Sawtooth City, Idaho Property Taxes
The median property tax rate in Sawtooth City, ID is 0.36%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Sawtooth City at $229,498, the typical annual property tax bill is $851, well below the national median of $2,690. Property taxes in Sawtooth City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sawtooth 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 Sawtooth City or another part of Blaine County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sawtooth City, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$826
Ownwell’s Sawtooth City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sawtooth City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sawtooth City 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 Sawtooth City, Idaho
Property taxes in Sawtooth City, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sawtooth City is 0.36%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Sawtooth City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sawtooth 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 Sawtooth City's effective property tax rate to other regions in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is 0.91%, while the lowest median tax rate is 0.32%. Understanding how these cities compare with Sawtooth City provides valuable insights into the varying tax landscape across Blaine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sawtooth City Tax Rate
0.36%
Average Blaine County Tax Rate
0.35%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sawtooth City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83340 | 0.26% | 0.27% | 0.36% | 0.37% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Sawtooth City, Idaho
In Sawtooth 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 Blaine 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 Sawtooth 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 Sawtooth City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sawtooth City are both $851, found in the zip code 83340.
Average Sawtooth City Assessed Value
$229,498
Average Blaine County Assessed Value
$709,430
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sawtooth City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83340 | $95,707 | $158,276 | $229,498 | $580,006 | $1,322,233 |
Source: Ownwell
Property Tax Bills Across Sawtooth City, Idaho
In Sawtooth City, located in Blaine County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate, which varies depending on the specific needs and budgets of local government entities such as schools, fire departments, and public services. For homeowners in Sawtooth City, the median home price is $229,498. The property tax rate in Blaine County is competitive compared to the national median rate of 0.99%. Homeowners in the 25th percentile can expect a tax bill of around $518, while those in the 75th percentile might see a bill closer to $1,502. At the higher end, in the 90th percentile, tax bills can reach up to $4,214. These property taxes fund essential community services and infrastructure, directly impacting the quality of life for residents. Understanding how these taxes are calculated can help homeowners better plan their finances and appreciate the value they receive from local public services.
Average Sawtooth City Tax Bill
$851
Average Blaine County Tax Bill
$2,555
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Sawtooth City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83340 | $269 | $518 | $851 | $1,502 | $4,214 |
Source: Ownwell