Hayden, Idaho Property Taxes
The median property tax rate in Hayden, Idaho is 0.27%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Hayden at $593,401, the typical annual property tax bill reaches $1,741, which is below the national median of $2,690. Property taxes in Hayden 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 Hayden'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 Hayden 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
Hayden, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$1,602
Ownwell’s Hayden Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hayden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hayden to provide an estimated property tax bill. This invaluable tool helps you understand potential tax liabilities with ease. For those interested in more granular insights, scroll down to explore trends at the neighborhood level. Your property’s assessed value is determined by Kootenai County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Hayden, Idaho
Property taxes in Hayden, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hayden is 0.55%, which is higher than the Idaho state median of 0.54% but lower than the U.S. national median of 0.99%. Local government entities within Hayden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hayden 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 Hayden'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 found in Kootenai County at 0.55%, while the lowest median tax rate is 0.54%. Understanding how these cities compare with Hayden 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 Hayden Tax Rate
0.27%
Average Kootenai County Tax Rate
0.32%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hayden, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83835 | 0.23% | 0.25% | 0.27% | 0.37% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Hayden, Idaho
In Hayden, 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 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 Hayden, 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 Hayden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Hayden is $1,741 in the 83835 zip code.
Average Hayden Assessed Value
$593,401
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 Hayden, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83835 | $364,852 | $477,898 | $593,401 | $835,586 | $1,284,628 |
Source: Ownwell
Property Tax Bills Across Hayden, Idaho
In Hayden, located in Kootenai County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners, several factors influence this assessment, including the property's market value, improvements made, and comparable property sales in the area. The median home price in Hayden is $593,401, and property tax bills can vary significantly. For instance, homeowners in the 25th percentile pay around $1,256 annually, while those in the 75th percentile see bills closer to $2,534. The 90th percentile of homeowners face tax bills as high as $4,049. These figures highlight the range of property tax burdens within the city. With the national median property tax rate at 0.99%, Hayden residents experience a diverse range of tax obligations, impacting their overall cost of homeownership and financial planning.
Average Hayden Tax Bill
$1,741
Average Kootenai County Tax Bill
$1,799
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Hayden, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83835 | $722 | $1,256 | $1,741 | $2,534 | $4,049 |
Source: Ownwell