Pollock, Idaho Property Taxes
The median property tax rate in Pollock, ID is 0.37%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $60,789 in Pollock, the typical annual property tax bill comes to $298, well below the national median of $2,690. Property taxes in Pollock are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pollock'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 Pollock or another part of Adams County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pollock, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$225
$209
Ownwell’s Pollock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pollock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pollock 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 Pollock, Idaho
Property taxes in Pollock, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pollock is 0.37%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Pollock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pollock 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 Pollock's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate within Idaho is found in zip code 83702, with a rate of 0.89%, while zip code 83201 has the lowest median tax rate of 0.25%. Understanding how these cities compare with Pollock 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 Pollock Tax Rate
0.37%
Average Adams County Tax Rate
0.34%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pollock, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83547 | 0.33% | 0.35% | 0.37% | 0.39% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Pollock, Idaho
In Pollock, 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 Pollock, 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 Pollock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $298, are found in zip code 83547. The 25th percentile tax bill is $275, while the 75th percentile tax bill is $321, and the 90th percentile tax bill is $334.
Average Pollock Assessed Value
$60,789
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 Pollock, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83547 | $36,820 | $45,808 | $60,789 | $83,306 | $96,817 |
Source: Ownwell
Property Tax Bills Across Pollock, Idaho
Property tax bills in Pollock, Adams County, ID, are determined based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor's office. Homeowners in Pollock can expect their property tax bills to reflect these assessed values, combined with the local tax rate set by various taxing authorities such as school districts and municipal services. For homeowners in Pollock, the median home price stands at $60,789. Property tax bills vary across different percentiles, with the 25th percentile at $275, the 75th percentile at $321, and the 90th percentile reaching $334. The highest and lowest median tax bills in the area are both $298, indicating a relatively consistent tax burden across the region. Compared to the national median property tax rate of 0.99%, Pollock's property tax rates provide a balanced approach, ensuring essential services are funded while keeping the tax burden manageable for homeowners.
Average Pollock Tax Bill
$298
Average Adams County Tax Bill
$657
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Pollock, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83547 | $262 | $275 | $298 | $321 | $334 |
Source: Ownwell