Sweet, Idaho Property Taxes
The median property tax rate in Sweet, Idaho is 0.26%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Sweet, the typical annual property tax bill is $1,023, well below the national median of $2,690. Property taxes in Sweet are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Sweet's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're in the heart of Sweet or another part of Boise County, a solid grasp of the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Sweet, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$824
Ownwell’s SWEET Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in SWEET with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SWEET to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Sweet, Idaho
Property taxes in SWEET, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in SWEET is 0.26%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within SWEET set these rates annually, and they can vary significantly across different neighborhoods. Each year, SWEET 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 SWEET's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Boise County is 0.35%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with SWEET provides valuable insights into the varying tax landscape across Boise County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sweet Tax Rate
0.26%
Average Boise County Tax Rate
0.30%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sweet, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83670 | 0.20% | 0.21% | 0.26% | 0.31% | 0.34% |
Source: Ownwell
Property Tax Assessment Values Across Sweet, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in SWEET, Idaho. 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 Boise 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 SWEET, 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. For instance, the median home price in SWEET is $316,892, with tax bills ranging from $653 at the 25th percentile to $2,009 at the 90th percentile. The highest and lowest median tax bills are both $1,023, in the 83670 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sweet Assessed Value
$316,892
Average Boise County Assessed Value
$366,025
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sweet, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83670 | $81,541 | $151,024 | $316,892 | $513,196 | $804,592 |
Source: Ownwell
Property Tax Bills Across Sweet, Idaho
In Sweet, located in Boise 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 to arrive at the annual property tax bill. The median home price in Sweet is $316,892, and the tax rate in Boise County is notably lower than the national median property tax rate of 0.99%. Homeowners in Sweet can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $653, while the 75th percentile tax bill reaches approximately $1,326. At the higher end, the 90th percentile tax bill can go up to $2,009. These variations depend on factors such as property location, home improvements, and market conditions. Understanding these factors is crucial for homeowners, as property taxes constitute a significant part of homeownership costs and can impact long-term financial planning.
Average Sweet Tax Bill
$1,023
Average Boise County Tax Bill
$1,257
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Sweet, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83670 | $475 | $653 | $1,023 | $1,326 | $2,009 |
Source: Ownwell