American Falls, Idaho Property Taxes
The median property tax rate in American Falls, Idaho is 0.41%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in American Falls at $326,479, the typical annual property tax bill reaches $1,268, well below the national median of $2,690. Property taxes in American Falls 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 American Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of American Falls 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
American Falls, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$1,339
Ownwell’s AMERICAN FALLS Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in AMERICAN FALLS using just two key data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in AMERICAN FALLS to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities effectively. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across American Falls, Idaho
Property taxes in American Falls, Idaho, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in American Falls is 0.41%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within American Falls set these rates annually, and they can vary across different neighborhoods. Each year, American Falls 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 American Falls' effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83211 has the highest median property tax rate of 0.41%, while the same zip code also has the lowest median tax rate of 0.41%. Understanding how these cities compare with American Falls provides valuable insights into the varying tax landscape across Power County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average American Falls Tax Rate
0.41%
Average Cassia County Tax Rate
0.38%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across American Falls, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83211 | 0.26% | 0.30% | 0.41% | 0.61% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across American Falls, Idaho
In American Falls, 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 local 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 American Falls, 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 American Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,268, found in zip code 83211.
Average American Falls Assessed Value
$326,479
Average Cassia County Assessed Value
$232,517
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across American Falls, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83211 | $73,924 | $258,412 | $326,479 | $437,864 | $783,878 |
Source: Ownwell
Property Tax Bills Across American Falls, Idaho
In American Falls, property tax bills are determined based on the assessed value of a home, which is calculated by the local assessor’s office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements are considered when assessing a property’s value. For homeowners, the impact of property taxes can vary significantly. In American Falls, the tax bill at the 25th percentile is $762, while at the 75th percentile, it rises to $2046. The 90th percentile tax bill can reach up to $3517. These figures illustrate the range of property tax burdens homeowners may face, depending on their property’s assessed value. Compared to the national median property tax rate of 0.99%, American Falls offers a relatively moderate tax environment. Homeowners should be aware of these factors as they can influence overall housing costs and long-term financial planning.
Average American Falls Tax Bill
$1,268
Average Cassia County Tax Bill
$844
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across American Falls, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83211 | $251 | $762 | $1,268 | $2,046 | $3,517 |
Source: Ownwell