If assessed home values drop, will property your taxes do the same?
You should be receiving your new "Property Valuation Notices" in the mail very soon.
I know that everyone is hoping their tax assessed value will be reduced on these valuations. Unfortunately, whether your home value goes up or down, your property taxes won't necessarily follow suit.
"Taxes are not tied directly to home values, despite what a lot of people think," said Alan Dornfest, property tax policy supervisor for the Idaho State Tax Commission.
According to him, "Your Taxes are based on the budgets of taxing districts." and "If cities, counties, and other taxing districts budget the same amount from property tax from one year to the next, but property values go down, the levy rate goes up automatically to compensate."
For most taxing districts, budgets aren't set until August or early September, so final property tax amounts won't be certain until then.
Dornfest said property values are determined by county assessors as of January 1 of each year, so whatever happens to the real estate market later in the year has no impact until the following year's assessment. While property values have plummeted in some parts of Idaho during 2009, Dornfest said, they've actually risen in others.
The Tax Commission oversees Idaho's property tax system, which is administered by the counties. For more information on property assessments and taxes, visit the Property Tax section of the Tax Commission's Web site at tax.idaho.gov.
Please contact me with any of your Real Estate / Relocation / Referral needs:
Pam Jank, Realtor, GRI, CRS, ABR, RRS, PPS
Previews Property Specialist
Your North Idaho Real Estate Pro
FREE MLS Listings Search at:
Web: Coeur d'Alene Idaho Homes for Sale
email to:pamjank@hotmail.com
Phone: 208-661-2282
Fax: 208-772-628 Toll Free: 800-829-2555 EXT.1275
COLDWELL BANKER SCHNEIDMILLER REALTY
435 W. Hanley Avenue
Coeur d'Alene, ID 838315
Pam Jank
Do you want a Rancher (one-level home), Rancher with a Basement (one-level home with basement), Rancher with a daylight walk-out basement (1-or more walls are not in earth), Rancher with a Bonus room above the garage, Rancher with a bonus room above garage and a basement or daylight basement?
Do you want a Split-Entry home? A split entry is where you enter the Entry of the home on the main-level and then have to go up or down a full flight of stairs to go to the living areas. Upstairs are usually a Living Room, Dining Room, Kitchen, bath and bedroom(s). Down stairs are usually a family room laundry room, bath and additional bedroom(s). The down stairs is ½ submerged into the ground (windows start at ground level and go up about 2-1/2+ft).
Here are the Floor Plans in the order of Least to Most expensive to build 2000 sq. ft.
Now you have decided that even ½ flights of stairs are more than you want to deal with on a daily basis getting to and from the living areas you use on a daily basis. That would take you to another price level up to Rancher with a Basement (1000 sq. ft. on the main level and 1000 sq. ft. in the basement). Most of your daily living needs would be on the main level. Living room, dining room, kitchen, bath, your bedroom. The basement would have your Family room, hobby room, guest room, bath room and possibly a laundry room unless you want it upstairs. (Add more money for a daylight walk-out basement).
The 18-hole "Avondale" course at the Avondale Golf & Tennis Club facility in Hayden Lake, Idaho features 6,573 yards of golf from the longest tees for a par of 74 . The course rating is 77.8 and it has a slope rating of 142 on Blue grass. Designed by Melvin Hueston, the Avondale golf course opened in 1968. 
Coeur d'Alene ID - Weather Forecast and Time
NEW COLDWELL BANKER ‘ON LOCATION' YOUTUBE CHANNEL FIRST IN INDUSTRY TO FULLY TAP POWER OF VIDEO FOR REAL ESTATE SEARCH AND INSIGHTS
