Lewiston, Idaho Property Taxes
The median property tax rate in Lewiston, ID is 0.83%, which is lower than the national median of 0.99% but significantly higher than the Idaho state median of 0.50%. With the median home value in Lewiston at $310,772, the typical annual property tax bill reaches $2,637, slightly below the national median of $2,690. Property taxes in Lewiston 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 Lewiston'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 Lewiston 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
Lewiston, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$2,579
Ownwell’s Lewiston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lewiston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lewiston 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 Lewiston, Idaho
Property taxes in Lewiston, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lewiston is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Lewiston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lewiston 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 Lewiston's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83501 zip code has both the highest and lowest median property tax rate of 0.83%. Understanding how these cities compare with Lewiston provides valuable insights into the varying tax landscape across Nez Perce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lewiston Tax Rate
0.83%
Average Nez Perce County Tax Rate
0.81%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewiston, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83501 | 0.64% | 0.71% | 0.83% | 0.98% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Lewiston, Idaho
In Lewiston, 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 Nez Perce 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 Lewiston, 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 Lewiston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lewiston is $310,772, with the highest median tax bill in the 83501 zip code being $2,637.
Average Lewiston Assessed Value
$310,772
Average Nez Perce County Assessed Value
$302,737
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewiston, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83501 | $119,091 | $227,836 | $310,772 | $394,822 | $496,333 |
Source: Ownwell
Property Tax Bills Across Lewiston, Idaho
In Lewiston, located in Nez Perce County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. The median home price in Lewiston is $310,772, and homeowners can expect varying tax bills depending on their property's value. For instance, the 25th percentile tax bill is around $1,618, while those in the 75th percentile pay approximately $3,771. High-value properties, such as those in the 90th percentile, can see tax bills reaching up to $5,010. Several factors influence these tax bills, including property size, location, and improvements made to the property. Compared to the national median property tax rate of 0.99%, Lewiston's rates can be seen as relatively moderate, offering some relief to homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Lewiston Tax Bill
$2,637
Average Nez Perce County Tax Bill
$2,415
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewiston, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83501 | $884 | $1,618 | $2,637 | $3,771 | $5,010 |
Source: Ownwell