Pinehurst, Idaho Property Taxes
The median property tax rate in Pinehurst, ID is 0.48%, notably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Pinehurst at $184,862, the typical annual property tax bill amounts to $1,034, significantly below the national median of $2,690. Property taxes in Pinehurst 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 Pinehurst'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 Pinehurst or another part of Shoshone County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pinehurst, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$887
Ownwell’s Pinehurst Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pinehurst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pinehurst 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 Pinehurst, Idaho
Property taxes in Pinehurst, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pinehurst is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Pinehurst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pinehurst 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 Pinehurst's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83850 has both the highest and lowest median property tax rate of 0.48%. Understanding how these cities compare with Pinehurst 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 Pinehurst Tax Rate
0.48%
Average Shoshone County Tax Rate
0.56%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pinehurst, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83850 | 0.35% | 0.40% | 0.48% | 0.73% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Pinehurst, Idaho
In Pinehurst, 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 Pinehurst, 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 Pinehurst helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pinehurst is $184,862, with the 25th percentile tax bill at $443 and the 75th percentile tax bill at $1,745. The zip code 83850 has both the highest and lowest median tax bill, standing at $1,034.
Average Pinehurst Assessed Value
$184,862
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 Pinehurst, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83850 | $20,409 | $62,161 | $184,862 | $322,846 | $424,681 |
Source: Ownwell
Property Tax Bills Across Pinehurst, Idaho
In Pinehurst, ID, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Pinehurst is $184,862. Homeowners in Pinehurst can expect their property tax bill to vary significantly, with the 25th percentile tax bill at $443 and the 75th percentile at $1,745. At the higher end, the 90th percentile tax bill reaches $2,456. These variations are influenced by the assessed value of the property and any applicable exemptions or deductions. The local tax rate in Shoshone County plays a crucial role in determining the final tax amount. Compared to the national median property tax rate of 0.99%, Pinehurst's rates offer a diverse range, reflecting the differing property values and local government funding needs. For homeowners, understanding these factors is essential for financial planning and anticipating annual tax obligations. The highest and lowest median tax bills in Pinehurst are both recorded at $1,034 in the 83850 zip code, illustrating a consistent tax rate within that area.
Average Pinehurst Tax Bill
$1,034
Average Shoshone County Tax Bill
$991
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Pinehurst, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83850 | $122 | $443 | $1,034 | $1,745 | $2,456 |
Source: Ownwell