Example of Boise County Property Tax Calculation
Boise County Property Tax calculations are based on the assessed value of the property in question. For example, if a house is assessed at $200,000, the Property Tax rate is 2%, and there are no exemptions, the Property Tax calculation would be as follows:
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Multiply the assessed value ($200,000) by the tax rate (2%): $200,000 x 0.02 = $4,000
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The resulting $4,000 would be the amount of Property Tax owed for the year.
It's important to note that exemptions, such as those for senior citizens or veterans, can lower the Property Tax amount owed. Additionally, Property Tax rates can vary depending on the location within Boise County.
Overall, understanding Boise County Property Tax calculations can help property owners budget effectively and plan for their annual Property Tax payments.
If you want appeal your property tax assessment - contact your local tax assessor.
Boise County Property Tax Rates
Here's a formatted table showing the current property tax rates for Boise County, Idaho in US Dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Operating | $0.465 |
| School District | $2.678 |
| State Foundation | $1.17 |
| Total | $4.313 |
Please note that these rates are subject to change, and may vary based on specific factors related to each property. As a tax advisor, it's important to stay up-to-date on any updates or changes to these rates to ensure accurate financial planning and reporting for your clients.
Who sets property tax rates in Boise County ?
Who Sets Property Tax Rates in Boise County?
Property tax rates in Boise County, Idaho, are set by various entities, including:
| Entity | Role |
|---|---|
| Boise County Board of Commissioners | Oversees the budget, determines property values, and sets the property tax rate for the county government |
| City councils or mayors | Sets the property tax rate for city services, such as police and fire departments, and other local programs |
| School boards | Determines the property tax rate for school district operations, including the costs of maintaining schools, paying staff, and buying supplies |
| Idaho State Legislature | Sets the maximum property tax rate that any jurisdiction in the state can levy |
When Are Property Tax Rates Set in Boise County?
Property tax rates in Boise County are set annually. The property values, budgets, and tax rates are typically determined in the fall, and property owners receive their tax bills in December. Property owners have until the middle of the following year to pay the taxes or arrange a payment plan. If the taxes are not paid, the property may be subject to a tax lien sale or foreclosure.
Homestead exemptions in Boise County ?
To help homeowners in Boise County, Idaho get a clear understanding of the exemptions and deductions available to them, a table with the following columns has been created:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
Below are the specific exemptions and deductions available in Boise County:
Property Tax Exemptions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead | Any homeowner who occupies their primary residence | Up to $100,000 of the assessed value of the property | This exemption applies to the primary residence and up to one acre of land |
| Circuit Breaker | Homeowners over 65 or those with disabilities | Varies based on income and other factors, up to $1,320 | This exemption limits the amount of property tax a homeowner must pay based on their income and other factors |
Additional Deductions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homeowner's Exemption | Any homeowner who occupies their primary residence | Up to $100,000 of the assessed value of the property | This deduction lowers the taxable value of the primary residence |
| Veteran's Deduction | Military veterans or their widows/widowers | Up to $1,320 | This deduction applies to the assessed value of the property and can be applied in addition to other exemptions |
These exemptions and deductions are specific to Boise County and may change over time. Homeowners should check with the county assessor's office for the most up-to-date information and eligibility requirements.
Overall, these exemptions and deductions make it easier for homeowners in Boise County to manage their property taxes and maintain their primary residence.
When is Boise County Property Tax due ?
Boise County Property Tax is typically due on December 20th every year. Boise County sends out the tax bills by the end of November.
Payment methods for Boise County Property Tax include:
- Online Payment: Boise County provides an online payment option through their website, where taxpayers can pay using their credit/debit cards or e-checks. A convenience fee may apply for using this method.
- In-Person Payment: The Boise County Courthouse accepts in-person payments during regular business hours. Accepted payment methods include cash, check, or money order.
- Mail Payment: Taxpayers can mail their payments to the address provided on the tax bill. Payments made by check or money order should be made out to "Boise County Treasurer."
It is important to note that late payments will incur a penalty of 2% per month or $25, whichever is greater. Therefore, it is recommended that taxpayers pay their property tax on or before the due date to avoid any penalty.
If you have more questions - contact your local tax collector.
How is Boise County Property Tax penalty calculated ?
Boise County calculates the property tax penalty based on a percentage of the unpaid taxes. The penalty is added on the first day of each month that the tax remains unpaid. Here's an example:
Let's say John owns a property in Boise County and the total property tax due is $1,000 for the year. John misses the deadline to pay the taxes on November 10, 2021. The penalty for November will be calculated as 2% of the unpaid tax amount ($1,000), which is $20.
If John still hasn't paid by December 1, 2021, the penalty for December will be calculated as 4% of the unpaid tax amount ($1,000 + $20), which is $40. The penalty will continue to increase each month that the tax remains unpaid.
To avoid penalty fees, it's important to pay property taxes on time. Boise County offers several payment options, including online payments, mail-in payments, and in-person payments at the Boise County Courthouse. For more information on Boise County's property tax penalty and payment options, visit their website or contact their Tax Collector's office.
We recommend contacting the Boise County Tax Office or a local tax professional for the most up-to-date and accurate information.