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The median Ada County household will see a property tax savings of $526, meaning half of households will see more and half less. In 2023 the median house in Ada County was assessed at nearly $405,000.
Garden City saw a 2.5% median increase in residential property values, the lowest in Ada County. On the other end of the spectrum, property values rose over 7% in Star.
The county reviews tax exemptions each year and granted Shakespeare an exemption this year, as it has every year. A great horned owl perches in a tree in William Shakespeare Park, on the grounds ...
The remainder is taxed at the normal rate. A home valued at $150,000 would then be taxed on only $100,000 and a home valued at $75,000 would then be taxed on only $25,000. The exemption is generally intended to turn the property tax into a progressive tax. In some places, the exemption is paid for with a local or state (or equivalent unit ...
The amendment caps the increase of the assessed value of a home with a homestead exemption to the lesser of 3% or the rate of inflation. This means that if an owner had a homestead exemption on a home valued at $100,000 in 1995, and the exemption was still valid in 2005, the most the home could be assessed at is approximately $126,000 .
The Ada County Board of Commissioners is a county legislative council with jurisdiction over Ada County, Idaho. The board consists of three elected commissioners who serve four-year terms. The board is responsible for managing the county's land usage and public services.