Atomic City, Idaho Property Taxes
The median property tax rate in Atomic City, ID is 0.54%, slightly higher than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Atomic City, the typical annual property tax bill reaches $52, significantly lower than the national median of $2,690. Property taxes in Atomic City 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 Atomic City'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 Atomic City 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
Atomic City, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$51
Ownwell’s Atomic City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Atomic City with ease. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Atomic City to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities effortlessly. For those interested in more granular insights, localized information is available by scrolling down. Remember, your property’s assessed value is the figure assigned by Bingham County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Atomic City, Idaho
Property taxes in Atomic City, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atomic City is 0.54%, which is lower than the U.S. national median of 0.99%. Local government entities within Atomic City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atomic City 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 Atomic City's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83215 zip code has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Atomic City 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 Atomic City Tax Rate
0.54%
Average Bingham County Tax Rate
0.49%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atomic City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83215 | 0.26% | 0.49% | 0.54% | 0.72% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Atomic City, Idaho
In Atomic City, 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 Atomic City, 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 Atomic City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The lowest tax bills in the city are around $19, while the highest can reach up to $211, reflecting the wide range of property values.
Average Atomic City Assessed Value
$9,529
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 Atomic City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83215 | $2,000 | $2,956 | $9,529 | $26,878 | $49,934 |
Source: Ownwell
Property Tax Bills Across Atomic City, Idaho
In Atomic City, Bingham County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $9,529, homeowners can expect varying tax bills depending on the assessed value and specific tax rates applied. The 25th percentile tax bill is around $19, while the 75th percentile reaches approximately $135, and the 90th percentile can go up to $211. Several factors influence the tax bill, including property size, location, and any applicable exemptions. These taxes fund essential public services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in Atomic City benefit from relatively low property taxes, making it an attractive option for those seeking affordability. This lower tax burden can significantly impact homeowners' financial planning, allowing for more flexibility in budgeting and long-term investments.
Average Atomic City Tax Bill
$52
Average Bingham County Tax Bill
$1,085
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Atomic City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83215 | $13 | $19 | $52 | $135 | $211 |
Source: Ownwell