Donnelly, Idaho Property Taxes
The median property tax rate in Donnelly, ID is 0.27%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value in Donnelly of $528,966, the typical annual property tax bill is $1,451, which is well below the national median of $2,690. Property taxes in Donnelly 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 Donnelly'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 Donnelly or another part of Valley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Donnelly, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$1,428
Ownwell’s Donnelly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Donnelly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Donnelly 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 Donnelly, Idaho
Property taxes in Donnelly, Idaho, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Donnelly is 0.27%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Donnelly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Donnelly 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 Donnelly's effective property tax rate to other counties in Idaho and the national median. Understanding how these cities compare with Donnelly provides valuable insights into the varying tax landscape across Valley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Donnelly Tax Rate
0.27%
Average Valley County Tax Rate
0.29%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Donnelly, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83615 | 0.21% | 0.25% | 0.27% | 0.30% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Donnelly, Idaho
In Donnelly, 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 Valley 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 Donnelly, 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. The median home price in Donnelly is $528,966, with the 25th percentile tax bill being $972 and the 75th percentile tax bill at $2,413. The highest and lowest median tax bills are both $1,451 in the zip code 83615. Being aware of these valuation processes in Donnelly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Donnelly Assessed Value
$528,966
Average Valley County Assessed Value
$597,522
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Donnelly, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83615 | $188,133 | $377,452 | $528,966 | $903,864 | $1,374,671 |
Source: Ownwell
Property Tax Bills Across Donnelly, Idaho
In Donnelly, Valley County, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $528,966, homeowners can expect varying tax bills. At the 25th percentile, tax bills are around $972, while at the 75th percentile, they rise to approximately $2,413. The 90th percentile sees tax bills reaching up to $3,594. Compared to the national median property tax rate of 0.99%, Donnelly's rates result in a notable range of tax bills, influenced by the assessed home values. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners should be aware of these factors as they can significantly affect annual expenses and the overall cost of homeownership.
Average Donnelly Tax Bill
$1,451
Average Valley County Tax Bill
$1,821
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Donnelly, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83615 | $576 | $972 | $1,451 | $2,413 | $3,594 |
Source: Ownwell