Benewah County Property Taxes
The median property tax rate in Benewah County is 0.47%, which is lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Benewah County, the typical annual property tax bill is $762, significantly below the national median of $2,690. Property taxes in Benewah County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Benewah County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in St. Maries or another part of Benewah County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Benewah County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$771
Ownwell’s Benewah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Benewah with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Benewah to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Benewah County, Idaho
Property taxes in Benewah County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Benewah County is 0.47%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Benewah County set these rates annually, and they can vary significantly between different areas within the county. Each year, Benewah County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Worley has one of the higher property tax rates in Idaho at 1.13%, while the city of Desmet boasts one of the lowest at 0.40%. Analyzing how Benewah County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Benewah County Tax Rate
0.47%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benewah County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Desmet | 0.26% | 0.30% | 0.40% | 0.52% | 0.68% |
| Fernwood | 0.21% | 0.36% | 0.56% | 0.75% | 1.49% |
| Plummer | N/A | N/A | N/A | N/A | N/A |
| Saint Maries | 0.27% | 0.37% | 0.45% | 0.66% | 1.04% |
| Santa | 0.23% | 0.36% | 0.55% | 0.67% | 1.45% |
| St Maries | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Tensed | N/A | N/A | N/A | N/A | N/A |
| Worley | 0.57% | 0.78% | 1.13% | 1.48% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Benewah County, Idaho
In Benewah County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Benewah Appraisal District. The assessed value, however, 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. Assessment notices in Benewah County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Benewah County, cities like St Maries have the highest median tax bill at $1,226, while Fernwood has the lowest at $494. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Benewah County Assessed Value
$164,078
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benewah County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Desmet | $6,906 | $67,608 | $187,030 | $346,545 | $478,042 |
| Fernwood | $6,502 | $30,100 | $95,890 | $181,976 | $267,791 |
| Plummer | N/A | N/A | N/A | N/A | N/A |
| Saint Maries | $11,307 | $78,798 | $193,814 | $314,966 | $475,922 |
| Santa | $5,382 | $28,652 | $96,100 | $252,162 | $362,880 |
| St Maries | $241,760 | $241,760 | $241,760 | $241,760 | $241,760 |
| Tensed | N/A | N/A | N/A | N/A | N/A |
| Worley | $35,904 | $74,461 | $138,722 | $202,984 | $241,540 |
Source: Ownwell
Property Tax Bills Across Benewah County, Idaho
In Benewah County, ID, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $164,078, homeowners can expect their tax bills to vary significantly. Factors such as property location, improvements, and market conditions play a crucial role in determining the final tax bill. Tax bills in Benewah County show a wide range. At the 25th percentile, homeowners may pay around $335, while those in the 75th percentile could see bills as high as $1,362. The 90th percentile tax bill reaches up to $2,112. Notably, St. Maries has the highest median tax bill at $1,226, whereas Fernwood has the lowest at $494. These variations affect homeowners by influencing their annual financial planning and the overall affordability of homeownership in the county. Compared to the national median property tax rate of 0.99%, Benewah County offers a diverse range of tax burdens for its residents.
Average Benewah County Tax Bill
$762
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Benewah County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Desmet | $258 | $480 | $777 | $1,345 | $1,849 |
| Fernwood | $123 | $214 | $494 | $824 | $1,205 |
| Plummer | N/A | N/A | N/A | N/A | N/A |
| Saint Maries | $147 | $424 | $860 | $1,521 | $2,312 |
| Santa | $89 | $216 | $521 | $1,052 | $1,578 |
| St Maries | $1,226 | $1,226 | $1,226 | $1,226 | $1,226 |
| Tensed | N/A | N/A | N/A | N/A | N/A |
| Worley | $282 | $424 | $660 | $897 | $1,039 |
Source: Ownwell