Pocatello, Idaho Property Taxes
The median property tax rate in Pocatello, ID is 0.62%, which is lower than the national median of 0.99% but higher than Idaho's state median of 0.50%. With a median home value of $95,845 in Pocatello, the typical annual property tax bill amounts to $996, significantly below the national median of $2,690. Property taxes in Pocatello are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Pocatello's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Pocatello or elsewhere in the city, familiarizing yourself with the local property tax system is crucial for maximizing your financial benefits.
Last Updated June 14, 2024
Pocatello, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$594
Ownwell’s Pocatello Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pocatello with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pocatello 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 Pocatello, Idaho
Property taxes in Pocatello, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pocatello is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Pocatello set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pocatello 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 Pocatello's effective property tax rate to other areas in Idaho and the national median. For comparison, the 83204 zip code has both the highest and lowest median property tax rate of 0.62%. Understanding how these areas compare with Pocatello provides valuable insights into the varying tax landscape across Power County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pocatello Tax Rate
0.62%
Average Power County Tax Rate
0.72%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pocatello, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83204 | 0.51% | 0.55% | 0.62% | 0.82% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Pocatello, Idaho
In Pocatello, 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 Power 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 Pocatello, 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 Pocatello helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Pocatello are both $996, located in the 83204 zip code.
Average Pocatello Assessed Value
$95,845
Average Power County Assessed Value
$187,674
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pocatello, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83204 | $19,066 | $40,940 | $95,845 | $194,368 | $282,720 |
Source: Ownwell
Property Tax Bills Across Pocatello, Idaho
In Pocatello, located in Power County, ID, property tax bills are calculated based on several key factors. The primary determinant is the assessed value of a property, which is a percentage of its market value. Local tax rates, set by various taxing authorities such as school districts and municipalities, are then applied to this assessed value to determine the final tax bill. For homeowners in Pocatello, this means that fluctuations in the local real estate market and changes in tax rates can significantly impact their annual property tax obligations. The median home price in Pocatello is $95,845, with tax bills varying widely. At the 25th percentile, homeowners might pay around $632, while those at the 75th percentile could see bills as high as $1,472. The 90th percentile tax bill can reach up to $2,191. Compared to the national median property tax rate of 0.99%, Pocatello's tax rates offer a diverse range of financial impacts on homeowners, depending on their property's assessed value and the specific rates applied.
Average Pocatello Tax Bill
$996
Average Power County Tax Bill
$1,630
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Pocatello, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83204 | $273 | $632 | $996 | $1,472 | $2,191 |
Source: Ownwell