Ashton, Idaho Property Taxes
The median property tax rate in Ashton, ID is 0.44%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Ashton, the typical annual property tax bill reaches $1,022, significantly below the national median of $2,690. Property taxes in Ashton 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 Ashton’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 Ashton 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
Ashton, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$1,049
Ownwell’s Ashton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Ashton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ashton to provide an estimated property tax bill. This invaluable tool helps you grasp potential tax liabilities easily. For those interested in neighborhood-level trends, more localized information is available as you scroll down. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Ashton, Idaho
Property taxes in Ashton, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashton is 0.44%, which is significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Ashton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashton 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 Ashton's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83420 has both the highest and lowest median property tax rate of 0.44%. Understanding how these cities compare with Ashton provides valuable insights into the varying tax landscape across Fremont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashton Tax Rate
0.44%
Average Fremont County Tax Rate
0.43%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83420 | 0.26% | 0.30% | 0.44% | 0.52% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Ashton, Idaho
In Ashton, 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 Fremont 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 Ashton, 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 Ashton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1022, found in the 83420 zip code.
Average Ashton Assessed Value
$238,472
Average Fremont County Assessed Value
$277,698
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83420 | $36,126 | $129,593 | $238,472 | $406,406 | $678,246 |
Source: Ownwell
Property Tax Bills Across Ashton, Idaho
In Ashton, located in Fremont County, ID, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by local taxing authorities. For example, with a median home price of $238,472, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the tax bill. In Ashton, the tax bill ranges significantly, with the 25th percentile at $565, the 75th percentile at $1728, and the 90th percentile reaching $2607. These figures illustrate how property taxes can vary widely, impacting homeowners differently. Compared to the national median property tax rate of 0.99%, Ashton’s property tax rates are competitive, offering a relatively affordable tax environment. Homeowners in Ashton benefit from understanding these factors to better anticipate their annual property tax obligations.
Average Ashton Tax Bill
$1,022
Average Fremont County Tax Bill
$1,250
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83420 | $240 | $565 | $1,022 | $1,728 | $2,607 |
Source: Ownwell