- David Martin, CC by 2.0
Ada County homeowners will get a clearer idea of the worth of their real estate this coming week, as new assessments are due to land in the mailboxes of nearly 190,000 property owners.
Officials are quick to point out that the notice is not a bill. Rather, it's the assessed value of the property if it had been sold on the open market Jan.1, 2016. Additionally, officials said the value changes don't necessarily mean tax changes. The assessor's office doesn't establish property tax laws, collect property taxes or set any budget or even the levy rates.
Actual tax bills won't arrive until October, when dozens of taxing districts within Ada County set their levies.
A year ago, Ada County officials reported residential property values had increased 6.8 percent, the third consecutive annual increase. Of particular note was the dramatic increase in new residential and commercial construction.
Property owners with questions (and there's bound to be quite a few) are encouraged to visit adacounty.id.gov/assessor, which features a property tax calculator used to determine estimated taxes. Those with more questions are encouraged to call 208-287-7200. That's where property owners can also sign up to receive their assessment notices electronically.