Bannock County Assessor's Office

Bannock County Assessor's Office Our mission in the Bannock County Assessor’s Office is to provide fair & equitable appraisals and fast & friendly service to every citizen of Bannock County.

Operating as usual

05/25/2021
www.bannockcounty.us

Great news: the DMV will be open once again 5 days per week (Monday-Friday) beginning the first week of June!

10/28/2019
www.bannockcounty.us

Good Monday morning! Here is a copy of our 10/25/19 press release. We will be sharing these on our county website as well as our page.

FAQ Friday!Question: When will I receive my tax notice, and when will it be due?Answer: Idaho code 63-902 requires the c...
09/27/2019

FAQ Friday!

Question: When will I receive my tax notice, and when will it be due?

Answer: Idaho code 63-902 requires the county treasurer to mail property tax notices by the 4th Monday in November. The 1st half of that bill is due by December 20th, and the 2nd half is due by June 20th of the following year.

FAQ Friday!Question #11: My neighbor and I are coming up with different increase percentages for our increases, which ca...
09/20/2019

FAQ Friday!

Question #11: My neighbor and I are coming up with different increase percentages for our increases, which calculation is correct?

Answer: Property values for residential homes can typically increase in two different areas: the land, and the improvement (home). When a change is applied to your property value, it is applied to the gross value before factoring in any exemptions. When calculating a percentage of increase/decrease on property values, the most accurate method is to always separate the land from the improvements and to always calculate based on gross taxable value.

FAQ Friday!Question #9: Does an increase in my assessed value mean an increase in my tax bill? Answer: Not necessarily. ...
09/13/2019

FAQ Friday!

Question #9: Does an increase in my assessed value mean an increase in my tax bill?

Answer: Not necessarily. Any fluctuations in the levy rate are tied to changes in property values and changes in taxing district budgets. Once the levy rate has been certified and published in the fall, property owners will be able to make a more accurate estimation of their 2019 tax bill. In reality, most taxing districts will likely request some sort of budget increase. For many property owners, a budget increase from taxing districts will likely translate to an increase in property taxes, although an exact amount will not be known until the fall.

Question #10: I have heard that a large increase in property values typically means a lot more money for the taxing districts (e.g. County, School District, Cities), is this true?

Answer: Absolutely not. The primary factor in any potential increase/decrease to your property taxes is based on the budgets of the taxing districts. For example, if the taxing districts all chose to keep the same budget from last year, the levy rate would drop correspondingly and most taxes would remain nearly unchanged. Taxing districts have limits to any budget increases, and those limits are based on budget dollars, not assessed values.

FAQ Friday!Question #7: Are incoming projects (e.g. Northgate District, LDS Temple) responsible for the increase in my a...
09/06/2019

FAQ Friday!

Question #7: Are incoming projects (e.g. Northgate District, LDS Temple) responsible for the increase in my assessed value?

Answer: Possibly, however there is not typically a direct relationship. Assessed values are based on the current market value. Market value is largely driven by the demand for property in any given area. To calculate the market value, our appraisers analyze all available qualifying sales (also known as arm’s-length transactions). Idaho is a non-disclosure state, so we rely heavily on public reported data. Each year we assess the value as of January 1st of that year. The time period we analyze for sales data is the preceding 15 months.

Question #8: How did new software cause such a delay?

Answer: Migrating data from an older system to a newer system is an imperfect process. The staff in the Assessor’s office have been working in partnership with the state tax commission since late 2018 to ensure that data being converted to the new system is as accurate as possible.

FAQ Friday!Question #5: I was previously told that my value should only change every 5 years. What changed? Answer: Look...
08/30/2019

FAQ Friday!

Question #5: I was previously told that my value should only change every 5 years. What changed?

Answer: Looking back at the last 10 years of historical data, many parcels only experienced a change in assessed value every 5 years, during their re-appraisal. This occurred contrary to Idaho State Code section 63-314, which states that “all taxable property in a county shall be appraised at least once every five (5) years”, and the remaining 80% “..shall be indexed to reflect current market value”. Going forward, every parcel will be updated every year.

Question #6: How can my value have been the same for years when my taxes were different each year?

Answer: Once assessed values have been set, taxing districts submit their budgets. After budgets are finalized, the levy rate for that year is calculated. Due to a fluctuating overall tax base and annual updates to budgetary requirements, the levy rate inevitably changes on a yearly basis.

FAQ Friday!Question #3: How can my land value increase when I did not change anything about the land (e.g. landscaping)?...
08/23/2019

FAQ Friday!

Question #3: How can my land value increase when I did not change anything about the land (e.g. landscaping)?

Answer: Historically, land almost always appreciates in value in relation to its scarcity. When land becomes less available in a particular market, it will likely become more valuable in that same market.

Question #4: Why did my value increase this year if my property was appraised by the county two years ago?

An updated field inspection is required every five years for each parcel in the county. This ensures that 20% of all parcels are subject to a field inspection and reappraisal every five years. Each year, the remaining 80% of parcels are required to be “indexed” to the current market value (Idaho State Code section 63-314).

Great news, and thank you Mayor Blad and the Pocatello city council for your hard work on the city  budget!
08/20/2019
Idaho State Journal

Great news, and thank you Mayor Blad and the Pocatello city council for your hard work on the city budget!

Pocatello officials decide not to take the full 3 percent increase in property tax collections they're entitled to budget under Idaho law.

FAQ Friday!Every Friday, we will start sharing some frequently asked questions that come in to our office through variou...
08/16/2019

FAQ Friday!

Every Friday, we will start sharing some frequently asked questions that come in to our office through various methods. If you have a question, and you feel others might benefit from the answer, be sure to send it our way!

Question #1: Why have assessed values increased so dramatically since the 2018 Assessment?

Answer: Any year that experiences a large increase in real estate market fluctuations (up or down) will experience a corresponding rise/fall in assessed values. County assessors are required to value each parcel of property at current market value each year, pursuant to Idaho State Code section 63-314.

Question #2: Why does my assessment list an “Improvement” when I haven’t upgraded anything in my home?

Answer: For the purposes of property assessment, state code defines an improvement as: "..all buildings, structures, manufactured homes”. Your home is always defined as an improvement to the property, even if no changes have been made to the home recently.

Very interesting to see that the top 10 real estate markets for projected growth (through June 2020) are Idaho, Texas, a...
08/14/2019
Gov. Little warns of 'flip side' of growth

Very interesting to see that the top 10 real estate markets for projected growth (through June 2020) are Idaho, Texas, and Washington. Idaho has 4 of the top 10 markets, with Pocatello coming in at #9 nationally.

POCATELLO — Gov. Brad Little believes recent economic growth has helped Idaho to finally stop “exporting” its children to other states.

07/05/2019
City of Chubbuck

During his remarks about 4th of July celebrations, Chubbuck Mayor Kevin England also addressed the 2019 property tax assessment notices.

Update includes: 4th of July, and Property Taxes.

The Idaho State Tax Commission has released an Estimated Property Tax calculator. This will allow you to input your "Net...
07/01/2019
Estimated Property Tax - Idaho State Tax Commission

The Idaho State Tax Commission has released an Estimated Property Tax calculator. This will allow you to input your "Net Taxable Property Value" from your assessment notice, and view your potential property taxes for 2019. We are being told this calculation is based on all of the taxing districts taking a 3% budget increase.

Estimate your property tax using the calculator on this page.

Assessor: Increased assessments won't mean huge tax hikes
06/26/2019
Assessor: Increased assessments won't mean huge tax hikes

Assessor: Increased assessments won't mean huge tax hikes

POCATELLO — The Bannock County Assessor’s Office saw a steady stream of citizens filing through its doors Tuesday afternoon to voice concerns about significant increases to their property assessments.

Have you checked to see if you qualify under Idaho Tax Code for the Property Tax Reduction program?The application deadl...
06/07/2019
Homeowners & Property Tax - Idaho State Tax Commission

Have you checked to see if you qualify under Idaho Tax Code for the Property Tax Reduction program?

The application deadline is April 15th each year. Click on the link to learn more!

Idaho has a homeowner's exemption for owner-occupied homes and manufactured homes that are primary dwellings.

Address

130 N. 6th Ave
Pocatello, ID
83201

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00

Telephone

+1 208-236-7260

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