Our neighborhood-by-neighborhood breakdown of Boise-area property-tax assessments
This story was updated on June 7, 2021, from the version first published May 9, 2021 under the headline, “Here’s how much Boise-area property-tax assessments just rose in your neighborhood.”
Ada County homeowners, your annual property tax assessments have been mailed. Assessor Robert McQuade says this year’s assessments reflect one of the highest property value increases on record.
Among the neighborhoods to see the highest median increases are Southwest Boise, Northeast Meridian, Eagle and Star. A map from McQuade shows that those areas have received median property value increases of over 27%.
All neighborhoods in the county received at least a median 22% increase. The lowest median increase is in North Boise at 22.5%.
The median increase of property valuations in the county is 25%, McQuade said.
Values rose amid high demand even as the number of homes sold last year rose, McQuade told the Boise City Council on May 18. He said Ada County had 13,500 home sales last year. The largest number he recalled having seen previously was 11,500.
“In a year when the economy was facing some real strong headwinds, and we had the pandemic we were trying to deal with, that is just an amazing number in light of those conditions,” McQuade said.
McQuade said low interest rates and the large influx of people moving into Ada County with cash to put on new homes contribute to the increases.
“People are selling their homes in California or Washington or Oregon or Utah, they are walking away with significant amounts of cash, and they are getting into bidding wars as houses go in the market,” McQuade said.
Tax increases likely will be lower
An increase in assessed values does not directly correlate to an increase in property taxes. McQuade said residents should not expect a 25% increase in their taxes.
“Typically there is an increase in taxes, but it is not the same increase in assessments,” McQuade said.
Residential homeowners share more of the tax burden in Boise than commercial property owners do. According to Eric Bilimoria, budget manager for the city of Boise, over the last five years, residential property owners’ share of the tax burden rose at a faster rate than commercial property owners.’
“The average home within the city is increasingly subject to property tax increases due to the diminishing value of the homeowner’s exemption,” Bilimoria told the council.
The Idaho Legislature in May increased amount of a home value’s exemption from taxation to $125,000, from $100,000 previously, but Bilimoria said the exemption should be $150,000 to keep up with prices.
“We are going to continue to see the burden shift, due to the diminishing value of homeowner’s exemption and increasing assessed value,” he said.
How property taxes work in Idaho
McQuade reminded homeowners that the assessment notices mailed each spring are not tax bills.
Assessments are based on home values as of Jan. 1. Local-government budgets will be set late this summer. Counties will set levy rates on the third Monday of September, according to the Ada County Assessor’s Office website. On the fourth Monday of October, the Idaho Tax Commission reviews and approves the levy rate. On the fourth Monday of November, tax bills will be mailed to property owners.
Here are the 17 Ada County zones used by the assessor, their median assessments for this year and the past seven years, and the percentage increase each year:
100. North Boise
2021 $541,600, +22.5%
2020 $436,415, +6.3%
2019: $410,550, +18.3%
2018: $342,450, +10.4%
2017: $305,800, +8.6%
2016: $276,100, +13.3%
2015: $243,700, +7.4%
2014: $227,000, +11.5%
200. Northeast Boise
2021: $602,200, 24.3%
2020: $496,264, +2.8%
2019: $482,700, +13.1%
2018: $426,900, +11.9%
2017: $381,300, +8.8%
2016: $347,350, +11.7%
2015: $311,100, +6.8%
2014: $291,300, +10.8%
300. Southeast Boise
2021: $409,800, +26.4%
2020: $322,338, +5.7%
2019: $305,100, +14.8%
2018: $266,300, +14%
2017: $233,800, +10%
2016: $211,400, +8.5%
2015: $194,800, +10.9%
2014: $175,700, +12.3%
400. Boise Bench
2021: $324,500, +25.1%
2020: $257,670, +9.7%
2019: $234,800, +20.3%
2018: $194,100, +12.8%
2017: $170,700, +9.7%
2016: $155,700, +7.2%
2015: $145,250, +10.04%
2014: $132,000, +16.5%
500. Southwest Boise
2021: $405,200, +27.6%
2020: $320,312, +6.3%
2019: $301,300, +16.7%
2018: $240,500, +10.6%
2017: $233,450, +8.7%
2016: $214,500, +5.1%
2015: $192,200, +4.4%
2014: $184,100, +16.2%
550. Southwest Boise/Meridian
2021: $387,100, +25.7%
2020: $298,804, +4.8%
2019: $285,200, +18.3%
2018: $257,650, +10%
2017: $215,000, +8%
2016: $198,800, +9.3%
2015: $189,200, +4.7%
2014: $180,800, +12.9%
600. West Boise
2021: $326,700, +25.6%
2020: $258,778, +7.1%
2019: $241,600, +18.7%
2018: $203,400, +13%
2017: $179,800, +9.5%
2016: $164,600, -7.9%
2015: $178,300, +6.3%
2014: $167,700, +15.2%
650. West Boise/Garden City
2021: $360,200, +26.4%
2020: $286,779, +5.6%
2019: $271,700, +16.7%
2018: $230,700, +11.6%
2017: $204,400, +7.3%
2016: $189,700, +6.4%
2015: $150,300, +6.3%
2014: $141,350, +17.5%
700. Garden City
2021: $329,100, +22.7%
2020: $257,125, +8.8%
2019: 236,350, +19.1%
2018: $190,200, +12.5%
2017: $169,500, +10.8%
2016: $144,800, +6%
2015: $136,600, +13.2%
2014: $120,700, +18.9%
800. Northwest Boise
2021: $408,400, +25%
2020: $315,597, +5.7%
2019: $298,550, +17.4%
2018: $253,100, +11.5%
2017: $219,200, +7.5%
2016: $200,000, +9.6%
2015: $182,400, +5.4%
2014: $173,100, +15%
900. Eagle
2021: $634,600, +27%
2020: $490,945, +5.1%
2019: $467,300, +12.3%
2018: $418,800, +9.8%
2017: $379,800, +6.6%
2016: $353,500, +7.3%
2015: $329,300, +5.1%
2014: $313,400, +13.2%
950. Star
2021: $449,600, +27.2%
2020: $340,898, +4.3%
2019: $327,000, +16.8%
2018: $276,000, +12.1%
2017: $243,500, +7%
2016: $225,200, +10%
2015: $204,800, +7.5%
2014: $190,500, +16.8%
1000. Southeast Meridian
2021: $449,400, +26.9%
2020: $351,672, + 3,2%
2019: $340,900, +13.1%
2018: $301,200, +12%
2017: $266,100, +6.3%
2016: $247,800, +5.8%
2015: $234,200, +2.5%
2014: $228,600, +12.9%
1010. Southwest Meridian
2021: $492,050, +26%
2020: $397,197, +6.6%
2019: $372,500, +15.7%
2018: $322,100, +9.4%
2017: $294,300, +6.8%
2016: $274,900, +33.6%
2015: $205,700, +4.8%
2014: $196,300, +12.5%
1020. Northeast Meridian
2021: $392,800, +27.2%
2020: $307,375, +3.3%
2019: $297,700, +16.2%
2018: $254,200, +10.9%
2017: $229,100, +7.2
2016: $211,200, +7.2%
2015: $197,100, +7.2%
2014: $183,800, +11.1
1030. Northwest Meridian
2021: $383,800, +26.7%
2020: $297,996, +5.6%
2019: $282,300, +14.4%
2018: $243,350, +10.3%
2017: $218,900, +7.8%
2016: $201,050, +5.2%
2015: $191,200, +6.9%
2014: $178,800, +15.4%
1100. Kuna
2021: $341,800, +25.5%
2020: $263,636, +7.3%
2019: $245,700, +17.8%
2018: $205,800, +11.6%
2017: $183,500, +8.7%
2016: $166,500, +7.9%
2015: $154,300, +6.3%
2014: $145,100, +18.9
This story was originally published May 26, 2021 at 4:00 AM.
