Blanchard, Idaho Property Taxes
The median property tax rate in Blanchard, ID is 0.24%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $370,822 in Blanchard, the typical annual property tax bill is $905, which is well below the national median of $2,690. Property taxes in Blanchard are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Blanchard'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 Blanchard or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blanchard, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$890
Ownwell’s Blanchard Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Blanchard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blanchard 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 Blanchard, Idaho
Property taxes in Blanchard, Idaho, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Blanchard is 0.24%, which is significantly lower than both the Idaho state median of 0.69% and the U.S. national median of 0.99%. Local government entities within Blanchard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blanchard 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 Blanchard's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in the state is found in Kootenai County at 0.89%, while the lowest median tax rate is in Bonner County at 0.24%. Understanding how these cities compare with Blanchard provides valuable insights into the varying tax landscape across Bonner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blanchard Tax Rate
0.24%
Average Bonner County Tax Rate
0.34%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blanchard, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83804 | 0.20% | 0.22% | 0.24% | 0.39% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Blanchard, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Blanchard, 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 Bonner 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 Blanchard, 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 Blanchard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Blanchard is $905, with the highest and lowest values both found in zip code 83804.
Average Blanchard Assessed Value
$370,822
Average Bonner County Assessed Value
$479,353
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blanchard, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83804 | $26,240 | $138,244 | $370,822 | $511,411 | $648,977 |
Source: Ownwell
Property Tax Bills Across Blanchard, Idaho
Property tax bills in Blanchard, located in Bonner County, ID, are determined based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home, which is determined by the county assessor. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in Blanchard experience a range of property tax bills. For instance, the 25th percentile tax bill stands at $316, while the 75th percentile reaches $1,290, and the 90th percentile can go as high as $1,724. These figures illustrate the variability in tax burdens depending on property values and specific circumstances. The median home price in Blanchard is $370,822, which means many homeowners pay property taxes that fall within this range. Compared to the national median property tax rate of 0.99%, Blanchard's property tax rates can be relatively moderate, providing a balanced approach to funding local services without overly burdening homeowners.
Average Blanchard Tax Bill
$905
Average Bonner County Tax Bill
$1,672
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Blanchard, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83804 | $263 | $316 | $905 | $1,290 | $1,724 |
Source: Ownwell