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Real Estate Investor Blog
Boise area real estate and rental management blog
Boise Assessed Property Values Continue to Rise

The 2022 property tax assessments will be headed out to all Ada County (Boise, Meridian, Kuna, Eagle, and Star) real estate owners soon and as real estaate values have continued to increase and so will your assessments.

 

For investment properties we expect to see an increase in assess value by about 30%. The assessors have seen an approximately 20% increase in rents and cap rates right around 5%. Remember this is always calculated as of January 1st, because we have seen those cap rates continue to be compressed since then.

 

Single family homes will see increases in the 30-35% range and this is for all areas of town. Of course there are always going to be outliers in there, so yours may be a little higher or lower than these numbers. The biggest increases are going to be in bare land, which will see increases in the 40-60% range.

 

If you feel your assessment is too high, please feel free to call your friendly Swope agent and we can help you take a look and make a decisions if you should appeal or not.

 

As always, if you are going to appeal your assessment it is best to get it in sooner than later. Do not wait! Your assessors name and phone number are on the bottom of the statement and you can contact them directly, or ask us and we would be happy help you. You can do an informal appeal prior to the 27th of June, but again, getting it in early gives you a better chance of avoiding a formal appeal. If you wait until just before the 27th you must do a formal appeal and go before the board to present your information. Please feel free to contact an agent here at Swope and we would be happy to assist you in any way we can!

 

Shane Brown, Realtor

Swope Investment Properties

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SWOPE INVESTMENT PROPERTIES

1161 W River St., Suite 160 Boise, Idaho 83702
PH: 208 794-6424 | Fax: 208-385-7240