Boise, Washington Property Taxes
The median property tax rate in Boise, WA is 0.81%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $329,100 in Boise, the typical annual property tax bill is $2,670, slightly below the national median of $2,690. Property taxes in Boise are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Boise's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Boise or another part of the city, grasping the local property tax system will offer substantial benefits.
Last Updated June 14, 2024
Boise, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$2,666
$2,604
Ownwell’s Boise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boise 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 Boise, Washington
Property taxes in Boise, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Boise is 0.81%, slightly lower than the U.S. national median of 0.99%. Local government entities within Boise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boise 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 Boise's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 83714 has both the highest and lowest median property tax rates at 0.81%. Understanding how these areas compare with Boise provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boise Tax Rate
0.81%
Average Franklin County Tax Rate
0.71%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boise, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83714 | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Boise, Washington
In Boise, Washington, 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 Franklin 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 Boise, 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. Boise's median home price stands at $329,100, with the median tax bill at $2,670. Zip code 83714 has both the highest and lowest median tax bills, each at $2,670. 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 Boise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Boise Assessed Value
$329,100
Average Franklin County Assessed Value
$384,600
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boise, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83714 | $329,100 | $329,100 | $329,100 | $329,100 | $329,100 |
Source: Ownwell
Property Tax Bills Across Boise, Washington
In Boise, Franklin County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. The assessed value is typically a percentage of the market value of the property. For example, with a median home price of $329,100, the property tax bill can vary significantly depending on the assessed value and the local tax rate. Several factors influence the tax bill, including property characteristics, market conditions, and any applicable exemptions or deductions. Homeowners in Boise can expect a tax bill around $2,670, as seen in the 25th, 75th, and 90th percentiles, which is higher than the national median property tax rate of 0.99%. This property tax rate can have a substantial impact on homeowners, affecting their monthly mortgage payments and overall housing affordability. Understanding how property taxes are calculated can help homeowners budget more effectively and potentially seek appeals or exemptions to reduce their tax burden.
Average Boise Tax Bill
$2,670
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Boise, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83714 | $2,670 | $2,670 | $2,670 | $2,670 | $2,670 |
Source: Ownwell