Every state has their own way of doing property taxes. From how and when they assess and determine value, to homeowner exemptions, to taxation and payment. It can get confusing, especially in Idaho. Why? Well, for one, property taxes in Idaho are paid in arrears. That means we don’t pay our property taxes for the […]
The peak (aka over-inflated value) market was in the Spring of 2006. Any appraisals done that year were a paper value, not a real value. To put it another way, while your home appraised for $240 in 2006, the likelihood of it selling at that time for that amount was essentially non-existent as sales came to a screeching halt that year.