Property valuations skyrocket in Kootenai County

By KAYE THORNBRUGH
Staff Writer | June 3, 2022 1:09 AM

COEUR d’ALENE — Kootenai County property owners may be in for a shock when they receive their 2022 property value assessment notices, which are reportedly expected to arrive in the mail this week. ... “My anticipation is (property value assessments) are going to be significantly higher than last year,” said Kootenai County Treasurer Steve Matheson.

For example, one single-family home in Coeur d’Alene with an assessed total market value of around $392,000 last year, is now assessed at around $638,000 — a 62% increase in just one year. ... The same home had an assessed total market value of $330,000 in 2020 and $308,000 in 2019.

Total market values are the assessed property valuations prior to application of a homeowner's exemption. ... Meanwhile, the assessed total market value of one Post Falls home jumped from about $309,000 in 2021 to a little more than $478,000 in 2022. The home has more than doubled in assessed value since it was built in 2018.

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