Greenleaf, Idaho Property Taxes
The median property tax rate in Greenleaf, Idaho is 0.48%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Greenleaf at $348,300, the typical annual property tax bill reaches $1,675, significantly below the national median of $2,690. Property taxes in Greenleaf are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greenleaf'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 Greenleaf or another part of Canyon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenleaf, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$1,672
Ownwell’s Greenleaf Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenleaf with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenleaf 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 Greenleaf, Idaho
Property taxes in Greenleaf, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenleaf is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Greenleaf set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenleaf 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 Greenleaf's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83626 has both the highest and lowest median property tax rate of 0.48%. Understanding how these areas compare with Greenleaf provides valuable insights into the varying tax landscape across Canyon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenleaf Tax Rate
0.48%
Average Canyon County Tax Rate
0.53%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenleaf, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83626 | 0.29% | 0.41% | 0.48% | 0.54% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Greenleaf, Idaho
In Greenleaf, 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 Canyon 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 Greenleaf, 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 Greenleaf helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Greenleaf are both $1,675, found in the 83626 zip code.
Average Greenleaf Assessed Value
$348,300
Average Canyon County Assessed Value
$352,300
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenleaf, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83626 | $161,690 | $264,650 | $348,300 | $456,415 | $635,146 |
Source: Ownwell
Property Tax Bills Across Greenleaf, Idaho
In Greenleaf, Canyon County, ID, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's market value, location, and any applicable exemptions or deductions are considered in this assessment. For instance, the median home price in Greenleaf is $348,300, which, when multiplied by the local tax rate, results in varying tax bills. Homeowners in Greenleaf can expect tax bills ranging significantly depending on their property's value and exemptions. The 25th percentile tax bill is approximately $1,144, while the 75th percentile tax bill reaches around $2,336. At the higher end, the 90th percentile tax bill is about $3,276. Comparatively, the highest median tax bill in the area is $1,675, which is below the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Greenleaf Tax Bill
$1,675
Average Canyon County Tax Bill
$1,964
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenleaf, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83626 | $396 | $1,144 | $1,675 | $2,336 | $3,276 |
Source: Ownwell