Moore, Idaho Property Taxes
The median property tax rate in Moore, Idaho is 0.45%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Moore at $187,200, the typical annual property tax bill reaches $788, significantly below the national median of $2,690. Property taxes in Moore 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 Moore'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 Moore 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
Moore, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$842
Ownwell’s Moore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moore 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 Moore, Idaho
Property taxes in Moore, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moore is 0.45%, which is significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Moore set these rates annually, and they can vary across different neighborhoods. Each year, Moore 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 Moore's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83255 has both the highest and lowest median property tax rate of 0.45%. Understanding how these areas compare with Moore provides valuable insights into the varying tax landscape across Custer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moore Tax Rate
0.45%
Average Custer County Tax Rate
0.40%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moore, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83255 | 0.32% | 0.36% | 0.45% | 0.66% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Moore, Idaho
In Moore, 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 Custer 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 Moore, 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 Moore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 83255 at $788, which is also the lowest median tax bill in the area.
Average Moore Assessed Value
$187,200
Average Custer County Assessed Value
$172,930
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moore, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83255 | $38,978 | $82,250 | $187,200 | $273,200 | $381,528 |
Source: Ownwell
Property Tax Bills Across Moore, Idaho
In Moore, located in Custer County, ID, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Moore's median home price is $187,200, which provides a useful benchmark for understanding typical tax obligations in the area. For homeowners in Moore, property tax bills can vary significantly. At the 25th percentile, the tax bill is around $332, while at the 75th percentile, it rises to approximately $1,212. For those at the 90th percentile, the tax bill can reach as high as $1,953. These figures illustrate the range of possible tax burdens faced by homeowners, influenced by the assessed value of their properties and the applicable tax rates. Comparatively, the national median property tax rate is 0.99%, highlighting how Moore's property tax landscape fits within the broader national context. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Moore Tax Bill
$788
Average Custer County Tax Bill
$617
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Moore, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83255 | $197 | $332 | $788 | $1,212 | $1,953 |
Source: Ownwell