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It's the time of year we all look forward to: long days, barbeques, and assessment notices. If you're a property owner, you should have received your 2025 assessment notice or it will arrive very soon.
Here's what you should expect to find when you receive your notice:
Some property values are rising—specifically for homes and commercial buildings. But don’t panic: a higher assessed value doesn’t automatically mean higher property taxes. Final tax amounts depend on local budgets and levy rates, which are set later this year.
What’s going on?
Real estate prices in the area continue to rise, and Idaho law requires assessed values to stay close to market value. The state checks counties every year to make sure our assessed values fall between 90% and 110% of actual market value.
As Assessor Anita Hymas said, "It’s important that people understand not just what’s happening with property values, but why it’s happening." Here's an explanation about why your value may have increased this year.
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