Laclede, Idaho Property Taxes
The median property tax rate in Laclede, Idaho is 0.24%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Laclede, the typical annual property tax bill is $1,302, well below the national median of $2,690. Property taxes in Laclede are calculated based on the assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Laclede'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 Laclede or another part of the region, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laclede, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$1,138
Ownwell’s Laclede Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laclede with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laclede 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 Laclede, Idaho
Property taxes in Laclede, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laclede is 0.56%, significantly lower than the U.S. national median of 0.99%. Local government entities within Laclede set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laclede 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 Laclede's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in the region is 0.81%, while the lowest median tax rate is 0.56%. Understanding how these cities compare with Laclede 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 Laclede Tax Rate
0.24%
Average Bonner County Tax Rate
0.34%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laclede, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83841 | 0.20% | 0.22% | 0.24% | 0.34% | 0.37% |
Source: Ownwell
Property Tax Assessment Values Across Laclede, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Laclede, Idaho. The market value represents 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 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 Laclede, 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 Laclede helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1302 in the zip code 83841, which contrasts with the national median property tax rate of 0.99%.
Average Laclede Assessed Value
$474,230
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 Laclede, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83841 | $219,212 | $330,966 | $474,230 | $942,254 | $1,365,540 |
Source: Ownwell
Property Tax Bills Across Laclede, Idaho
In Laclede, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of the property. The tax rate, also known as the mill rate, is then applied to the assessed value to calculate the annual property tax bill. Various factors influence the tax bill, including changes in the market value of the property, local budgetary needs, and any applicable exemptions or deductions. Homeowners in Laclede face a range of property tax bills. For instance, the tax bill at the 25th percentile is $784, while at the 75th percentile, it rises to $2,610. At the 90th percentile, homeowners might pay as much as $4,132 annually. Comparatively, the national median property tax rate is 0.99%, which helps to put these figures into perspective. The highest and lowest median tax bills in the region are both reported at $1,302 in the 83841 zip code, indicating some uniformity in tax assessments within this area.
Average Laclede Tax Bill
$1,302
Average Bonner County Tax Bill
$1,672
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Laclede, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83841 | $474 | $784 | $1,302 | $2,610 | $4,132 |
Source: Ownwell