Keuterville, Idaho Property Taxes
The median property tax rate in Keuterville, Idaho is 0.31%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Keuterville at $152,532, the typical annual property tax bill comes to $687, far below the national median of $2,690. Property taxes in Keuterville are calculated based on the assessed value, which is often less than the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Keuterville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Keuterville or another part of Idaho County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keuterville, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$473
Ownwell’s Keuterville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keuterville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keuterville 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 Keuterville, Idaho
Property taxes in Keuterville, Idaho, play a crucial role in supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keuterville is 0.31%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Keuterville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keuterville 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 Keuterville's effective property tax rate to other counties in Idaho and the national median. Understanding how Keuterville's property tax rate compares with other areas provides valuable insights into the varying tax landscape across Idaho County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keuterville Tax Rate
0.31%
Average Idaho County Tax Rate
0.27%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keuterville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83522 | 0.25% | 0.28% | 0.31% | 0.46% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Keuterville, Idaho
In Keuterville, 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 Idaho 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 Keuterville, 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 Keuterville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Keuterville is $152,532, with tax bills ranging from $548 at the 25th percentile to $866 at the 90th percentile. Notably, the zip code 83522 has both the highest and lowest median tax bills at $687.
Average Keuterville Assessed Value
$152,532
Average Idaho County Assessed Value
$208,696
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keuterville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83522 | $15,831 | $67,730 | $152,532 | $266,228 | $311,027 |
Source: Ownwell
Property Tax Bills Across Keuterville, Idaho
In Keuterville, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property, reflecting its worth in the current real estate market. For homeowners in Keuterville, the median home price is $152,532. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property characteristics, local tax rates, and any applicable exemptions. In Keuterville, the tax bill ranges from $548 at the 25th percentile to $739 at the 75th percentile, with the 90th percentile reaching $866. These figures highlight how property taxes can vary significantly within the community. Compared to the national median property tax rate of 0.99%, Keuterville's property tax bills are relatively moderate, offering some relief to homeowners. Understanding these factors helps residents anticipate their tax obligations and manage their finances effectively.
Average Keuterville Tax Bill
$687
Average Idaho County Tax Bill
$670
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Keuterville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83522 | $354 | $548 | $687 | $739 | $866 |
Source: Ownwell