% |
| Median value of owner-occupied housing units, 2000 | $106,300 | $119,600 |
| Idaho Households, 2000 | 469,645 | 105,480,101 |
| Persons per household, 2000 | 2.69 | 2.59 |
| Median household income, 1999 | $37,572 | $41,994 |
| Per capita money income, 1999 | $17,841 | $21,587 |
| Persons below poverty, percent, 1999 | 11.8% | 12.4% |
US Census Bureau
Idaho House Value, Home Appraisal Market Value, Property Tax Appeal Comparable Sales Information
(Statisics compiled from Bureau of Economic Analysis, an agency of the U.S. Department of Commerce)
The population of Idaho in 2003 was 1,367,034. Its rank was 39th in the nation. (The District of Columbia is included for ranking purposes.)
PER CAPITA PERSONAL INCOME
In 2003 Idaho had a per capita personal income (PCPI) of $25,902. This PCPI ranked 45th in the United States and was 82 percent of the national average, $31,472. The 2003 PCPI reflected an increase of 1.2 percent from 2002. The 2002-2003 national change was 2.2 percent. In 1993 the PCPI of Idaho was $18,103 and ranked 39th in the United States. The 1993-2003 average annual growth rate of PCPI was 3.6 percent. The average annual growth rate for the nation was 4.0 percent.
TOTAL PERSONAL INCOME
In 2003 Idaho had a total personal income (TPI) of $35,409,068. This TPI ranked 42nd in the United States. In 1993 the TPI of Idaho was $20,072,506 and ranked 43rd in the United States. The 2003 TPI reflected an increase of 3.0 percent from 2002. The 2002-2003 national change was 3.2 percent. The 1993-2003 average annual growth rate of TPI was 5.8 percent. The average annual growth rate for the nation was 5.1 percent.
Regions of Idaho: Rocky Mountains | Columbia River Plateau | Inland Empire | Basin and Range Province
Boise metropolitan area | Idaho Panhandle | Magic Valley
Largest Cities: Blackfoot | Boise | Burley | Caldwell | Chubbuck | Coeur D'Alene | Eagle | Garden City | Hayden | Idaho Falls | Lewiston | Meridian | Moscow | Mountain Home | Nampa | Pocatello | Post Falls | Rexburg | Twin Falls
Counties: Ada | Adams | Bannock | Bear Lake | Benewah | Bingham | Blaine | Boise | Bonner | Bonneville | Boundary | Butte | Camas | Canyon | Caribou | Cassia | Clark | Clearwater | Custer | Elmore | Franklin | Fremont | Gem | Gooding | Idaho | Jefferson | Jerome | Kootenai | Latah | Lemhi | Lewis | Lincoln | Madison | Minidoka | Nez Perce | Oneida | Owyhee | Payette | Power | Shoshone | Teton | Twin Falls | Valley | Washington
Brady Blasts Governor's Position On Property Taxes January 12, 2006
Democratic candidate for governor Jerry Brady is blasting Governor Kempthorne's position on property taxes. "I think the governor was really gutless when it came to property taxes, he said leave it to the cities and counties,” said democratic gubernatorial candidate Jerry Brady. “He's got a greater responsibility to address that. Homeowners are paying too much property tax and that's gotta change. There needs to be some reform of the property tax system to take some of the burden off the homeowners and I'm in favor of that." For complete story click Idaho Property Taxes
Idaho Property Taxes, Property Tax Appeals
Property Taxes, House Values Directory For State Home Values
Idaho Property Taxes, Home Values, Property Tax Appeals, Current Market Value, Comparable House Sales Information, Tax Roll Information, Property History and Valuation Information