Coeur D Alene, Idaho Property Taxes
The median property tax rate in Coeur d'Alene, Idaho is 0.33%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Coeur d'Alene at $556,250, the typical annual property tax bill reaches $2,087, which is below the national median of $2,690. Property taxes in Coeur d'Alene are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Coeur d'Alene'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 Coeur d'Alene 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
Coeur D Alene, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,836
Ownwell’s COEUR D ALENE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in COEUR D ALENE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in COEUR D ALENE 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 Coeur D Alene, Idaho
Property taxes in Coeur d'Alene, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coeur d'Alene is 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Coeur d'Alene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coeur d'Alene 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 Coeur d'Alene's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83833 zip code has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Coeur d'Alene provides valuable insights into the varying tax landscape across Kootenai County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coeur D Alene Tax Rate
0.33%
Average Kootenai County Tax Rate
0.32%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coeur D Alene, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83814 | 0.26% | 0.31% | 0.36% | 0.50% | 0.55% |
| 83815 | 0.27% | 0.29% | 0.32% | 0.45% | 0.51% |
| 83833 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Coeur D Alene, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coeur d'Alene, Idaho. 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 Kootenai 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 Coeur d'Alene, 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. The median home price in Coeur d'Alene is $556,250. The highest median tax bill is $2,494 in the 83814 zip code, while the lowest median tax bill is $399 in the 83833 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Coeur D Alene Assessed Value
$556,250
Average Kootenai County Assessed Value
$537,335
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coeur D Alene, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83814 | $372,268 | $457,682 | $621,474 | $1,000,181 | $1,559,162 |
| 83815 | $253,414 | $427,724 | $516,301 | $651,300 | $784,621 |
| 83833 | $83,238 | $83,238 | $83,238 | $83,238 | $83,238 |
Source: Ownwell
Property Tax Bills Across Coeur D Alene, Idaho
In Coeur d'Alene, Kootenai County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value reflects the market value of the property. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. In Coeur d'Alene, the median home price is $556,250, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $1,420, while at the 75th percentile, it is $2,846. At the 90th percentile, homeowners can expect a tax bill of $4,291. The highest median tax bill in the area is $2,494 in the 83814 zip code, whereas the lowest is $399 in the 83833 zip code. These variations illustrate the impact of property value and location on tax bills, affecting homeowners' financial planning and budgeting.
Average Coeur D Alene Tax Bill
$2,087
Average Kootenai County Tax Bill
$1,799
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Coeur D Alene, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83814 | $1,132 | $1,666 | $2,494 | $3,760 | $5,957 |
| 83815 | $566 | $1,296 | $1,828 | $2,353 | $2,907 |
| 83833 | $399 | $399 | $399 | $399 | $399 |
Source: Ownwell