Swan Valley, Idaho Property Taxes
The median property tax rate in Swan Valley, ID is 0.41%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $377,966 in Swan Valley, the typical annual property tax bill amounts to $1,444, which is well below the national median of $2,690. Property taxes in Swan Valley are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Swan Valley'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 Swan Valley or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Swan Valley, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$1,550
Ownwell’s Swan Valley Property Tax Bill Calculator assists homeowners, real estate investors, or potential buyers in estimating their annual property taxes in Swan Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swan Valley 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 Swan Valley, Idaho
Property taxes in Swan Valley, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Swan Valley is 0.41%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Swan Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Swan Valley 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 Swan Valley's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83449 has the highest median property tax rate of 0.41%, while the same zip code also has the lowest median tax rate of 0.41%. Understanding how these cities compare with Swan Valley provides valuable insights into the varying tax landscape across Bonneville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Swan Valley Tax Rate
0.41%
Average Bonneville County Tax Rate
0.46%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Swan Valley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83449 | 0.30% | 0.32% | 0.41% | 0.50% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Swan Valley, Idaho
In Swan Valley, 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 Bonneville 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 Swan Valley, 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 Swan Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Swan Valley are both $1,444, found in zip code 83449.
Average Swan Valley Assessed Value
$377,966
Average Bonneville County Assessed Value
$349,759
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Swan Valley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83449 | $122,415 | $221,932 | $377,966 | $636,940 | $958,517 |
Source: Ownwell
Property Tax Bills Across Swan Valley, Idaho
In Swan Valley, Bonneville County, ID, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Swan Valley experience property tax rates that can vary significantly, with tax bills ranging from $987 at the 25th percentile to $3,871 at the 90th percentile. Several factors influence these tax bills, including property size, location, and any improvements made. For instance, the median home price in Swan Valley is $377,966, which helps determine the baseline for tax assessments. Compared to the national median property tax rate of 0.99%, Swan Valley's rates can be seen as relatively moderate. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community. Homeowners need to be aware of their assessed property values and any potential exemptions they might qualify for to manage their tax liabilities effectively.
Average Swan Valley Tax Bill
$1,444
Average Bonneville County Tax Bill
$1,646
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Swan Valley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83449 | $506 | $987 | $1,444 | $2,572 | $3,871 |
Source: Ownwell