Grand View, Idaho Property Taxes
The median property tax rate in Grand View, ID is 0.37%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Grand View, the typical annual property tax bill is $586, well below the national median of $2,690. Property taxes in Grand View 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 Grand View'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 Grand View 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
Grand View, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$683
Ownwell’s Grand View Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand View with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand View 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 Grand View, Idaho
Property taxes in Grand View, Idaho, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand View is 0.65%, which is higher than the Idaho state median of 0.69% but lower than the U.S. national median of 0.99%. Local government entities within Grand View set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand View 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 Grand View's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83617 zip code has the highest median property tax rate of 0.75%, while the 83623 zip code has the lowest median tax rate of 0.55%. Understanding how these cities compare with Grand View provides valuable insights into the varying tax landscape across Elmore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grand View Tax Rate
0.37%
Average Elmore County Tax Rate
0.50%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand View, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83624 | 0.29% | 0.34% | 0.37% | 0.65% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Grand View, Idaho
In Grand View, 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 Elmore 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 Grand View, 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 Grand View helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Elmore County is $586 in zip code 83624, which is the same as the lowest median tax bill in the county.
Average Grand View Assessed Value
$184,652
Average Elmore County Assessed Value
$276,790
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grand View, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83624 | $43,269 | $122,120 | $184,652 | $241,424 | $370,766 |
Source: Ownwell
Property Tax Bills Across Grand View, Idaho
In Grand View, located in Elmore 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 and is typically a percentage of the home's market value. For instance, with a median home price of $184,652, the assessed value significantly influences the final tax bill. Homeowners in Grand View can expect their property tax bills to vary. For example, the 25th percentile tax bill is around $414, while the 75th percentile tax bill reaches approximately $1507. At the 90th percentile, tax bills can go up to $1775. These figures indicate a range in tax burdens, largely dependent on the specific assessed value of each property. The highest median tax bill in the area is $586, found in the zip code 83624, which aligns with the lowest median tax bill, suggesting a uniform tax rate across different properties. This tax structure impacts homeowners by influencing their annual expenses and potentially affecting property market dynamics in the region.
Average Grand View Tax Bill
$586
Average Elmore County Tax Bill
$1,251
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand View, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83624 | $194 | $414 | $586 | $1,507 | $1,775 |
Source: Ownwell