Hazelton, Idaho Property Taxes
The median property tax rate in Hazelton, Idaho is 0.49%, slightly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Hazelton at $570,963, the typical annual property tax bill reaches $2,790, which is just above the national median of $2,690. Property taxes in Hazelton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hazelton'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 Hazelton 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
Hazelton, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$2,798
Ownwell’s Hazelton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hazelton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hazelton 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 Hazelton, Idaho
Property taxes in Hazelton, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hazelton is 0.49%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Hazelton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hazelton 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 Hazelton's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83335 zip code has both the highest and lowest median property tax rate of 0.49%. Understanding how these cities compare with Hazelton provides valuable insights into the varying tax landscape across Minidoka County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hazelton Tax Rate
0.49%
Average Minidoka County Tax Rate
0.49%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hazelton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83335 | 0.49% | 0.49% | 0.49% | 0.52% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Hazelton, Idaho
In Hazelton, 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 Minidoka 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 Hazelton, 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 Hazelton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83335 has the highest and lowest median tax bill, both valued at $2,790.
Average Hazelton Assessed Value
$570,963
Average Minidoka County Assessed Value
$229,100
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hazelton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83335 | $567,941 | $569,074 | $570,963 | $800,833 | $938,755 |
Source: Ownwell
Property Tax Bills Across Hazelton, Idaho
In Hazelton, Minidoka County, ID, property tax bills are calculated based on the assessed value of the home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $570,963, the tax bills can vary significantly. Homeowners in the 25th percentile pay around $2,769, while those in the 75th percentile see bills of about $4,199. At the 90th percentile, tax bills can reach up to $5,044. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. For homeowners, this means that their annual tax liability can vary widely based on these assessed values and the local tax rate. Compared to the national median property tax rate of 0.99%, Hazelton's tax rates can impact homeowners differently, potentially leading to higher or lower tax bills depending on individual property assessments.
Average Hazelton Tax Bill
$2,790
Average Minidoka County Tax Bill
$1,155
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Hazelton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83335 | $2,757 | $2,769 | $2,790 | $4,199 | $5,044 |
Source: Ownwell