Melba, Idaho Property Taxes
The median property tax rate in Melba, 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 Melba, the typical annual property tax bill is $1,142, which is well below the national median of $2,690. Property taxes in Melba are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Melba's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Melba or another part of Ada County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Melba, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,166
Ownwell’s Melba Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Melba with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Melba 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 Melba, Idaho
Property taxes in Melba, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Melba is 0.33%, significantly lower than both the Idaho state median of 0.69% and the U.S. national median of 0.99%. Local government entities within Melba set these rates annually, and they can vary significantly across different neighborhoods. Each year, Melba 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 Melba's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is found in Ada County at 0.69%, while the lowest median tax rate is in Melba at 0.33%. Understanding how these cities compare with Melba 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 Melba Tax Rate
0.33%
Average Ada County Tax Rate
0.58%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Melba, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83641 | 0.23% | 0.28% | 0.33% | 0.42% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Melba, Idaho
In Melba, 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 county 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 Melba, 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 Melba helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,142, found in zip code 83641.
Average Melba Assessed Value
$353,450
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 Melba, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83641 | $197,610 | $262,375 | $353,450 | $484,575 | $689,600 |
Source: Ownwell
Property Tax Bills Across Melba, Idaho
In Melba, property tax bills are determined based on the assessed value of your home and the prevailing tax rate set by local authorities in Ada County. The assessed value is typically a percentage of your property's market value, reflecting its worth in the current real estate market. Factors such as property size, location, and improvements can influence this assessed value. For homeowners in Melba, the tax bill can vary significantly. For instance, the tax bill at the 25th percentile is around $811, while at the 75th percentile, it reaches approximately $1,722. At the 90th percentile, it can go up to $2,708. The median home price in this region is $353,450, which gives a general idea of the property values being taxed. Compared to the national median property tax rate of 0.99%, Melba's property taxes can be seen as relatively moderate, though individual experiences may vary. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Melba Tax Bill
$1,142
Average Ada County Tax Bill
$2,663
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Melba, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83641 | $501 | $811 | $1,142 | $1,722 | $2,708 |
Source: Ownwell