Regarding property tax caps...

[Zoey W.]

I was thinking of moving to Idaho (off grid) but I am confused about something. Right now I live in Arizona and Arizona has an “Assessment limit” protection along with “Rate Limit” and “Levy limit”.

Meaning I am PROTECTED from having my property tax SKY ROCKET because it appears it is capped at 3% in Arizona? So it can NEVER be raised more than 3% each year for primary residence.

Unfortunately I see Idaho does NOT have “Assessment limit” protection. This is a HUGE concern for me because I don’t want to end up having property tax sky rocket like it has for many people in the past recent years. Many people end up losing their home in such situation. It is AWFUL. People retire and then lose their home because they are taxed out of it. HORRIBLE.

I fear this means if someone has residential home in Idaho that their property tax can SKY ROCKET from let’s say $3,000/year to TRIPLE that amount in short time period (like it has for millions of people!). Am I correct with this thinking considering that Idaho does NOT have “Assessment limit” protection? Idaho has “Rate Limit” and “Levy limit”…. But NO “Assessment limit” protection….

You can see here a list of ALL states and whether they have this cap protection or not…

https://www.kiplinger.com/taxes/property-tax-cap-by-state#:~....