Pocatello, Idaho Property Taxes
The median property tax rate in Pocatello, ID is 0.72%, which is lower than the national median of 0.99% but higher than the Idaho state median of 0.50%. With the median home value in Pocatello at $269,379, the typical annual property tax bill reaches $2,009, still below the national median of $2,690. Property taxes in Pocatello 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 Pocatello'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 Pocatello 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
Pocatello, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,940
$1,800
Ownwell’s Pocatello Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pocatello with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pocatello 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 Pocatello, Idaho
Property taxes in Pocatello, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pocatello is 0.72%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Pocatello set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pocatello 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 Pocatello's effective property tax rate to other areas in Idaho and the national median. For comparison, the 83201 zip code has the highest median property tax rate of 0.74%, while the 83202 zip code has the lowest median tax rate of 0.69%. Understanding how these areas compare with Pocatello provides valuable insights into the varying tax landscape across Bannock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pocatello Tax Rate
0.72%
Average Bannock County Tax Rate
0.67%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pocatello, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83201 | 0.52% | 0.63% | 0.74% | 0.93% | 1.23% |
| 83202 | 0.26% | 0.48% | 0.69% | 0.86% | 1.08% |
| 83204 | 0.29% | 0.52% | 0.70% | 0.94% | 1.22% |
| 83205 | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% |
| 83206 | 0.13% | 0.15% | 0.20% | 0.28% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Pocatello, Idaho
In Pocatello, 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 Bannock 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 Pocatello, 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 Pocatello is $269,379, with property tax bills ranging from $1,242 at the 25th percentile to $4,307 at the 90th percentile. The highest median tax bill is $2,054 in the 83201 zip code, while the lowest median tax bill is $342 in the 83206 zip code. 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 Pocatello helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pocatello Assessed Value
$269,379
Average Bannock County Assessed Value
$263,380
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pocatello, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83201 | $163,647 | $215,533 | $265,002 | $343,677 | $489,408 |
| 83202 | $53,334 | $192,640 | $293,832 | $390,413 | $500,440 |
| 83204 | $54,908 | $171,354 | $250,250 | $370,541 | $512,770 |
| 83205 | $32,208 | $32,208 | $32,208 | $32,208 | $32,208 |
| 83206 | $113,195 | $139,471 | $183,264 | $208,361 | $223,419 |
Source: Ownwell
Property Tax Bills Across Pocatello, Idaho
In Pocatello, located in Bannock County, ID, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For homeowners in Pocatello, the median home price is $269,379, and tax bills can vary significantly. For instance, tax bills at the 25th percentile are around $1,242, while those at the 75th percentile reach up to $3,065. The 90th percentile sees tax bills as high as $4,307. The highest median tax bill in the area is $2,054 in the 83201 zip code, while the lowest median tax bill is $342 in the 83206 zip code. These variations in property tax bills can impact homeowners differently, influencing decisions on property investments and financial planning.
Average Pocatello Tax Bill
$2,009
Average Bannock County Tax Bill
$1,810
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Pocatello, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83201 | $913 | $1,401 | $2,054 | $3,058 | $4,426 |
| 83202 | $191 | $830 | $2,049 | $3,101 | $4,123 |
| 83204 | $182 | $1,018 | $1,824 | $3,028 | $4,363 |
| 83205 | $97 | $97 | $97 | $97 | $97 |
| 83206 | $278 | $302 | $342 | $352 | $358 |
Source: Ownwell