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Idaho Tax Commission presents assessment process, relief totals and long‑standing homeowner programs
Summary
Kathleen Ireland of the Idaho State Tax Commission summarized how property assessments and levy calculations work, reported 2024 statewide assessed value totals, and outlined tax‑relief measures from House Bills 292 and 521 and long‑standing programs such as the circuit breaker, disabled veterans credit and tax deferral.
Kathleen Ireland, a property‑tax policy research specialist with the Idaho State Tax Commission, gave the committee an overview of Idaho’s property‑tax system, assessment practices, recent assessed‑value trends and the totals for recent tax‑relief measures.
Ireland said statute requires all taxable property be assessed annually with a lien date of Jan. 1 and that county assessors operate on a five‑year reappraisal cycle so that at least 20% of parcels are physically inspected each year and the remainder are indexed or trended. "Assessors are on a 5 year reappraisal cycle," she said; "statute requires that every parcel ... needs to be at 100% of market value."
Ireland reported total statewide assessed value for 2024 at about $363,000,000,000, up from…
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