We had a chat with the man everyone loves to hate, Ada Assessor Bob McQuade, about the tax assessment notices set to go out over the weekend.
He tells the GUARDIAN that overall values are nearly flat–a .5% increase. There were actually 44,000 residential properties showing a DECREASE in value, but 100,000 with an increase of some sort.
McQuade noted 1,300 homes showed INCREASES in value of more than 20% and 8,000 parcels remained unchanged.
What this means to all of us isn’t really much. Cities, Ada county, schools, the Highway District and about 60 other districts from library to mosquitos LEVY against the VALUE.
In short, they set their budgets each year and can only raise the budget by a max of 3%.
If the property value goes down, the levy percentage will increase.
The silver lining in the dark tax cloud is the Homeowners Exemption have gone up. This year it is 50% of the assessed value of both land and improvements up to a max of $100,938 that is tax free.
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