How is property assessed in Idaho?
Each year all taxable property must be assessed at 100% of current market value less statutory exemptions. The county assessor must estimate how much a typical buyer would pay for the property on Jan. 1. To do this the assessor generally uses sales prices from properties in the county to develop guidelines for the assessment of each property. The assessor considers the features that influence what a buyer would pay for property. Some of these features are size, location, quality, age, and condition. For an example of the calculation of taxes, see question PTOT – 5. Contact us if you need more information.
