Monteview, Idaho Property Taxes
The median property tax rate in Monteview, Idaho is 0.60%, notably lower than the national median of 0.99% but higher than the Idaho state median of 0.50%. With the median home value in Monteview at $203,677, the typical annual property tax bill amounts to $963, well below the national median of $2,690. Property taxes in Monteview 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 Monteview'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 Monteview or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Monteview, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,222
Ownwell’s Monteview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Monteview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Monteview 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 Monteview, Idaho
Property taxes in Monteview, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Monteview is 0.60%, lower than both the Idaho state median of 0.69% and the U.S. national median of 0.99%. Local government entities within Monteview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Monteview 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 Monteview's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83435 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Monteview provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Monteview Tax Rate
0.60%
Average Jefferson County Tax Rate
0.39%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monteview, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83435 | 0.34% | 0.42% | 0.60% | 0.66% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Monteview, Idaho
In Monteview, 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 Jefferson 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 Monteview, 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 Monteview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Monteview is $203,677, with tax bills ranging from $405 at the 25th percentile to $2,375 at the 90th percentile. The highest and lowest median tax bill is $963 in the 83435 zip code.
Average Monteview Assessed Value
$203,677
Average Jefferson County Assessed Value
$327,168
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Monteview, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83435 | $6,000 | $83,208 | $203,677 | $318,314 | $435,282 |
Source: Ownwell
Property Tax Bills Across Monteview, Idaho
In Monteview, Jefferson County, ID, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The median home price in Monteview stands at $203,677. Property taxes are calculated by applying the local tax rate to the assessed value of the property. The national median property tax rate is 0.99%. Several factors influence the final tax bill, including the assessed value of the home, local tax rates, and any applicable exemptions or deductions. Homeowners in Monteview can expect their property tax bills to vary significantly. For instance, those at the 25th percentile pay around $405, while those at the 75th percentile face bills of approximately $1,627. The highest tax bills reach up to $2,375 at the 90th percentile. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community and homeowners. Understanding how these factors interplay can help residents anticipate their tax obligations and manage their finances accordingly.
Average Monteview Tax Bill
$963
Average Jefferson County Tax Bill
$1,302
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Monteview, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83435 | $41 | $405 | $963 | $1,627 | $2,375 |
Source: Ownwell