Hazelton, Idaho Property Taxes
The median property tax rate in Hazelton, Idaho is 0.71%, which is lower than the national median of 0.99% but higher than the Idaho state median of 0.50%. With a median home value of $147,058 in Hazelton, the typical annual property tax bill amounts to $1,080, falling below the national median of $2,690. Property taxes in Hazelton are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Hazelton'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 Hazelton 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
Hazelton, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,044
Ownwell’s Hazelton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hazelton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hazelton 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 Hazelton, Idaho
Property taxes in Hazelton, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hazelton is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Hazelton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hazelton 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 Hazelton's effective property tax rate to other areas in Idaho and the national median. For comparison, the zip code 83335 has both the highest and lowest median property tax rate of 0.71%, matching Hazelton's rate. Understanding how these areas compare with Hazelton provides valuable insights into the varying tax landscape across Jerome County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hazelton Tax Rate
0.71%
Average Jerome County Tax Rate
0.79%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hazelton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83335 | 0.47% | 0.59% | 0.71% | 1.00% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Hazelton, Idaho
In Hazelton, 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 Jerome 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 Hazelton, 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 Hazelton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Hazelton is 83335, with a median tax bill of $1080.
Average Hazelton Assessed Value
$147,058
Average Jerome County Assessed Value
$180,486
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hazelton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83335 | $40,629 | $93,355 | $147,058 | $207,168 | $305,152 |
Source: Ownwell
Property Tax Bills Across Hazelton, Idaho
In Hazelton, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and improvements can influence a home's assessed value. For instance, a median home price in Hazelton is $147,058, with tax bills ranging widely. Homeowners in the 25th percentile pay around $650 annually, while those in the 75th percentile face bills of approximately $1656. At the 90th percentile, tax bills can reach up to $2277. Comparatively, the national median property tax rate is 0.99%, and Hazelton's rates reflect a similar structure, though individual bills can vary significantly. These property taxes fund essential community services like schools, public safety, and infrastructure, directly impacting homeowners by contributing to the quality of life and property values in the area. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Hazelton Tax Bill
$1,080
Average Jerome County Tax Bill
$1,457
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Hazelton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83335 | $307 | $650 | $1,080 | $1,656 | $2,277 |
Source: Ownwell