Local Economy

Find Out More About the Coeur d'Alene, Post Falls and Hayden Area Economy & Job Market 

Coeur d'Alene IS NATIONS HOTTEST JOB MARKET
In a study of the hottest small cities(50,000-100,000 jobs) by BizJournal.com, CDA was given high praise in the online publication with a job growth of 5.9%. Check out the entire article.  

Economic strength of Idaho can be determined from the relationship of employment, labor force, and population. Both population and employment have increased at a substantial rate during the past 10 years. Idaho's population doubled in the 90's.  

TAXES IN KOOTENAI COUNTY 

Idaho funds its communities through state income taxes, local property taxes and sales/use taxes. Property taxes provide a majority of tax revenues to fund local services.  

Property Tax: 

Although property tax rates vary from city to city and the county in the Coeur d'Alene, Post Falls and Hayden area, the average tax rate is 1.4 % of the taxable value of property.  

HOMEOWNERS EXEMPTION The homeowners exemption is an exemption provided by Idaho State law that saves the property owner money on their property taxes. This happens because the exemption deducts 1/2 of the assessed value of the buildings & up to a one-acre homesite, up to a maximum of $101,153 or 50%, whichever is less. This rate may be adjusted anually. See Idaho code 63-602G and 63-701.  

WHO QUALIFIES? A PROPERTY OWNER WHO OCCUPIES THE HOME AS THEIR PRIMARY RESIDENCE AND IS AN IDAHO RESIDENT QUALIFIES FOR THIS EXEMPTION.  

HOW DO YOU QUALIFY?
* A valid Idaho drivers license (if you drive)
* Vehicle is licensed in Idaho (if you own a vehicle)
* If the property is in a trust, bring the
entire trust with you.
* Registered Idaho voter (if you vote)
* If you file income tax, at the appropriate time the property owner would file a full year Idaho resident income tax return.
* You reside in Idaho the majority of the year.  

* WHEN TO FILE
* On new homes, owner must apply within 30 days of purchase

* On existing homes the deadline for applying is April 15th of the year that you occupied the home. We suggest that the property owner file as soon as home is owned and occupied.

* WHERE DO I FILE?
* The applications are available and must be filed in the Assessors Office, located at 451 Government Way, Coeur d Alene on the main floor of the Administration Building, next to the information desk.

* FOR FURTHER ASSISTANCE-
* Call the assessors office 208 446-1513
E-mail bwilliams@kcgov.us 

Sales Tax: 

Sales tax in Kootenai County is 6.0% on retail sales, and on the use, consumption or storage of tangible personal property.  

State Income Tax 

Individual state income tax is graduated and varies from 0 to 8.2 % based on ones taxable net income. Also Idaho residents are taxed on their total income, even if it is earned in another state or country. Corporate state tax is 8% of net taxable income. 

Moter Vehicle Taxes 

Motor vehicle taxes are levied on cars and trucks depending on vehicle year. (Our yearly tax is approx $40/yr.) Commercial vehicles are charged by gross weight up to 16,000 pounds. 

Taxes For Retirees 

Retirees Social Security income and Tier 1 Railroad Retirement benefits are not taxed. Taxpayers may receive a partial tax exemption for civil service and military retirement income received after age 65 (62 if disabled) and a deduction of Tier 2 Railroad Retirement.  

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