Friday, May 30, 2014
If you find the value too low, then keep quiet and hope for the best again next year. If you feel the value is too high, then file a protest with the Assessor. The process is pretty straight forward once your file your protest. An appraiser from the Assessor's office will contact you and try to discuss how they arrived at the value. You, for your part need to come up with documentation that the appraisal is not correct with comparable values on like property. If the value is out of line, generally the appraiser will lower the value. If you have nothing to support your claim then the value stands.
City and County budgets can rise by 3% each year and they can go back and claim foregone increases for a specified number of years spelled out in the Idaho Code. They also get all the new construction tax base and that does not figure into the magic 3% increases.
The time limit for protesting property tax assessed values is the fourth Monday in June. This is the 23rd for the exact date this year.
Don' forget about how urban renewal is impacting your property taxes.. between Nampa and Caldwell that is a number in excess of $10 million that has to be made up with higher taxes for everyone outside the UR District boundaries.
Posted by Paul Alldredge at 2:05 PM