Boise (670 KBOI News) – Ada County property tax assessments are in the mail, and you might want to be sitting down when you open yours.
Assessor Bob McQuade says property values are up about 12% this year, and while that doesn’t mean assessments are up that much, many taxpayers could see about a 5% increase.
But he says that’s to be expected, with the hot housing market we have.
“Properties will be listed in the morning, and after two or three offers and counter-offers, the home will be sold at the end of the day,” said McQuade. “I think people are aware of that. But the magnitude of the increase, that might catch some people off guard. It’s about a 12% increase across the Valley, and the highest we’ve had in many, many years.”
He says the notice you’ll be receiving in a few days is not a bill…that taxes aren’t due until December. If you disagree with your assessment, there are instructions in the notice of how to dispute it.
