All-in monthly cost — $525K Heritage Grove home
HOA fee~$185/mo
Ada Co. tax (after homestead, ~0.76%)~$245/mo
Homeowners insurance~$110–$155/mo
Utilities (Idaho Power)~$145–$195/mo
Total monthly carrying cost (excl. mortgage)~$685–$780/mo
Idaho Homestead Exemption — Apply After ClosingIdaho’s homestead exemption reduces taxable value by 50%, capped at $125,000. On a $500K home in Ada County, this saves ~$850–$950/year. File with the Ada County Assessor — renews automatically.
Idaho $95,870 Retirement DeductionMarried filers 65+ can deduct up to $95,870 in qualified retirement income. Social Security is fully exempt. Most retired couples pay zero Idaho income tax.