Dover, Idaho Property Taxes
The median property tax rate in Dover, ID is 0.49%, slightly below the state median of 0.50% and significantly lower than the national median of 0.99%. With a median home value of $685,080, the typical annual property tax bill in Dover reaches $3,051, which is higher than the national median of $2,690. Property taxes in Dover are calculated based on the tax assessed value, which is generally lower than the market value, thanks to exemptions like the primary residence and agricultural exemptions. Understanding Dover'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 Dover 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
Dover, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$3,357
Ownwell’s Dover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dover 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 Dover, Idaho
Property taxes in Dover, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dover is 0.49%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Dover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dover 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 Dover's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83825 zip code has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Dover 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 Dover Tax Rate
0.49%
Average Bonner County Tax Rate
0.34%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dover, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83825 | 0.33% | 0.36% | 0.49% | 0.51% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Dover, Idaho
In Dover, 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 Bonner 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 Dover, 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 Dover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 83825, at $3,051, while the lowest is also 83825, reflecting the same amount.
Average Dover Assessed Value
$685,080
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 Dover, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83825 | $412,404 | $527,774 | $685,080 | $1,017,038 | $1,661,375 |
Source: Ownwell
Property Tax Bills Across Dover, Idaho
In Dover, Bonner County, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. This value is then multiplied by the local property tax rate to determine your annual tax bill. The median home price in Dover stands at $685,080, and the national median property tax rate is 0.99%, but local rates can vary. Homeowners in Dover can expect their tax bills to fall within a range, with the 25th percentile at $2,309 and the 75th percentile at $4,530. For those in the 90th percentile, tax bills can reach up to $8,039. The highest median tax bill in the area is $3,051, found in the 83825 zip code, which also happens to be the lowest median tax bill. These tax bills can significantly impact homeowners by influencing monthly mortgage payments and overall housing affordability. Understanding how these factors interplay can help residents plan better for their financial future.
Average Dover Tax Bill
$3,051
Average Bonner County Tax Bill
$1,672
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Dover, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83825 | $1,463 | $2,309 | $3,051 | $4,530 | $8,039 |
Source: Ownwell