Property Valuation (Assessment)
Notices being mailed
By
Mellisa Stewart,
2010 Property Valuation
(Assessment) Notices are being mailed out to
Remember that the Assessor does not
establish the market; it is the buyers and sellers who determine the market.
Values are not increased in order to generate more revenue, but to provide
equity across
The changes in your assessed
value are a result of either physical inspections or sales analysis throughout
the county, to bring values in line with
reported market sales. The
Assessor’s office is holding values as low as possible based on
Pierce residential or
commercial properties will have no market changes, but residential land will
decrease about 10 percent in value.
Weippe residential
properties will see no market changes in residential or commercial values.
Manufactured homes will see
some changes due to updated cost schedules. Some of the Rural Subdivisions
will see an increase in land values. The Rural Areas will see changes in
values due to reappraisals and updated cost schedules.
Timber designated land will
see about a 10-15 percent decrease for Category 6, depending on the land class
and no change for Category 7. After 12 years, a study was done in 2009 on
Agriculture land using cash rents and the USDA soils study, resulting in some
substantial changes across the county for crop and grazing land. This is based
on a five year average affecting values for 2009 through 2014.
When values increase, you
could see an increase or decrease in your actual taxes depending on the total
values in your taxing district, but generally the tax will not change by the
same percentage as your values change. This is due to levy limits on individual
taxing districts, and the three percent cap on the total amount of property
taxes collected in the entire county from one year to the next. Another factor
that will affect your tax is the decrease in the homeowner exemption from
$104,471 to $101,153 this year, due to a decrease in the Idaho Housing Index.
The personnel in the
Assessor’s office will gladly assist in reconciling any concerns you may have,
but if you are still dissatisfied with your value, you may appeal it to the
Board of Equalization. Appeals must be filed by June 28 on a form obtained from
the
If you are unhappy with