Stone, Idaho Property Taxes
The median property tax rate in STONE, ID is 0.58%, which is below the national median of 0.99% but slightly above the Idaho state median of 0.50%. With a median home value in STONE of $108,217, the typical annual property tax bill amounts to $674, considerably less than the national median of $2,690. Property taxes in STONE are based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating STONE's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of STONE or another part of Oneida County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Stone, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$628
Ownwell’s STONE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STONE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STONE 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 Stone, Idaho
Property taxes in Stone, Idaho, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stone is 0.58%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Stone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stone 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 Stone's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83252 zip code has both the highest and lowest median property tax rate of 0.58%. Understanding how these cities compare with Stone provides valuable insights into the varying tax landscape across Oneida County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stone Tax Rate
0.58%
Average Oneida County Tax Rate
0.65%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stone, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83252 | 0.46% | 0.51% | 0.58% | 0.77% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Stone, Idaho
In STONE, 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 Oneida 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 STONE, 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 STONE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83252 has the highest and lowest median tax bill, both at $674.
Average Stone Assessed Value
$108,217
Average Oneida County Assessed Value
$194,076
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stone, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83252 | $32,817 | $69,600 | $108,217 | $179,138 | $249,726 |
Source: Ownwell
Property Tax Bills Across Stone, Idaho
In Stone, located in Oneida County, ID, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in Stone is $108,217, and property taxes are calculated based on this assessed value. Factors such as property size, location, and improvements can influence the assessed value, and consequently, the tax bill. Homeowners in Stone can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is around $503, while the 75th percentile tax bill reaches $984. At the higher end, the 90th percentile tax bill can be as much as $1,305. These variations highlight the impact of individual property assessments on tax obligations. Comparatively, the national median property tax rate is 0.99%, making Stone's property tax environment relatively moderate. This means that while some homeowners may face higher bills, others benefit from lower taxes, balancing the overall tax burden for the community.
Average Stone Tax Bill
$674
Average Oneida County Tax Bill
$1,237
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Stone, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83252 | $327 | $503 | $674 | $984 | $1,305 |
Source: Ownwell