Ada County assessed home values, up 8.1%, surpass 2008’s prerecession peak

Here come property assessments

Notices on the value of your property will be in the mail this weekend. Ada County Assessor Bob McQuade talks about some misunderstandings people have about assessments.
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Notices on the value of your property will be in the mail this weekend. Ada County Assessor Bob McQuade talks about some misunderstandings people have about assessments.

Nine years after the Great Recession sapped residential property values in Ada County, they’re back.

Ada County’s median residential assessed value — meaning half are below and half are above — is $223,100. That’s the highest since 2008, when the median was $211,000.

Overall residential property assessed values in Ada County rose 8.1 percent, according to County Assessor Bob McQuade, about the same percentage increase as in 2016. Notices of assessment go in the mail Friday and should get to homeowners in the next few days.

The greatest percentage increases this year are in Garden City (10.8 percent) and Southeast Boise (10 percent).

The highest median assessment was in Northeast Boise, at $381,300, followed by Eagle at $379,800 and North Boise at $305,800. The lowest median is in Kuna, at $183,500. Kuna is experiencing a surge in growth partly because of its low home prices.

Assessments this year rose between 6.3 percent in southeast Meridian and Garden City’s 10.8 percent.

Assessed values are the estimate of what the assessor says the property was worth on Jan. 1, 2017, based on 2016 sales, McQuade said. Those assessments are the values on which owners’ property taxes will be calculated later this year.

Assessors can’t point to a single reason why Garden City and Southeast Boise are atop the increase in assessments. Generally, across the county, increases are affected by high demand for lower-cost housing — particularly those under $250,000 — and rising land value in central Boise because of limited supply, said Tim Tallman, chief deputy assessor.

The Ada County Assessor’s Office expects a deluge of calls after notices land in resident mailboxes this weekend. Last year the office received about 2,000, Tallman said.

Some property owners have questions and others are critical of their assessment. In some cases, assessments are adjusted; in other cases, residents go all the way to the Ada County Commission to argue their case for a lower assessment, McQuade said.

Reading your assessment

When your 2017 notice arrives, look it over carefully. Here’s a quick guide:

1. It’s not a bill. The notice is informing you on the assessed value of your property. You will get a bill in late fall that details what you owe.

2. At the top of the page is your parcel number, and the phone number and email address of the county employee responsible for your assessment. If you have questions, that’s a good place to start. Just below those numbers is the date by which you must file an appeal.

3. In the middle of the page is the assessed value. It is broken into land and residential improvements. The two added together are your total.

4. The next line is important. It’s the homeowners exemption, an amount equal to 50 percent of your home’s assessed value up to $100,000 that is taken off your total assessed value to arrive at the taxable value. Often in news stories, we will report that a bond or levy will cost taxpayers a certain amount of money for every $100,000 of taxable value. That means the amount on which you pay property taxes, after the exemption, not the full market value of your home.

5. Below the assessed value are five bars that show the history of your home’s market value and the amount of property tax paid each year.

6. The last entry is information on taxing districts in which you live. Those are the governmental entities, such as school districts, cities or the county, that get your tax money. Ada County has nearly 40 taxing districts. Some of the broadest are Ada County, the Boise or West Ada school districts, the city of Boise and the College of Western Idaho. Others don’t reach as many people, such as the Western Ada Recreation District, the Star Cemetery District or the Kuna Fire Department. In the fall, when you get your tax bill, you will see a levy and the actual charges you pay to each district.

Bill Roberts

Appealing your assessment

County assessors are required by state law to assess the value of all taxable property every year. In Ada County, physical inspections are conducted at least once every five years. In other years, the assessor determines values by analyzing construction costs and reviewing sales data from private-sector sources.

If you think your assessed value is higher than what your property would sell for on the open market, you may appeal. Appeal forms are available online, at the Ada County Assessor’s Office, 190 W. Front St., Suite 107, or from the Ada County Commission’s Office, 200 W. Front St., 3rd Floor.

Property value assessment appeals must be filed by 5 p.m. June 26. For information, call the Ada County Assessor’s Office at 287-7200.

Median assessments in Ada County

2017 prop assessmnts (2)
This map shows median property assessments and increases across Ada County by zones listed below. Figures provided by Ada County

1. North Boise

2017: $305,800, +8.6%

2016: $276,100, +13.3%

2. Northeast Boise

2017: $381,300, +8.8%

2016: $347,350, +11.7%

3. Southeast Boise

2017: $233,800, +10%

2016: $211,400, +8.5%

4. Boise Bench

2017: $170,700, +9.7%

2016: $155,700, +7.2%

5. South Boise

2017: $233,450, +8.7%

2016: $214,500, +5.1%

6. Southwest Boise

2017: $215,000, +8%

2016: $198,800, +9.3%

7. West Boise

2017: $179,800, +9.5%

2016: $164,600, +9.5%

8. West Boise//Garden City

2017: $204,400, 7.3 %

2016: $189,700, +6.4%

9. Garden City

2017: $169,500, +10.8%

2016: $144,800, +6%

10. Northwest Boise

2017: $219,200, +7.5%

2016: $200,000, +9.6%

11. Eagle

2017: $379,800, +6.6%

2016: $353,500, +7.3%

12. Star

2017: $243,500, +7%

2016: $225,200, +10%

13. Southeast Meridian

2017: $266,100, +6.3%

2016: $247,800, +5.8%

14. Southwest Meridian

2017: $294,300, +6.8%

2016: $274,900, +33.6%

15. Northeast Meridian

2017: $229,100, +7.2

2016: $211,200, +7.2%

16. Northwest Meridian

2017: $218,900, +7.8%

2016: $201,050, +5.2%

17. Kuna

2017: $183,500, +8.7%

2016: $166,500, +7.9%

Median assessed residential value in Ada County since 2006

2017: $223,100

2016: $204,300

2015: $189,700

2014: $177,600

2013: $154,100

2012: $137,900

2011: $140,200

2010: $158,700

2009: $185,600

2008: $211,600

2007: $209,600

2006: $176,700