Boise homeowners could see jumps in their assessed home values

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Property values have increased again in Ada County, but not as fast as in previous years.

In 2024, the median home value in Ada County increased by 5.3%, according to the Ada County Assessor’s Office. That’s just a smidgen more than the 5.03% increase in 2023, according to Chief Deputy Assessor Brad Smith.

“It’s encouraging to see a more stable market after the erratic valuation swings of the past,” Smith said in an email.

The latest annual property assessments have been mailed to homeowners. The assessed value is what the office believes each property could have sold for in the real estate market.

The new median assessed value in Ada County is $480,000, up from about $455,000 last year.

Home values have certainly been erratic. Residential assessments sk