Kingston, Idaho Property Taxes
The median property tax rate in Kingston, Idaho is 0.50%, aligning with the Idaho state median but significantly lower than the national median of 0.99%. With a median home value of $232,392 in Kingston, the typical annual property tax bill amounts to $1,219, well below the national median of $2,690. Property taxes in Kingston are calculated based on the tax-assessed value, which often falls below market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kingston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kingston or another part of Shoshone County, comprehending the local property tax framework benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Kingston, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,162
Ownwell’s Kingston Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingston 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 Kingston, Idaho
Property taxes in Kingston, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingston is 0.50%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Kingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingston 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 Kingston's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83839 zip code has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Kingston provides valuable insights into the varying tax landscape across Shoshone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingston Tax Rate
0.50%
Average Shoshone County Tax Rate
0.56%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingston, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83839 | 0.33% | 0.41% | 0.50% | 0.61% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Kingston, Idaho
In Kingston, 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 Shoshone 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 Kingston, 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. For example, the median home price in Kingston is $232,392, with tax bills ranging from $575 at the 25th percentile to $2,934 at the 90th percentile. The zip code 83839 has the highest median tax bill at $1,219. Being aware of these valuation processes in Kingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kingston Assessed Value
$232,392
Average Shoshone County Assessed Value
$166,384
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingston, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83839 | $28,697 | $89,175 | $232,392 | $386,586 | $552,033 |
Source: Ownwell
Property Tax Bills Across Kingston, Idaho
In Kingston, located in Shoshone County, Idaho, 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 tax rate set by local taxing authorities. For Kingston, the median home price stands at $232,392. Homeowners in Kingston can expect their property tax bills to vary significantly. For instance, at the 25th percentile, the tax bill is around $575, while at the 75th percentile, it rises to approximately $2,038. The 90th percentile tax bill can reach up to $2,934. A variety of factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. These tax bills directly impact homeowners by influencing their overall housing costs and potentially affecting their ability to afford their homes. Understanding these factors is crucial for homeowners to manage their finances effectively and anticipate future tax obligations.
Average Kingston Tax Bill
$1,219
Average Shoshone County Tax Bill
$991
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingston, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83839 | $213 | $575 | $1,219 | $2,038 | $2,934 |
Source: Ownwell