Kendrick, Idaho Property Taxes
The median property tax rate in Kendrick, ID is 0.76%, which is lower than the national median of 0.99% but higher than Idaho's state median of 0.50%. With the median home value in Kendrick at $157,645, the typical annual property tax bill amounts to $960, falling below the national median of $2,690. Property taxes in Kendrick are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Kendrick'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 Kendrick or another part of Clearwater County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kendrick, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,198
Ownwell’s Kendrick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kendrick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kendrick 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 Kendrick, Idaho
Property taxes in Kendrick, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kendrick is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Kendrick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kendrick 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 Kendrick's effective property tax rate to other areas in Idaho and the national median. For comparison, the zip code 83537 has both the highest and lowest median property tax rate in the region, standing at 0.76%. Understanding how these areas compare with Kendrick provides valuable insights into the varying tax landscape across Clearwater County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kendrick Tax Rate
0.76%
Average Clearwater County Tax Rate
0.67%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kendrick, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83537 | 0.44% | 0.49% | 0.76% | 0.96% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Kendrick, Idaho
In Kendrick, 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 Clearwater 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 Kendrick, 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 Kendrick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Kendrick, the zip code 83537 has the highest and lowest median tax bill at $960, compared to the national median property tax rate of 0.99%.
Average Kendrick Assessed Value
$157,645
Average Clearwater County Assessed Value
$173,988
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kendrick, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83537 | $46,163 | $70,780 | $157,645 | $312,346 | $421,320 |
Source: Ownwell
Property Tax Bills Across Kendrick, Idaho
Property tax bills in Kendrick, located in Clearwater County, ID, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. In Kendrick, the median home price is $157,645. Homeowners in the 25th percentile can expect a tax bill around $591, while those in the 75th percentile might see bills up to $1,625. For the top 10% of properties, tax bills can reach up to $2,840. The local tax rate, combined with the assessed value, determines the final tax bill. Comparing these numbers to the national median property tax rate of 0.99%, Kendrick's property taxes are relatively moderate. Understanding these factors can help homeowners anticipate their tax obligations and budget accordingly. High property taxes can impact affordability, while lower taxes can make homeownership more accessible.
Average Kendrick Tax Bill
$960
Average Clearwater County Tax Bill
$1,091
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Kendrick, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83537 | $383 | $591 | $960 | $1,625 | $2,840 |
Source: Ownwell