Garden City, Idaho Property Taxes
The median property tax rate in Garden City, ID is 0.65%, which is higher than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Garden City at $458,700, the typical annual property tax bill reaches $2,927, surpassing the national median of $2,690. Property taxes in Garden City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Garden City'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 Garden City 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
Garden City, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$2,982
Ownwell’s Garden City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garden City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garden City 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 Garden City, Idaho
Property taxes in Garden City, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garden City is 0.65%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Garden City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garden City 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 Garden City's effective property tax rate to other areas in Idaho and the national median. For comparison, the zip code 83714 has the highest and lowest median property tax rate of 0.65%, highlighting the uniformity within the region. Understanding how these areas compare with Garden City provides valuable insights into the varying tax landscape across Ada County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garden City Tax Rate
0.65%
Average Ada County Tax Rate
0.58%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garden City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83714 | 0.37% | 0.49% | 0.65% | 0.79% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Garden City, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Garden City, Idaho. 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 Ada 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 Garden City, 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. The median home price in Garden City is $458,700, with tax bills ranging from $1,838 at the 25th percentile to $5,432 at the 90th percentile. 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 Garden City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Garden City Assessed Value
$458,700
Average Ada County Assessed Value
$433,000
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garden City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83714 | $265,300 | $330,150 | $458,700 | $639,700 | $871,750 |
Source: Ownwell
Property Tax Bills Across Garden City, Idaho
Property tax bills in Garden City, located in Ada County, Idaho, are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For context, the median home price in Garden City is $458,700. Homeowners in the 25th percentile can expect a tax bill of approximately $1,838, while those in the 75th percentile face around $4,127. The 90th percentile sees tax bills as high as $5,432. Factors such as property size, location, and improvements are considered in the assessment process. Comparatively, the highest and lowest median tax bills in the area are both $2,927, found in the 83714 zip code. These property taxes significantly impact homeowners by influencing their annual housing costs and overall affordability. Understanding these factors can help homeowners better anticipate their financial obligations and plan accordingly.
Average Garden City Tax Bill
$2,927
Average Ada County Tax Bill
$2,663
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Garden City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83714 | $1,178 | $1,838 | $2,927 | $4,127 | $5,432 |
Source: Ownwell