Oxnard, Idaho Property Taxes
The median property tax rate in Oxnard, ID is 0.69%, which is lower than the national median of 0.99% but higher than the Idaho state median of 0.50%. With a median home value of $303,962 in Oxnard, the typical annual property tax bill is around $2,102, which is below the national median of $2,690. Property taxes in Oxnard are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural lands. Understanding Oxnard'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 Oxnard or another part of Bonneville County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oxnard, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$2,097
Ownwell’s Oxnard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oxnard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oxnard 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 Oxnard, Idaho
Property taxes in Oxnard, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oxnard is 0.69%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Oxnard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oxnard 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 Oxnard's effective property tax rate to other counties in Idaho and the national median. For comparison, the 93035 zip code has the highest median property tax rate of 0.69%, while the same 93035 zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Oxnard 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 Oxnard Tax Rate
0.69%
Average Bonneville County Tax Rate
0.46%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oxnard, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93035 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Oxnard, Idaho
In Oxnard, 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 Oxnard, 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 Oxnard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $2102 in the 93035 zip code, while the lowest median tax bill is also $2102 in the same zip code.
Average Oxnard Assessed Value
$303,962
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 Oxnard, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93035 | $303,962 | $303,962 | $303,962 | $303,962 | $303,962 |
Source: Ownwell
Property Tax Bills Across Oxnard, Idaho
In Oxnard, property tax bills are calculated based on the assessed value of a home, which is determined by the Bonneville County Assessor's Office. This assessed value is a percentage of the market value of the property. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. For homeowners in Oxnard, the median home price is $303,962, and the median property tax bill stands at $2,102, which is relatively high compared to the national median property tax rate of 0.99%. This higher tax bill can significantly impact homeowners, particularly in budgeting for annual expenses. The uniformity in tax bills, with the 25th, 75th, and 90th percentiles all reporting $2,102, indicates a consistent tax rate application across different property values within the area. This consistency provides a predictable tax environment for homeowners, aiding in financial planning and stability.
Average Oxnard Tax Bill
$2,102
Average Bonneville County Tax Bill
$1,646
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Oxnard, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93035 | $2,102 | $2,102 | $2,102 | $2,102 | $2,102 |
Source: Ownwell