Saint Charles, Idaho Property Taxes
The median property tax rate in Saint Charles, Idaho is 0.34%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value in Saint Charles of $456,718, the typical annual property tax bill amounts to $1,552, which is well below the national median of $2,690. Property taxes in Saint Charles 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 Saint Charles'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 Saint Charles 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 Charles, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$1,553
Ownwell’s Saint Charles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Charles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Charles 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 Charles, Idaho
Property taxes in Saint Charles, Idaho, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Saint Charles is 0.34%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Saint Charles set these rates annually, and they can vary across different neighborhoods. Each year, Saint Charles 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 Charles's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Bear Lake County is significantly higher than Saint Charles's rate, while the lowest median tax rate is also higher. Understanding how these cities compare with Saint Charles provides valuable insights into the varying tax landscape across Bear Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Charles Tax Rate
0.34%
Average Bear Lake County Tax Rate
0.36%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Charles, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83272 | 0.27% | 0.31% | 0.34% | 0.36% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Saint Charles, Idaho
In Saint Charles, 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 Bear Lake 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 Saint Charles, 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 Saint Charles is $456,718, with tax bills ranging from $1,141 at the 25th percentile to $3,425 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Charles Assessed Value
$456,718
Average Bear Lake County Assessed Value
$278,628
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Charles, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83272 | $187,888 | $318,970 | $456,718 | $668,924 | $1,116,066 |
Source: Ownwell
Property Tax Bills Across Saint Charles, Idaho
In Saint Charles, located in Bear Lake County, ID, property tax bills are determined based on the assessed value of a home. The median home price in the area is $456,718. Property taxes are calculated by applying the local tax rate to this assessed value. For instance, homeowners in the 25th percentile of tax bills pay around $1,141, while those in the 75th percentile pay approximately $2,288. At the 90th percentile, tax bills can reach up to $3,425. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The impact on homeowners can vary significantly; those with higher property values or fewer exemptions may face steeper tax bills. Compared to the national median property tax rate of 0.99%, Saint Charles homeowners experience varying levels of tax burdens, affecting their overall financial planning and homeownership costs.
Average Saint Charles Tax Bill
$1,552
Average Bear Lake County Tax Bill
$1,081
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Charles, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83272 | $750 | $1,141 | $1,552 | $2,288 | $3,425 |
Source: Ownwell