Indian Valley, Idaho Property Taxes
The median property tax rate in Indian Valley, Idaho is 0.31%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Indian Valley at $113,920, the typical annual property tax bill is $559, well below the national median of $2,690. Property taxes in Indian Valley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Indian Valley'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 Indian Valley 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
Indian Valley, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$353
$328
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Indian Valley is 0.31%, which is lower than both the Idaho state median of 0.69% 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 highest median property tax rate in Idaho is 0.93%, while the lowest median tax rate is 0.31%. Understanding how these cities compare with Indian Valley 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 Indian Valley Tax Rate
0.31%
Average Adams County Tax Rate
0.34%
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 | 0.21% | 0.26% | 0.31% | 0.40% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Indian Valley, Idaho
In Indian Valley, 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 Indian Valley, 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 Indian Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the region is $559, found in zip code 83632, while the lowest median tax bill is also $559 in the same zip code.
Average Indian Valley Assessed Value
$113,920
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 Indian Valley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83632 | $22,810 | $59,813 | $113,920 | $300,012 | $488,114 |
Source: Ownwell
Property Tax Bills Across Indian Valley, Idaho
In Indian Valley, property tax bills are calculated based on the assessed value of a home, which is determined by the Adams County assessor. The assessed value typically reflects the market value of the property. Homeowners in Indian Valley can expect their property tax bills to vary depending on the valuation of their homes and the local tax rate. For instance, with a median home price of $113,920, homeowners might see tax bills ranging from $316 at the 25th percentile to $1,037 at the 75th percentile. These tax bills are influenced by various factors including the property's location, size, and any applicable exemptions. The property tax rate in Indian Valley is competitive compared to the national median property tax rate of 0.99%. Homeowners in this area benefit from relatively lower tax burdens, which can make homeownership more affordable. This can significantly impact household budgets, allowing for more financial flexibility and potentially increasing the attractiveness of the area for new residents.
Average Indian Valley Tax Bill
$559
Average Adams County Tax Bill
$657
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 | $178 | $316 | $559 | $1,037 | $2,314 |
Source: Ownwell