Belvedere Tiburon, Idaho Property Taxes
The median property tax rate in Belvedere Tiburon, Idaho, is 0.40%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Belvedere Tiburon, the typical annual property tax bill reaches $50, far below the national median of $2,690. Property taxes in Belvedere Tiburon 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 Belvedere Tiburon'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 Belvedere Tiburon 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
Belvedere Tiburon, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$50
Ownwell’s Belvedere Tiburon Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Belvedere Tiburon to provide an estimate of your annual property tax bill. This tool is designed to give you a clear understanding of your potential tax liabilities, helping you make informed financial decisions. For those interested in more localized insights, detailed neighborhood trends are available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Belvedere Tiburon, Idaho
Property taxes in Belvedere Tiburon, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belvedere Tiburon is 0.40%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Belvedere Tiburon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belvedere Tiburon 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 Belvedere Tiburon's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is found in Bonneville County, while the lowest median tax rate is also within the state. Understanding how these cities compare with Belvedere Tiburon 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 Belvedere Tiburon Tax Rate
0.40%
Average Bonneville County Tax Rate
0.46%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belvedere Tiburon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Belvedere Tiburon, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Belvedere Tiburon, 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 Bonneville 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 Belvedere Tiburon, 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 Belvedere Tiburon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belvedere Tiburon Assessed Value
$12,528
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 Belvedere Tiburon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | $12,528 | $12,528 | $12,528 | $12,528 | $12,528 |
Source: Ownwell
Property Tax Bills Across Belvedere Tiburon, Idaho
In Belvedere Tiburon, located in Bonneville County, Idaho, property tax bills are determined based on the assessed value of a property, which is typically a percentage of its market value. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Belvedere Tiburon, the median home price is $12,528, and the property tax rate is significantly lower than the national median of 0.99%. Factors that influence the tax bill include property size, location, and any applicable exemptions or deductions. In this region, the tax bill remains consistent across different percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $50. This uniformity indicates a relatively stable tax environment for homeowners. Such low property tax rates can make homeownership more affordable, potentially attracting more residents to the area. However, it's essential for homeowners to stay informed about any changes in local tax policies that could affect their future tax liabilities.
Average Belvedere Tiburon Tax Bill
$50
Average Bonneville County Tax Bill
$1,646
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Belvedere Tiburon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94920 | $50 | $50 | $50 | $50 | $50 |
Source: Ownwell