Property Valuation
In Idaho, what government office produces the assessed value used for property tax calculations?
AIdaho Tax Commission
BCounty Assessor✓ Correct
CIREC
DCounty Treasurer
Explanation
The County Assessor in each Idaho county determines the assessed value of all taxable real property. The county treasurer then uses this value to calculate and collect property taxes.
Related Idaho Property Valuation Questions
- A comparable sale that closed 12 months ago in a rising market would require which type of adjustment?
- What is a 'retrospective appraisal' and when is it used in Idaho?
- When comparing sales, an appraiser adjusts for differences between the comparable property and the subject property. If the comparable sold for $300,000 and had a pool (worth $15,000) that the subject property lacks, the adjusted value is:
- What is 'neighborhood analysis' in Idaho residential appraisal?
- What is the 'principle of substitution' in real estate appraisal?
- The principle of substitution in appraisal states that:
- What is 'price per square foot' used for in Idaho real estate analysis?
- What is 'depreciation' in the cost approach to appraisal and what are its three forms?
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