Boise, Idaho Property Taxes
The median property tax rate in Boise, Idaho is 0.73%, 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 $414,500 in Boise, the typical annual property tax bill reaches $2,994, slightly above the national median of $2,690. Property taxes in Boise are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Boise'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 Boise or another part of Ada County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boise, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$3,026
$2,808
Ownwell’s Boise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boise 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 Boise, Idaho
Property taxes in Boise, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boise is 0.73%, which is below the U.S. national median of 0.99%. Local government entities within Boise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boise 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 Boise's effective property tax rate to other areas in Ada County and the national median. For comparison, the 83716 zip code has the highest median property tax rate of 0.86%, while the 83709 zip code has the lowest median tax rate of 0.54%. Understanding how these areas compare with Boise provides valuable insights into the varying tax landscape across Ada County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boise Tax Rate
0.73%
Average Ada County Tax Rate
0.58%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boise, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83702 | 0.71% | 0.77% | 0.86% | 0.95% | 1.05% |
| 83703 | 0.62% | 0.68% | 0.76% | 0.87% | 0.98% |
| 83704 | 0.54% | 0.60% | 0.71% | 0.80% | 0.97% |
| 83705 | 0.62% | 0.68% | 0.75% | 0.89% | 1.03% |
| 83706 | 0.67% | 0.75% | 0.83% | 0.95% | 1.05% |
| 83709 | 0.36% | 0.40% | 0.54% | 0.72% | 0.86% |
| 83712 | 0.72% | 0.78% | 0.85% | 0.93% | 1.01% |
| 83713 | 0.53% | 0.56% | 0.61% | 0.67% | 0.81% |
| 83714 | 0.41% | 0.61% | 0.71% | 0.79% | 0.96% |
| 83716 | 0.65% | 0.76% | 0.86% | 0.99% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Boise, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Boise, 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 Ada 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 Boise, 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. For instance, the highest median tax bill in Boise is $5,520 in zip code 83712, while the lowest median tax bill is $2,172 in zip code 83709. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Boise Assessed Value
$414,500
Average Ada County Assessed Value
$433,000
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boise, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83702 | $374,940 | $483,400 | $625,000 | $822,550 | $1,108,240 |
| 83703 | $310,380 | $359,000 | $428,900 | $560,450 | $762,180 |
| 83704 | $282,500 | $319,900 | $357,450 | $421,700 | $526,130 |
| 83705 | $271,000 | $306,400 | $356,500 | $429,750 | $549,320 |
| 83706 | $291,400 | $352,600 | $430,300 | $552,300 | $728,000 |
| 83709 | $310,600 | $346,200 | $397,100 | $470,200 | $557,900 |
| 83712 | $429,100 | $530,200 | $647,700 | $843,300 | $1,210,600 |
| 83713 | $311,380 | $339,600 | $392,400 | $485,100 | $579,940 |
| 83714 | $303,200 | $361,100 | $458,200 | $644,000 | $805,160 |
| 83716 | $346,500 | $396,700 | $521,800 | $664,700 | $827,800 |
Source: Ownwell
Property Tax Bills Across Boise, Idaho
In Boise, located in Ada County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Various factors influence this valuation, including the home's location, size, and condition. Once the assessed value is established, the tax rate, which is set by local taxing authorities, is applied to determine the annual property tax bill. Homeowners in Boise experience a range of property tax bills. For instance, the 25th percentile tax bill stands at $2,157, while the 75th percentile reaches $4,269. At the higher end, the 90th percentile tax bill can soar to $6,310, reflecting the variation in property values across different neighborhoods. The highest median tax bill in the area is $5,520 in the 83712 zip code, whereas the lowest is $2,172 in the 83709 zip code. These property taxes directly impact homeowners' annual budgets, influencing decisions related to homeownership and real estate investments.
Average Boise Tax Bill
$2,994
Average Ada County Tax Bill
$2,663
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Boise, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83702 | $2,919 | $3,984 | $5,396 | $7,313 | $10,140 |
| 83703 | $2,003 | $2,577 | $3,319 | $4,575 | $6,547 |
| 83704 | $1,714 | $2,104 | $2,559 | $3,196 | $4,060 |
| 83705 | $1,775 | $2,211 | $2,818 | $3,612 | $4,586 |
| 83706 | $2,069 | $2,821 | $3,699 | $4,749 | $6,521 |
| 83709 | $1,195 | $1,596 | $2,172 | $3,084 | $3,975 |
| 83712 | $3,352 | $4,314 | $5,520 | $7,408 | $10,822 |
| 83713 | $1,746 | $2,003 | $2,517 | $3,159 | $3,874 |
| 83714 | $1,441 | $2,457 | $3,218 | $4,338 | $5,641 |
| 83716 | $2,371 | $3,166 | $4,524 | $6,560 | $8,360 |
Source: Ownwell