Harrison, Idaho Property Taxes
The median property tax rate in Harrison, Idaho is 0.34%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Harrison, the typical annual property tax bill reaches $2,119, which is below the national median of $2,690. Property taxes in Harrison 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 Harrison'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 Harrison 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
Harrison, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$2,219
Ownwell’s Harrison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrison 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 Harrison, Idaho
Property taxes in Harrison, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrison is 0.34%, which is significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Harrison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrison 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 Harrison'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 0.75%, while the lowest median tax rate is 0.29%. Understanding how these cities compare with Harrison 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 Harrison Tax Rate
0.34%
Average Kootenai County Tax Rate
0.32%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrison, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83833 | 0.21% | 0.26% | 0.34% | 0.39% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Harrison, Idaho
In Harrison, 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 Kootenai 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 Harrison, 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 Harrison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Harrison are both $2,119, found in the 83833 zip code.
Average Harrison Assessed Value
$652,670
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 Harrison, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83833 | $151,569 | $357,786 | $652,670 | $1,099,242 | $2,004,640 |
Source: Ownwell
Property Tax Bills Across Harrison, Idaho
In Harrison, located in Kootenai County, ID, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is often a percentage of the market value. Homeowners in Harrison experience a range of property tax bills depending on the value of their homes. For instance, the 25th percentile tax bill is $1,062, while the 75th percentile tax bill is $3,573, and the 90th percentile tax bill reaches $7,139. These tax bills contribute to local services such as schools, public safety, and infrastructure. The median home price in Harrison is $652,670, which influences the overall tax burden on homeowners. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how local rates and home values impact their annual tax obligations. This knowledge helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Harrison Tax Bill
$2,119
Average Kootenai County Tax Bill
$1,799
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrison, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83833 | $371 | $1,062 | $2,119 | $3,573 | $7,139 |
Source: Ownwell