Dingle, Bear Lake County, Idaho Property Taxes
The median property tax rate in Dingle, Idaho is 0.33%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Dingle, the typical annual property tax bill reaches $872, significantly below the national median of $2,690. Property taxes in Dingle are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dingle'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 Dingle or another part of Bear Lake County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dingle, Bear Lake County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$760
$705
Ownwell’s Dingle Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dingle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dingle 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 Dingle, Bear Lake County, Idaho
Property taxes in Dingle, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dingle is 0.33%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Dingle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dingle 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 Dingle'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 0.69%, while the lowest median tax rate is 0.33%. Understanding how these cities compare with Dingle provides valuable insights into the varying tax landscape across Bear Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dingle Tax Rate
0.33%
Average Bear Lake County Tax Rate
0.36%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dingle, Bear Lake County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83233 | 0.24% | 0.24% | 0.33% | 0.43% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Dingle, Bear Lake County, Idaho
In Dingle, 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 Bear Lake 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 Dingle, 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 Dingle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $872 in the 83233 zip code.
Property Tax Assessment Values Across Dingle, Bear Lake County, Idaho
Source: Ownwell
$207,892
$356,474
$505,055
Average Dingle Assessed Value
$230,194
Average Bear Lake County Assessed Value
$278,628
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dingle, Bear Lake County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83233 | $144,795 | $175,028 | $230,194 | $349,845 | $423,407 |
Source: Ownwell
Property Tax Bills Across Dingle, Bear Lake County, Idaho
In Dingle, Bear Lake County, property tax bills are calculated by assessing the market value of a home and applying the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value based on various factors such as location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Homeowners in Dingle can expect property tax bills to vary significantly. For example, the 25th percentile of tax bills is around $561, while the 75th percentile reaches $1,025. At the higher end, the 90th percentile of tax bills is approximately $1,374. These figures indicate a range of tax burdens, reflecting differences in property values and specific assessments. Compared to the national median property tax rate of 0.99%, Dingle’s property tax bills provide a unique perspective on how local assessments and tax rates impact homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Dingle Tax Bill
$872
Average Bear Lake County Tax Bill
$1,081
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Dingle, Bear Lake County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83233 | $469 | $561 | $872 | $1,025 | $1,374 |
Source: Ownwell