Property Tax Levy Simulator

See how different annual levy increase rates affect your tax bill over 5 years, and compare all scenarios side by side.

Historical Levy Increases, FY2008-FY2026

The city council has taken the maximum 3-4% increase in most years. Two years had 0%: FY2010 (increase rejected by council) and FY2021 (COVID-19 response). The FY2026 increase was 4% (3% statutory + 1% foregone balance recapture). The 3% statutory max is set by Idaho Code 63-802. Foregone balance accumulates from years where the full 3% was not taken.

At 0%, the city loses purchasing power to inflation each year. At 3%: the statutory max adds approximately $231K to the levy. At 4%: the statutory max plus approximately $80K in foregone balance recapture.

This simulator models the annual property tax on a $400,000 home with a $125,000 homeowner exemption ($275,000 taxable value). The rate compounds at the selected percentage each year starting from the FY2026 levy rate of $3.64 per $1,000.

Select a Scenario to Highlight

Move the slider to highlight one scenario in the chart and table below. All 6 scenarios are always plotted.

Annual levy increase rate 0%

Annual Tax Bill by Scenario, FY2026-FY2031

Based on $400,000 home with $125,000 homeowner exemption = $275,000 taxable value. FY2026 base rate: $3.64 per $1,000. Year-over-year tax = base tax x (1 + rate)^N where N is years from FY2026. The rate here is the levy rate applied to your assessed value; it changes only if the levy grows faster than assessed values citywide. This model assumes the rate itself compounds at the selected percentage, isolating the levy-increase effect.

Year-by-Year Tax Bill: All Scenarios

Dollar amounts are estimated annual city property tax on a $275,000 taxable value. Actual bills depend on final assessed value, levy decisions, and any exemption changes. Numbers rounded to nearest dollar.