Rupert, Idaho Property Taxes
The median property tax rate in Rupert, ID is 0.35%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Rupert at $178,360, the typical annual property tax bill amounts to $590, well below the national median of $2,690. Property taxes in Rupert are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rupert'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 Rupert 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
Rupert, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$624
Ownwell’s Rupert Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rupert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rupert 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 Rupert, Idaho
Property taxes in Rupert, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rupert is 0.35%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Rupert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rupert 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 Rupert's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is found in zip code 83201 with a rate of 1.25%, while the lowest median tax rate is in zip code 83252 at 0.25%. Understanding how these cities compare with Rupert provides valuable insights into the varying tax landscape across Cassia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rupert Tax Rate
0.35%
Average Cassia County Tax Rate
0.38%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rupert, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83350 | 0.26% | 0.31% | 0.35% | 0.51% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Rupert, Idaho
In Rupert, 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 Cassia 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 Rupert, 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 Rupert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Rupert is $590.00 in the 83350 zip code, while the lowest median tax bill is also $590.00 in the same zip code.
Average Rupert Assessed Value
$178,360
Average Cassia County Assessed Value
$232,517
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rupert, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83350 | $11,823 | $32,541 | $178,360 | $660,623 | $799,544 |
Source: Ownwell
Property Tax Bills Across Rupert, Idaho
In Rupert, located in Cassia County, ID, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The median home price in Rupert is $178,360. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as local government budgets, school funding, and public services are considered when determining the tax rate. Homeowners in Rupert experience a range of property tax bills. At the 25th percentile, the tax bill is $123, while at the 75th percentile, it rises to $2,054. The 90th percentile sees tax bills as high as $3,100. The highest and lowest median tax bills in the area are both $590, indicating a relatively consistent tax rate across different properties. These property taxes significantly impact homeowners by contributing to essential public services like education and infrastructure. Compared to the national median property tax rate of 0.99%, Rupert's rates provide a balanced approach to funding community needs while considering homeowners' financial responsibilities.
Average Rupert Tax Bill
$590
Average Cassia County Tax Bill
$844
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Rupert, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83350 | $89 | $123 | $590 | $2,054 | $3,100 |
Source: Ownwell