Avery, Idaho Property Taxes
The median property tax rate in Avery, Idaho is 0.37%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Avery, the typical annual property tax bill is $646, well below the national median of $2,690. Property taxes in Avery are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Avery'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 Avery 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
Avery, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$653
Ownwell’s Avery Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Avery with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Avery to provide an estimate of 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 Avery, Idaho
Property taxes in Avery, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avery is 0.37%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Avery set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avery 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 Avery's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in the region is found in a nearby zip code with a rate of 0.92%, while another neighboring area has the lowest median tax rate of 0.22%. Understanding how these cities compare with Avery provides valuable insights into the varying tax landscape across Shoshone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avery Tax Rate
0.37%
Average Shoshone County Tax Rate
0.56%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avery, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83802 | 0.22% | 0.34% | 0.37% | 0.39% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Avery, Idaho
In Avery, 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 Shoshone 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 Avery, 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 Avery helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 83802 has both the highest and lowest median tax bill at $646.
Average Avery Assessed Value
$176,557
Average Shoshone County Assessed Value
$166,384
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Avery, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83802 | $22,252 | $48,154 | $176,557 | $307,869 | $448,289 |
Source: Ownwell
Property Tax Bills Across Avery, Idaho
In Avery, located in Shoshone County, ID, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For Avery homeowners, the median home price is $176,557, which influences the tax calculations. Tax bills can vary significantly, with the 25th percentile at $187 and the 75th percentile reaching $1,055. The 90th percentile sees even higher bills, up to $1,408. These figures illustrate the range of property tax burdens homeowners may face, depending on their property's assessed value and the specific tax rate applied. Comparatively, Avery's property tax rate can be contrasted with the national median property tax rate of 0.99%, helping homeowners understand their tax obligations in a broader context. This variability in tax bills can significantly impact household budgets, making it essential for homeowners to stay informed about their property’s assessed value and any changes in local tax rates.
Average Avery Tax Bill
$646
Average Shoshone County Tax Bill
$991
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Avery, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83802 | $99 | $187 | $646 | $1,055 | $1,408 |
Source: Ownwell