Copeland, Idaho Property Taxes
The median property tax rate in Copeland, Idaho is 0.49%, which is notably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $243,895 in Copeland, the typical annual property tax bill amounts to $1,151, significantly below the national median of $2,690. Property taxes in Copeland are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Copeland'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 Copeland or another part of Boundary County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Copeland, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,195
Ownwell’s Copeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Copeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Copeland 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 Copeland, Idaho
Property taxes in Copeland, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Copeland is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Copeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Copeland 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 Copeland's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83805 zip code has both the highest and lowest median property tax rate of 0.49%. Understanding how these cities compare with Copeland provides valuable insights into the varying tax landscape across Boundary County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Copeland Tax Rate
0.49%
Average Boundary County Tax Rate
0.33%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Copeland, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83805 | 0.32% | 0.37% | 0.49% | 0.58% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Copeland, Idaho
In Copeland, 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 Boundary 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 Copeland, 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 Copeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83805 has the highest and lowest median tax bill of $1151.
Average Copeland Assessed Value
$243,895
Average Boundary County Assessed Value
$368,060
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Copeland, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83805 | $21,329 | $59,708 | $243,895 | $298,292 | $484,086 |
Source: Ownwell
Property Tax Bills Across Copeland, Idaho
In Copeland, located in Boundary County, ID, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by local assessors who evaluate the market conditions and property characteristics. Homeowners in Copeland experience a range of property tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $386, while the 75th percentile reaches $1,266, and the 90th percentile can be as high as $1,908. These figures illustrate the variance in tax obligations among homeowners. Compared to the national median property tax rate of 0.99%, Copeland's tax rates may seem more manageable for some, but they still significantly impact household budgets. Property taxes fund essential services like schools, public safety, and infrastructure, making them a crucial component of community development. Homeowners must consider these taxes when budgeting for homeownership, as they represent a recurring cost that can influence overall financial planning.
Average Copeland Tax Bill
$1,151
Average Boundary County Tax Bill
$1,244
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Copeland, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83805 | $277 | $386 | $1,151 | $1,266 | $1,908 |
Source: Ownwell