Bellevue, Idaho Property Taxes
The median property tax rate in Bellevue, Idaho is 0.30%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Bellevue at $438,130, the typical annual property tax bill amounts to $1,394, which is well below the national median of $2,690. Property taxes in Bellevue 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 Bellevue'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 Bellevue or another part of Blaine County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bellevue, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$1,314
Ownwell’s Bellevue Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Bellevue. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Bellevue to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan your finances accordingly. For those interested in more detailed insights, you can explore trends at a neighborhood level by scrolling down. Your property’s assessed value, determined by the county, forms the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Bellevue, Idaho
Property taxes in Bellevue, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellevue is 0.30%, which is significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Bellevue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellevue 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 Bellevue's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Blaine County is in ZIP code 83333, with a rate of 0.35%, while the lowest median tax rate is in ZIP code 83313, at 0.25%. Understanding how these cities compare with Bellevue provides valuable insights into the varying tax landscape across Blaine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellevue Tax Rate
0.30%
Average Blaine County Tax Rate
0.35%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellevue, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83313 | 0.24% | 0.27% | 0.30% | 0.38% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Bellevue, Idaho
In Bellevue, 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 Blaine 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 Bellevue, 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 Bellevue is $438,130, with tax bills ranging from $363 at the 25th percentile to $3,894 at the 90th percentile. The highest and lowest median tax bills are both found in the 83313 zip code, at $1,394. By understanding 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 Bellevue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bellevue Assessed Value
$438,130
Average Blaine County Assessed Value
$709,430
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellevue, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83313 | $10,776 | $109,979 | $438,130 | $700,311 | $1,219,074 |
Source: Ownwell
Property Tax Bills Across Bellevue, Idaho
In Bellevue, located in Blaine County, ID, 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 and is typically a percentage of the market value of the property. Homeowners in Bellevue experience a range of tax bills, influenced by factors such as property size, location, and improvements. For instance, the median home price in Bellevue is $438,130. Tax bills can vary significantly, with the 25th percentile at $363 and the 75th percentile reaching $2,301. At the higher end, the 90th percentile tax bill is $3,894. These figures illustrate how property taxes can impact homeowners differently based on their property's assessed value. When compared to the national median property tax rate of 0.99%, Bellevue's property tax bills reflect the local economic conditions and valuation practices. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Bellevue Tax Bill
$1,394
Average Blaine County Tax Bill
$2,555
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellevue, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83313 | $38 | $363 | $1,394 | $2,301 | $3,894 |
Source: Ownwell