Clark Fork, Idaho Property Taxes
The median property tax rate in Clark Fork, ID is 0.33%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Clark Fork at $329,098, the typical annual property tax bill is $1,149, well below the national median of $2,690. Property taxes in Clark Fork are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Clark Fork's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clark Fork or another part of Bonner County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clark Fork, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,086
Ownwell’s Clark Fork Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clark Fork with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clark Fork to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Bonner County for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Clark Fork, Idaho
Property taxes in Clark Fork, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clark Fork is 0.33%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Clark Fork set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clark Fork 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 Clark Fork's effective property tax rate to other counties in Idaho and the national median. Understanding how these cities compare with Clark Fork provides valuable insights into the varying tax landscape across Bonner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clark Fork Tax Rate
0.33%
Average Bonner County Tax Rate
0.34%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clark Fork, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83811 | 0.27% | 0.29% | 0.33% | 0.45% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Clark Fork, Idaho
In Clark Fork, 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 Bonner County Assessor's Office 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 Clark Fork, 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. The median home price in Clark Fork is $329,098, with tax bills ranging significantly. For example, the 25th percentile tax bill is $645, while the 75th percentile tax bill reaches $1,762, and the 90th percentile tax bill is $2,517. By understanding 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 Clark Fork helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clark Fork Assessed Value
$329,098
Average Bonner County Assessed Value
$479,353
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clark Fork, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83811 | $100,068 | $185,194 | $329,098 | $516,969 | $725,623 |
Source: Ownwell
Property Tax Bills Across Clark Fork, Idaho
In Clark Fork, located in Bonner County, ID, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Clark Fork experience a range of property tax bills, with the 25th percentile paying around $645 and the 75th percentile paying approximately $1,762. The 90th percentile sees tax bills as high as $2,517. Several factors influence these tax bills, including property size, location, and any applicable exemptions or deductions. For instance, the highest and lowest median tax bills in the area are both $1,149, indicating a fairly consistent tax rate across different properties within the same zip code, 83811. Compared to the national median property tax rate of 0.99%, Clark Fork's property taxes can be relatively affordable, making it an attractive location for homeowners looking to manage their annual expenses effectively.
Average Clark Fork Tax Bill
$1,149
Average Bonner County Tax Bill
$1,672
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Clark Fork, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83811 | $299 | $645 | $1,149 | $1,762 | $2,517 |
Source: Ownwell