Q: When are property taxes due in Madison County?
A: For the current tax year, property taxes can be paid in full by December 20th without penalty, or in two halves with the first half due December 20th and the second half due the following year. Some sources indicate alternative dates of May 12th and November 10th, so contact the Madison County Treasurer's office to confirm current payment schedules.
Q: What is the homestead exemption and how do I apply?
A: The homestead exemption is a tax credit available to property owners who occupy their residence as their primary home for 6 or more months of the year. This credit requires annual application through the County Assessor's office and typically caps annual assessment increases rather than reducing the base assessed value. You must apply by April 15th each year.
Q: Are there other tax credits available?
A: Yes, Madison County offers various tax credits including exemptions for seniors, disabled persons, veterans, and disabled veterans. Each credit has specific eligibility requirements and application deadlines. Contact the County Assessor's office at (208) 356-3662 for current applications and requirements.
Q: How often are properties reassessed?
A: Madison County conducts periodic reassessments to maintain current market values. The current assessment level of 30.88% of market value is based on sales data from 2022, 2023, and 2024. Property values are reviewed annually, with comprehensive reappraisals conducted on a cyclical basis.
Q: How do I appeal my property assessment?
A: Property owners who believe their assessment is too high can appeal to the Madison County Board of Equalization. Appeals must typically be filed by the third Monday in June. Contact the County Assessor's office for appeal forms and procedures.
Q: What are the penalties for late payment?
A: Late payments incur interest charges and penalties as specified in Idaho Code. Contact the County Treasurer's office for current penalty rates and payment options if you've missed the due dates.
Q: Can I pay my property taxes online?
A: Contact Madison County Treasurer's office to inquire about online payment options and accepted payment methods. Many Idaho counties offer online payment systems for property taxes.
Q: Why do property tax rates vary within Madison County?
A: Property tax rates vary based on the special taxing districts that serve your property, such as school districts, fire districts, highway districts, and library districts. Urban properties typically have higher rates due to additional city services, while rural properties may have different combinations of district assessments.
