Boise property taxes set to go down

For the first time since the years after the Great Recession, city officials project that Boise homeowners will see decreases in their property taxes.

Boise budget director Eric Bilimoria said during a presentation Tuesday, the proposed budget — which includes a 2% base tax increase, rather than the allowable 3% — would result in an 8.7% reduction in property taxes for the average homeowner, or about $138 in savings.

The Idaho Statesman reports this year, Bilimoria said he expects taxes on residential properties to drop from an average of $1,594 in 2022 to $1,456.

Residents could see further reductions once a set of property tax reforms, made into law with House Bill 292, go into effect.

Most homeowners are scheduled to receive their new assessments by early June.


Chris Janson VIP Pre-Party!

Join us Monday, August 22nd at the Western Idaho Fair for Chris Janson! Make sure you get there early because we’ll have a special Pre-Party for the first 75 people at the gate at 5pm catered by Costa Vida, plus your chance to upgrade your seats and win prizes from your favorite Kissin Country Artists!