Council, Adams County, Idaho Property Taxes
The median property tax rate in Council, Idaho is 0.30%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Council at $99,188, the typical annual property tax bill is $568, well below the national median of $2,690. Property taxes in Council 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 Council'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 Council 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
Council, Adams County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$298
$276
Ownwell’s Council Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Council with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Council 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 Council, Adams County, Idaho
Property taxes in Council, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Council is 0.30%, which is significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Council set these rates annually, and they can vary significantly across different neighborhoods. Each year, Council 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 Council's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is found in zip code 83201 with a rate of 1.22%, while the lowest median tax rate is in zip code 83854 at 0.49%. Understanding how these cities compare with Council provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Council Tax Rate
0.30%
Average Adams County Tax Rate
0.34%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Council, Adams County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83612 | 0.20% | 0.24% | 0.30% | 0.39% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Council, Adams County, Idaho
In Council, 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 Adams 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 Council, 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 Council is $99,188. Tax bills can vary significantly, with the 25th percentile at $251 and the 75th percentile at $979. 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 Council helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Council, Adams County, Idaho
Source: Ownwell
$99,188
$149,481
$199,773
Average Council Assessed Value
$99,188
Average Adams County Assessed Value
$123,166
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Council, Adams County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83612 | $13,477 | $37,187 | $99,188 | $233,919 | $384,505 |
Source: Ownwell
Property Tax Bills Across Council, Adams County, Idaho
In Council, located in Adams County, ID, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Council is $99,188, which serves as a basis for determining the tax bill. The assessed value is typically a percentage of the market value of the property. Local tax authorities then apply the tax rate to this assessed value to calculate the annual property tax bill. Factors considered in determining the tax bill include the property's assessed value, any applicable exemptions, and the specific tax rate set by local government entities. For instance, homeowners in the 25th percentile pay around $251 in property taxes, while those in the 75th percentile pay approximately $979. At the 90th percentile, the tax bill can reach up to $1,562. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding how these elements interplay can help homeowners better manage their finances and anticipate their annual tax obligations.
Average Council Tax Bill
$568
Average Adams County Tax Bill
$657
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Council, Adams County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83612 | $123 | $251 | $568 | $979 | $1,562 |
Source: Ownwell