Star, Idaho Property Taxes
The median property tax rate in STAR, ID is 0.50%, which aligns with the Idaho state median but is notably lower than the national median of 0.99%. With the median home value in STAR at $469,350, the typical annual property tax bill amounts to $2,388, falling short of the national median of $2,690. Property taxes in STAR are determined based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of STAR's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of STAR or another part of the city, comprehending the local property tax regulations will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Star, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$2,347
$2,178
Ownwell’s STAR Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in STAR with just two simple inputs. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR to give you an accurate estimate of your property tax bill. This valuable tool provides a clear understanding of your potential tax liabilities. For those interested in more detailed information, localized trends are available further down the page. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Star, Idaho
Property taxes in STAR, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in STAR 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 STAR set these rates annually, and they can vary significantly across different neighborhoods. Each year, STAR 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 STAR's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83669 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 STAR 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 Star Tax Rate
0.50%
Average Ada County Tax Rate
0.58%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Star, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83669 | 0.34% | 0.44% | 0.50% | 0.55% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Star, Idaho
In STAR, 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 Ada 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 STAR, 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 STAR helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2,388 in the 83669 zip code.
Average Star Assessed Value
$469,350
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 Star, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83669 | $306,590 | $386,975 | $469,350 | $616,825 | $752,870 |
Source: Ownwell
Property Tax Bills Across Star, Idaho
In STAR, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. For homeowners in Ada County, the median home price is $469,350. The assessed value is typically a percentage of this market value, influenced by factors such as property condition, location, and market trends. The local tax rate in STAR is applied to this assessed value to calculate the annual tax bill. Homeowners in STAR experience a range of property tax bills. The 25th percentile tax bill stands at $1,767, while the 75th percentile reaches $3,219. For those at the 90th percentile, the tax bill can go up to $4,085. The highest and lowest median tax bills in the area are both recorded at $2,388 in the 83669 zip code. Compared to the national median property tax rate of 0.99%, STAR's property tax rates and bills reflect the local real estate market and the assessed values, impacting homeowners' annual financial responsibilities significantly.
Average Star Tax Bill
$2,388
Average Ada County Tax Bill
$2,663
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Star, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83669 | $850 | $1,767 | $2,388 | $3,219 | $4,085 |
Source: Ownwell