Ammon, Idaho Property Taxes
The median property tax rate in Ammon, ID is 0.42%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $382,537 in Ammon, the typical annual property tax bill amounts to $1,697, which is well below the national median of $2,690. Property taxes in Ammon are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ammon'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 Ammon 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
Ammon, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$1,607
Ownwell’s Ammon Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Ammon using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ammon to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and make informed financial decisions. If you’re keen on exploring trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is determined by Bonneville County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Ammon, Idaho
Property taxes in Ammon, Idaho, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Ammon is 0.42%, which is lower than the U.S. national median of 0.99%. Local government entities within Ammon set these rates annually, and they can vary across different neighborhoods. Each year, Ammon 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 Ammon's effective property tax rate to other areas in Bonneville County and the national median. For comparison, the 83401 zip code has the highest median property tax rate of 0.44%, while the 83406 zip code has the lowest median tax rate of 0.42%. Understanding how these areas compare with Ammon provides valuable insights into the varying tax landscape across Bonneville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ammon Tax Rate
0.42%
Average Bonneville County Tax Rate
0.46%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ammon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83401 | 0.35% | 0.37% | 0.44% | 0.47% | 0.53% |
| 83406 | 0.35% | 0.38% | 0.42% | 0.48% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Ammon, Idaho
In Ammon, 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 Bonneville County Assessor's Office 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 Ammon, 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. For instance, the highest median tax bill in Ammon is $2,110 in the 83401 zip code, while the lowest is $1,674 in the 83406 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ammon Assessed Value
$382,537
Average Bonneville County Assessed Value
$349,759
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ammon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83401 | $320,559 | $378,585 | $464,937 | $590,337 | $770,388 |
| 83406 | $255,627 | $292,094 | $375,962 | $439,172 | $529,629 |
Source: Ownwell
Property Tax Bills Across Ammon, Idaho
In Ammon, located in Bonneville County, ID, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a significant role in the assessment process. For instance, the median home price in Ammon is $382,537. Homeowners in Ammon can expect their tax bills to vary. At the 25th percentile, tax bills are around $1,270, while at the 75th percentile, they rise to approximately $2,212. The 90th percentile sees tax bills as high as $2,828. Comparatively, the highest median tax bill in the area is $2,110 in the 83401 zip code, while the lowest is $1,674 in the 83406 zip code. These taxes contribute to local services and infrastructure, impacting overall community well-being and property values.
Average Ammon Tax Bill
$1,697
Average Bonneville County Tax Bill
$1,646
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Ammon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83401 | $1,176 | $1,450 | $2,110 | $2,823 | $3,683 |
| 83406 | $900 | $1,224 | $1,674 | $2,112 | $2,701 |
Source: Ownwell