Fish Haven, Bear Lake County, Idaho Property Taxes
The median property tax rate in Fish Haven, ID is 0.35%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Fish Haven at $505,055, the typical annual property tax bill is $1,724, which is considerably below the national median of $2,690. Property taxes in Fish Haven are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fish Haven'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 Fish Haven 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
Fish Haven, Bear Lake County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$1,768
$1,640
Ownwell’s Fish Haven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fish Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fish Haven 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 Fish Haven, Bear Lake County, Idaho
Property taxes in Fish Haven, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fish Haven is 0.35%, which is significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Fish Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fish Haven 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 Fish Haven's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate within the state is significantly higher, while other areas may have lower rates. Understanding how these cities compare with Fish Haven 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 Fish Haven Tax Rate
0.35%
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 Fish Haven, Bear Lake County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83287 | 0.26% | 0.33% | 0.35% | 0.37% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Fish Haven, Bear Lake County, Idaho
In Fish Haven, 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 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 Fish Haven, 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 Fish Haven 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 $1,724, found in zip code 83287.
Property Tax Assessment Values Across Fish Haven, Bear Lake County, Idaho
Source: Ownwell
$207,892
$356,474
$505,055
Average Fish Haven Assessed Value
$505,055
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 Fish Haven, Bear Lake County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83287 | $285,285 | $374,493 | $505,055 | $713,456 | $1,160,190 |
Source: Ownwell
Property Tax Bills Across Fish Haven, Bear Lake County, Idaho
In Fish Haven, located in Bear Lake County, ID, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $505,055. The tax bill varies significantly depending on the specific value of the property. For instance, the 25th percentile tax bill is around $1,351, while the 75th percentile tax bill reaches approximately $2,383. At the 90th percentile, homeowners can expect to pay about $3,845. These tax bills are influenced by several factors, including the market value of the property, local budgetary needs, and the overall tax rate set by the county. For comparison, the national median property tax rate is 0.99%. Homeowners in Fish Haven may find their property tax bills to be a significant annual expense, impacting their overall cost of living and financial planning. Understanding these factors can help homeowners better anticipate their yearly tax obligations.
Average Fish Haven Tax Bill
$1,724
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 Fish Haven, Bear Lake County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83287 | $982 | $1,351 | $1,724 | $2,383 | $3,845 |
Source: Ownwell