Nampa, Idaho Property Taxes
The median property tax rate in Nampa, ID is 0.55%, slightly above the Idaho state median of 0.50% but still well below the national median of 0.99%. With a median home value of $119,890 in Nampa, the typical annual property tax bill amounts to $664, significantly less than the national median of $2,690. Property taxes in Nampa are determined based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Navigating Nampa's property tax system, exploring potential exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in the heart of Nampa or in its surrounding areas, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Nampa, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$659
Ownwell’s Nampa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nampa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nampa 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 Nampa, Idaho
Property taxes in Nampa, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nampa is 0.55%, lower than the U.S. national median of 0.99%. Local government entities within Nampa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nampa 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 Nampa's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83686 has both the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Nampa provides valuable insights into the varying tax landscape across Canyon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nampa Tax Rate
0.55%
Average Bonneville County Tax Rate
0.46%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nampa, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83686 | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Nampa, Idaho
In Nampa, 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 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 Nampa, 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 Nampa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $664 in the 83686 zip code.
Average Nampa Assessed Value
$119,890
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 Nampa, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83686 | $119,890 | $119,890 | $119,890 | $119,890 | $119,890 |
Source: Ownwell
Property Tax Bills Across Nampa, Idaho
In Nampa, property tax bills are calculated based on the assessed value of a home, which is determined by the Bonneville County Assessor's Office. The assessed value typically reflects a percentage of the property's market value. Homeowners in Nampa are subject to a median property tax rate that is influenced by local government budgets and the needs of public services such as schools, roads, and emergency services. For context, Nampa's median home price is $119,890. The property tax bill for homes in the 25th, 75th, and 90th percentiles is consistently $664, which is significantly lower than the national median property tax rate of 0.99%. This consistency in tax bills suggests a relatively stable tax environment for homeowners in the area. Factors such as property improvements, neighborhood developments, and changes in local government spending can also affect tax bills. For Nampa homeowners, understanding these factors is crucial for anticipating changes in their annual property tax obligations.
Average Nampa Tax Bill
$664
Average Bonneville County Tax Bill
$1,646
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Nampa, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83686 | $664 | $664 | $664 | $664 | $664 |
Source: Ownwell