The net taxable value of Kootenai County declined in 2010 for the third straight year, following a huge spike in value from 2005 to 2007. The value peaked in 2007 at $16.6 billion, reflecting assessments in 2006. This year, that value dropped to $12.6 billion. “We saw a more rapid incline than other counties in the state. We’re now seeing a more rapid decline,” said county Assessor Mike McDowell. However, he said, the market is stabilizing following the dramatic run-up in values. On Tuesday, the county mailed 85,691 assessment notices to property owners, reflecting estimated values as of Jan. 1. McDowell’s staff analyzed 2,565 sales that occurred in 2009 to establish the values, he said/Alison Boggs, SR. More here.

Question: A friend told me that her Coeur d'Alene home lost 25% of its value during the last assessment period and now is down another $25,000. Do you know the current value of your home? Are you bugged that it has lost so much value?