Rockland, Idaho Property Taxes
The median property tax rate in Rockland, Idaho is 0.66%, 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 $136,900 in Rockland, the typical annual property tax bill amounts to $1,112, which is below the national median of $2,690. Property taxes in Rockland are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rockland'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 Rockland 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
Rockland, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$904
Ownwell’s Rockland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockland 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 Rockland, Idaho
Property taxes in Rockland, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockland is 0.66%, lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Rockland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockland 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 Rockland's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83271 zip code has the highest median property tax rate of 0.66%, while the 83271 zip code has the lowest median tax rate of 0.66%. Understanding how these cities compare with Rockland provides valuable insights into the varying tax landscape across Power County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rockland Tax Rate
0.66%
Average Power County Tax Rate
0.72%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockland, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83271 | 0.56% | 0.62% | 0.66% | 1.24% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Rockland, Idaho
In Rockland, 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 Power 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 Rockland, 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. The median home price in Rockland is $136,900, with tax bills ranging significantly. The 25th percentile tax bill is $682, while the 75th percentile tax bill is $1,550. The highest median tax bill, $1,112, is found in the zip code 83271, which also has the lowest median tax bill, illustrating the range within the area. 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 Rockland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rockland Assessed Value
$136,900
Average Power County Assessed Value
$187,674
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rockland, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83271 | $17,555 | $76,297 | $136,900 | $220,700 | $293,420 |
Source: Ownwell
Property Tax Bills Across Rockland, Idaho
In Rockland, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. Homeowners in Rockland, part of Power County, experience property tax rates that vary depending on the assessed value of their property. For instance, the median home price in Rockland is $136,900. At the 25th percentile, homeowners face an annual tax bill of $682, while at the 75th percentile, the tax bill rises to $1,550. Those at the 90th percentile can expect to pay up to $2,812 annually. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Rockland's property taxes can be relatively high or low depending on specific property values and local assessments. For homeowners, this means that understanding the assessed value of their property and any potential exemptions is crucial in managing their annual tax expenses effectively.
Average Rockland Tax Bill
$1,112
Average Power County Tax Bill
$1,630
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockland, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83271 | $394 | $682 | $1,112 | $1,550 | $2,812 |
Source: Ownwell