Property Tax Definition
Property tax or levy rate is an ad valorem tax on the value of a property, usually levied on real estate. The tax is levied by the governing authority of the jurisdiction in which the property is located.
Property Tax Levy Rates by Taxing Agency
City of Meridian Levy Rate History
Property Tax Calculation Example
To assist with determining how to calculate taxes on your property, we have included an example with a Meridian house appraised at $497,100. Using the current tax levy for the City of Meridian, this property owner will pay $731.78 (or $60.98 per month) for their annual property taxes for the City of Meridian services.
State of Idaho Statute 63-602G. PROPERTY EXEMPT FROM TAXATION — HOMESTEAD. (1) For each tax year, the first one hundred twenty-five thousand dollars ($125,000) of the market value for assessment purposes of the homestead as that term is defined in section 63-701, Idaho Code, or fifty percent (50%) of the market value for assessment purposes of the homestead as that term is defined in section 63-701, Idaho Code, whichever is the lesser, shall be exempt from property taxation.
Please note all Tax Levy information provided are for informational purposes only. The City of Meridian does not have any authority or jurisdiction pertaining to non-City of Meridian taxes that may appear on Tax Levy documents. Please direct all non-City of Meridian tax inquiries to those taxing authorities.
Please click on the Ada County Assessor or State of Idaho logo's below to access their website for more information about taxes.
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