Newdale, Idaho Property Taxes
The median property tax rate in Newdale, ID is 0.39%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Newdale at $199,906, the typical annual property tax bill is $788, well below the national median of $2,690. Property taxes in Newdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Newdale'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 Newdale or another part of Fremont County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newdale, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$780
Ownwell’s Newdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newdale 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 Newdale, Idaho
Property taxes in Newdale, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newdale is 0.39%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Newdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newdale 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 Newdale's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is found in Fremont County, while the lowest median tax rate is also found within the same county. Understanding how these cities compare with Newdale 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 Newdale Tax Rate
0.39%
Average Fremont County Tax Rate
0.43%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newdale, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83436 | 0.32% | 0.34% | 0.39% | 0.62% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Newdale, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Newdale, 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 Fremont 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 Newdale, 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 Newdale is $199,906, with tax bills ranging from $500 at the 25th percentile to $2,031 at the 90th percentile. The zip code 83436 has both the highest and lowest median tax bill at $788. 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 Newdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Newdale Assessed Value
$199,906
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 Newdale, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83436 | $34,327 | $119,097 | $199,906 | $356,612 | $504,355 |
Source: Ownwell
Property Tax Bills Across Newdale, Idaho
In Newdale, Fremont County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a significant role in the assessed value. For homeowners in Newdale, the median home price stands at $199,906. The property tax rate in Newdale is relatively low compared to the national median property tax rate of 0.99%. Homeowners can expect their tax bills to vary, with the 25th percentile at $500 and the 75th percentile reaching up to $1,410. At the 90th percentile, tax bills can go as high as $2,031. The highest and lowest median tax bills in the area both stand at $788, reflecting a consistent tax environment within the zip code 83436. Understanding these factors helps homeowners anticipate their annual financial obligations and manage their budgets effectively.
Average Newdale Tax Bill
$788
Average Fremont County Tax Bill
$1,250
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Newdale, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83436 | $205 | $500 | $788 | $1,410 | $2,031 |
Source: Ownwell