Ammon, Idaho Property Taxes
The median property tax rate in Ammon, ID is 1.16%, which is significantly higher than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Ammon, the typical annual property tax bill is $56, far below the national median of $2,690. Property taxes in Ammon are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ammon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ammon or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ammon, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$56
Ownwell’s Ammon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ammon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ammon to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ammon, Idaho
Property taxes in Ammon, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ammon is 1.16%, higher than the U.S. national median of 0.99%. Local government entities within Ammon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ammon estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ammon's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83406 has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Ammon provides valuable insights into the varying tax landscape across Bingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ammon Tax Rate
1.16%
Average Bingham County Tax Rate
0.49%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ammon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83406 | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Ammon, Idaho
In Ammon, Idaho, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Bingham County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Ammon, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Ammon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest and lowest tax bills have tax bills of $56, providing a consistent tax landscape across the area.
Average Ammon Assessed Value
$4,800
Average Bingham County Assessed Value
$255,122
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ammon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83406 | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 |
Source: Ownwell
Property Tax Bills Across Ammon, Idaho
In Ammon, located in Bingham County, ID, property tax bills are calculated based on the assessed value of a property. The local tax assessor determines this value by evaluating the property's market value, which is influenced by factors such as location, size, and condition. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. For homeowners in Ammon, the median home price is notably low at $4,800, leading to relatively modest property tax bills. For instance, property tax bills at the 25th, 75th, and 90th percentiles are consistently $56. Compared to the national median property tax rate of 0.99%, Ammon's property tax rate offers significant savings for homeowners. This lower tax burden can make homeownership more affordable and financially manageable, providing a sense of stability and economic relief.
Average Ammon Tax Bill
$56
Average Bingham County Tax Bill
$1,085
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Ammon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83406 | $56 | $56 | $56 | $56 | $56 |
Source: Ownwell