Fruitvale, Idaho Property Taxes
The median property tax rate in Fruitvale, Idaho is 0.27%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Fruitvale at $198,346, the typical annual property tax bill amounts to $527, well below the national median of $2,690. Property taxes in Fruitvale are calculated based on the assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fruitvale'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 Fruitvale or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fruitvale, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$536
$497
Ownwell’s Fruitvale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fruitvale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fruitvale 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 Fruitvale, Idaho
Property taxes in Fruitvale, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fruitvale is 0.61%, significantly lower than the U.S. national median of 0.99%. Local government entities within Fruitvale set these rates annually, and they can vary across different neighborhoods. Each year, Fruitvale 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 Fruitvale'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 1.35%, while the lowest median tax rate is in zip code 83254 at 0.35%. Understanding how these cities compare with Fruitvale 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 Fruitvale Tax Rate
0.27%
Average Adams County Tax Rate
0.34%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fruitvale, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83612 | 0.21% | 0.22% | 0.27% | 0.33% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Fruitvale, Idaho
In Fruitvale, 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 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 Fruitvale, 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 Fruitvale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $527, found in zip code 83612.
Average Fruitvale Assessed Value
$198,346
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 Fruitvale, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83612 | $14,762 | $57,139 | $198,346 | $456,135 | $592,799 |
Source: Ownwell
Property Tax Bills Across Fruitvale, Idaho
In Fruitvale, Adams County, ID, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by county assessors. For instance, with a median home price of $198,346, the property tax bill can vary significantly. Homeowners in the 25th percentile might pay around $413 annually, while those in the 75th percentile could see bills as high as $1,262. At the 90th percentile, tax bills can reach up to $2,019. These variations are influenced by factors such as property type, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Fruitvale's rates suggest a relatively moderate property tax environment. Homeowners must budget for these taxes, as they directly impact the overall cost of owning property. Understanding these factors can help residents better anticipate their financial obligations and plan accordingly.
Average Fruitvale Tax Bill
$527
Average Adams County Tax Bill
$657
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Fruitvale, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83612 | $220 | $413 | $527 | $1,262 | $2,019 |
Source: Ownwell