Saint Maries, Idaho Property Taxes
The median property tax rate in Saint Maries, Idaho is 0.33%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Saint Maries at $270,906, the typical annual property tax bill amounts to $992, well below the national median of $2,690. Property taxes in Saint Maries 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 Saint Maries' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Saint Maries 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
Saint Maries, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$894
Ownwell’s Saint Maries Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Maries with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Maries 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 Saint Maries, Idaho
Property taxes in Saint Maries, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Maries is 0.33%, which is significantly lower than both the Idaho state median of 0.69% and the U.S. national median of 0.99%. Local government entities within Saint Maries set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Maries 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 Saint Maries' effective property tax rate to other counties in Idaho and the national median. For comparison, Coeur d'Alene has one of the higher median property tax rates in the state at 0.86%, while Boise has a lower median tax rate of 0.75%. Understanding how these cities compare with Saint Maries 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 Saint Maries Tax Rate
0.33%
Average Shoshone County Tax Rate
0.56%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Maries, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | 0.22% | 0.25% | 0.33% | 0.36% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Saint Maries, Idaho
In Saint Maries, 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 Saint Maries, 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. For instance, the median home price in Saint Maries is $270,906. 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 Saint Maries helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83861 has the highest and lowest median tax bill, both at $992.
Average Saint Maries Assessed Value
$270,906
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 Saint Maries, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | $33,833 | $97,509 | $270,906 | $400,259 | $567,023 |
Source: Ownwell
Property Tax Bills Across Saint Maries, Idaho
Property tax bills in Saint Maries, located in Shoshone County, ID, are calculated based on the assessed value of a property. This assessed value is determined by the county assessor and reflects the market value of the home. For homeowners in Saint Maries, the median home price is $270,906. The property tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and improvements. The tax bill can vary significantly within the city. For instance, homeowners in the 25th percentile pay around $658, while those in the 75th percentile face a tax bill of about $1,206. At the 90th percentile, the tax bill can reach $2,024. These variations highlight the impact of property value and local tax rates on homeowners. Compared to the national median property tax rate of 0.99%, Saint Maries offers a relatively moderate range, providing some financial relief to its residents while still supporting essential public services.
Average Saint Maries Tax Bill
$992
Average Shoshone County Tax Bill
$991
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Maries, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | $400 | $658 | $992 | $1,206 | $2,024 |
Source: Ownwell