Kellogg, Idaho Property Taxes
The median property tax rate in Kellogg, ID is 0.93%, slightly below the national median of 0.99% but significantly higher than the Idaho state median of 0.50%. With a median home value of $186,364 in Kellogg, the typical annual property tax bill amounts to $1,418, which is below the national median of $2,690. Property taxes in Kellogg are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kellogg'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 Kellogg 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
Kellogg, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,733
Ownwell’s Kellogg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kellogg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kellogg 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 Kellogg, Idaho
Property taxes in Kellogg, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kellogg is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Kellogg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kellogg 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 Kellogg's effective property tax rate to other areas in Shoshone County and the national median. For comparison, the zip code 83837 has the median property tax rate of 0.93%. Understanding how these cities compare with Kellogg 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 Kellogg Tax Rate
0.93%
Average Shoshone County Tax Rate
0.56%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kellogg, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83837 | 0.37% | 0.50% | 0.93% | 1.09% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Kellogg, Idaho
In Kellogg, 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 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 Kellogg, 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 Kellogg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,418, found in the 83837 zip code.
Average Kellogg Assessed Value
$186,364
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 Kellogg, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83837 | $20,818 | $89,912 | $186,364 | $282,533 | $353,283 |
Source: Ownwell
Property Tax Bills Across Kellogg, Idaho
In Kellogg, located in Shoshone County, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and reflects the market value of the property. To calculate the tax bill, the assessed value is multiplied by the local tax rate. For instance, with a median home price of $186,364, homeowners in Kellogg can expect varying tax bills. The 25th percentile tax bill is around $617, while the 75th percentile reaches up to $2,235, and the 90th percentile can go as high as $3,130. Factors such as property improvements, location, and market trends influence the assessed value. Compared to the national median property tax rate of 0.99%, the tax rates in Kellogg can significantly impact homeowners' finances. Higher assessed values and tax rates result in higher tax bills, affecting affordability and long-term financial planning. Homeowners should stay informed about their property's assessed value and any changes in tax rates to manage their financial obligations effectively.
Average Kellogg Tax Bill
$1,418
Average Shoshone County Tax Bill
$991
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Kellogg, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83837 | $142 | $617 | $1,418 | $2,235 | $3,130 |
Source: Ownwell