Stanley, Idaho Property Taxes
The median property tax rate in Stanley, ID is 0.45%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Stanley at $332,625, the typical annual property tax bill reaches $1,435, well below the national median of $2,690. Property taxes in Stanley 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 Stanley'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 Stanley or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanley, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$1,497
Ownwell’s Stanley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanley 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 Stanley, Idaho
Property taxes in Stanley, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanley is 0.45%, lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Stanley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanley 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 Stanley's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83278 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Stanley provides valuable insights into the varying tax landscape across Custer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanley Tax Rate
0.45%
Average Custer County Tax Rate
0.40%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83278 | 0.32% | 0.38% | 0.45% | 0.49% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Stanley, Idaho
In Stanley, 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 Custer 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 Stanley, 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 Stanley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83278 in Stanley has both the highest and lowest median tax bill, which is $1,435.
Average Stanley Assessed Value
$332,625
Average Custer County Assessed Value
$172,930
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83278 | $110,636 | $184,930 | $332,625 | $504,050 | $796,533 |
Source: Ownwell
Property Tax Bills Across Stanley, Idaho
In Stanley, located in Custer County, Idaho, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For homeowners in Stanley, understanding these calculations is crucial as it directly impacts their annual financial planning. The median home price in Stanley is $332,625, which provides a baseline for estimating tax bills. The 25th percentile tax bill is $779, while the 75th percentile tax bill reaches $2,412, and the 90th percentile tax bill can be as high as $3,715. Comparatively, the national median property tax rate is 0.99%, making Stanley's rates relatively moderate. These property taxes fund essential public services such as schools, emergency services, and infrastructure, thereby playing a vital role in maintaining community standards and amenities. Homeowners must stay informed about their property assessments and tax obligations to manage their finances effectively.
Average Stanley Tax Bill
$1,435
Average Custer County Tax Bill
$617
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83278 | $422 | $779 | $1,435 | $2,412 | $3,715 |
Source: Ownwell