Dubois, Idaho Property Taxes
The median property tax rate in Dubois, ID is 0.47%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Dubois at $117,610, the typical annual property tax bill reaches $550, significantly below the national median of $2,690. Property taxes in Dubois 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 Dubois'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 Dubois 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
Dubois, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$553
Ownwell’s Dubois Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dubois with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dubois 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 Dubois, Idaho
Property taxes in Dubois, Idaho, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Dubois is 0.47%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Dubois set these rates annually, and they can vary across different neighborhoods. Each year, Dubois 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 Dubois's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Clark County is also 0.47%, found in the 83423 zip code, while the lowest median tax rate is the same. Understanding how these cities compare with Dubois provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dubois Tax Rate
0.47%
Average Clark County Tax Rate
0.49%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dubois, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83423 | 0.34% | 0.36% | 0.47% | 0.57% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Dubois, Idaho
In Dubois, 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 Clark 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 Dubois, 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 Dubois helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $550.00, found in zip code 83423.
Average Dubois Assessed Value
$117,610
Average Clark County Assessed Value
$117,180
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dubois, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83423 | $15,030 | $39,455 | $117,610 | $187,005 | $295,042 |
Source: Ownwell
Property Tax Bills Across Dubois, Idaho
In Dubois, located in Clark County, ID, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and is a percentage of the property's market value. For instance, with a median home price of $117,610, the tax bill can vary significantly. Factors such as property size, location, and improvements are considered in the assessment process. Homeowners in Dubois can expect their property tax bills to fall within a range, with the 25th percentile tax bill at $195 and the 75th percentile at $891. For those at the higher end, the 90th percentile tax bill reaches up to $1,495. These figures contrast with the national median property tax rate of 0.99%, highlighting the region's relatively lower tax burden. Understanding these factors helps homeowners anticipate their annual property tax responsibilities and plan their finances accordingly. The highest median tax bill in the area is recorded at $550, providing a benchmark for comparison.
Average Dubois Tax Bill
$550
Average Clark County Tax Bill
$550
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Dubois, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83423 | $76 | $195 | $550 | $891 | $1,495 |
Source: Ownwell