Sometime after May 23 residents in Ada County will begin receiving their annual property assessments in the mail unless they opted for electronic notices. With all the hubbub about the supplemental school levy and property taxes, many will see their home values go up according to Ada County Assessor Robert H. McQuade who addressed the Kuna City Council on May 6, 2014. Fortunately, the maximum homeowner’s exemption will also rise to $83,920 after the State Tax Commission adopted a resolution on September 4, 2013.
McQuade did not just bring the bittersweet news of property values going up, with the subsequent increase in homeowner’s property taxes. He reported to the council that there was a 23 percent increase in the overall market value in Kuna over last year.
He said that because Kuna is so residential, that 85 percent of the tax burden relies upon residents. Countywide, that number is just 64 percent. But there is good news. New construction in Kuna is up 237 percent and that commercial property growth was up 26 percent. Although home values are not back to where they were at their height in 2008, they are back to 2006 values and continuing to rise.