Indian Valley, Idaho Property Taxes
The median property tax rate in Indian Valley, Idaho is 0.47%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Indian Valley at $160,621, the typical annual property tax bill is $530, which is well below the national median of $2,690. Property taxes in Indian Valley are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Indian Valley'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 Indian Valley or another part of Washington County, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Indian Valley, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$755
Ownwell’s Indian Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Indian Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Indian Valley 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 Indian Valley, Idaho
Property taxes in Indian Valley, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Indian Valley is 0.47%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Indian Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Indian Valley 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 Indian Valley's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83632 zip code has the highest median property tax rate of 0.47%, while the same 83632 zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Indian Valley provides valuable insights into the varying tax landscape across Washington, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Indian Valley Tax Rate
0.47%
Average Washington County Tax Rate
0.53%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Indian Valley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83632 | 0.30% | 0.34% | 0.47% | 0.60% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Indian Valley, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Indian Valley, Idaho. 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 Washington 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. Assessment notices in Indian Valley 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 Indian Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in the area is $530, with the same value for both the highest and lowest median tax bills in zip code 83632.
Average Indian Valley Assessed Value
$160,621
Average Washington County Assessed Value
$218,893
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Indian Valley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83632 | $27,429 | $67,782 | $160,621 | $327,258 | $465,151 |
Source: Ownwell
Property Tax Bills Across Indian Valley, Idaho
In Indian Valley, Washington County, Idaho, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in this area is $160,621. To calculate the tax bill, the assessed value is multiplied by the local tax rate. For Indian Valley, the median property tax rate is significantly lower than the national median of 0.99%. Several factors influence the assessed value of a home, including its market value, location, and any improvements made. Homeowners in Indian Valley can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $430, while the 75th percentile tax bill can reach up to $1,628. At the higher end, the 90th percentile tax bill is approximately $2,139. These variations impact homeowners differently, with those owning higher-valued properties or making significant improvements likely facing higher tax bills. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Indian Valley Tax Bill
$530
Average Washington County Tax Bill
$1,116
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Indian Valley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83632 | $247 | $430 | $530 | $1,628 | $2,139 |
Source: Ownwell