Tendoy, Idaho Property Taxes
The median property tax rate in Tendoy, ID is 0.33%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $334,097 in Tendoy, the typical annual property tax bill amounts to $881, which is well below the national median of $2,690. Property taxes in Tendoy are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural use. Understanding Tendoy's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Tendoy or another part of Lemhi County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tendoy, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,103
Ownwell’s Tendoy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tendoy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tendoy 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 Tendoy, Idaho
Property taxes in Tendoy, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tendoy is 0.33%, which is significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Tendoy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tendoy 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 Tendoy's effective property tax rate to other counties in Idaho and the national median. Understanding how these cities compare with Tendoy provides valuable insights into the varying tax landscape across Lemhi County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tendoy Tax Rate
0.33%
Average Lemhi County Tax Rate
0.34%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tendoy, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83468 | 0.21% | 0.23% | 0.33% | 0.39% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Tendoy, Idaho
In Tendoy, 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 Lemhi 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 Tendoy, 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 Tendoy is $334,097. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest and lowest median tax bills in Tendoy are both $881, found in the 83468 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tendoy Assessed Value
$334,097
Average Lemhi County Assessed Value
$240,870
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tendoy, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83468 | $23,000 | $171,039 | $334,097 | $479,385 | $621,559 |
Source: Ownwell
Property Tax Bills Across Tendoy, Idaho
In Tendoy, property tax bills are calculated based on the assessed value of a home, which is determined by the Lemhi County assessor. The assessed value is a percentage of the market value of the property. Factors such as property size, location, and improvements can influence this valuation. Once the assessed value is established, the property tax rate is applied to this value to calculate the tax bill. For homeowners in Tendoy, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $427, while the 75th percentile reaches $1395, and the 90th percentile goes up to $2010. These figures indicate a broad range depending on property values and specific assessments. The median tax bill in the area is $881, which is lower than the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Tendoy Tax Bill
$881
Average Lemhi County Tax Bill
$733
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Tendoy, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83468 | $50 | $427 | $881 | $1,395 | $2,010 |
Source: Ownwell