Pierce, Idaho Property Taxes
The median property tax rate in Pierce, Idaho is 0.81%, 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 Pierce at $135,222, the typical annual property tax bill is $961, below the national median of $2,690. Property taxes in Pierce are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pierce'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 Pierce 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
Pierce, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,095
Ownwell’s Pierce Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pierce with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pierce 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 Pierce, Idaho
Property taxes in Pierce, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pierce is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Pierce set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pierce 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 Pierce's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83546 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Pierce 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 Pierce Tax Rate
0.81%
Average Clearwater County Tax Rate
0.67%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pierce, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83546 | 0.50% | 0.60% | 0.81% | 1.25% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Pierce, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pierce, Idaho. 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 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 Pierce, 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. For example, the median home price in Pierce is $135,222, with tax bills ranging from $590 at the 25th percentile to $2,155 at the 90th percentile. The highest and lowest median tax bills are both $961 in the zip code 83546. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pierce Assessed Value
$135,222
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 Pierce, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83546 | $24,675 | $70,834 | $135,222 | $174,653 | $228,878 |
Source: Ownwell
Property Tax Bills Across Pierce, Idaho
Property tax bills in Pierce, located in Clearwater County, ID, are determined based on the assessed value of a property. The assessed value is a percentage of the market value, which is periodically evaluated by the county assessor. In Pierce, the median home price stands at $135,222. The property tax rate is applied to this assessed value to calculate the annual tax bill. For homeowners in Pierce, tax bills can vary significantly. For instance, the 25th percentile tax bill is $590, while the 75th percentile reaches $1,546, and the 90th percentile goes up to $2,155. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Pierce's property tax bills reflect the local economic conditions and property values, ensuring that tax contributions are equitable relative to property worth. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Pierce Tax Bill
$961
Average Clearwater County Tax Bill
$1,091
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Pierce, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83546 | $234 | $590 | $961 | $1,546 | $2,155 |
Source: Ownwell