Kooskia, Idaho Property Taxes
The median property tax rate in Kooskia, ID 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 Kooskia at $197,241, the typical annual property tax bill is $635, well below the national median of $2,690. Property taxes in Kooskia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kooskia'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 Kooskia 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
Kooskia, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$473
Ownwell’s Kooskia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kooskia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kooskia 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 Kooskia, Idaho
Property taxes in Kooskia, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kooskia is 0.24%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Kooskia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kooskia 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 Kooskia's effective property tax rate to other counties in Idaho and the national median. Understanding how these cities compare with Kooskia provides valuable insights into the varying tax landscape across Idaho County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kooskia Tax Rate
0.24%
Average Idaho County Tax Rate
0.27%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kooskia, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83539 | 0.18% | 0.20% | 0.24% | 0.40% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Kooskia, Idaho
In Kooskia, 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 Idaho 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 Kooskia, 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 Kooskia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83539 has the highest and lowest median tax bills, both at $635.
Average Kooskia Assessed Value
$197,241
Average Idaho County Assessed Value
$208,696
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kooskia, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83539 | $2,744 | $45,890 | $197,241 | $377,460 | $536,698 |
Source: Ownwell
Property Tax Bills Across Kooskia, Idaho
In Kooskia, Idaho, property tax bills are calculated based on the assessed value of a 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 property size, location, and home improvements can influence the assessed value. The median home price in Kooskia is $197,241, and homeowners can expect property tax bills to vary within a range. For instance, the 25th percentile tax bill is $330, while the 75th percentile reaches $976, and the 90th percentile goes up to $1,273. Compared to the national median property tax rate of 0.99%, Kooskia's rates result in relatively lower tax bills. This can be beneficial for homeowners, as lower property taxes reduce the overall cost of homeownership. However, it’s essential for homeowners to stay informed about any changes in local tax rates or property assessments, as these can directly impact their annual tax obligations.
Average Kooskia Tax Bill
$635
Average Idaho County Tax Bill
$670
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Kooskia, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83539 | $108 | $330 | $635 | $976 | $1,273 |
Source: Ownwell