Saint Maries, Idaho Property Taxes
The median property tax rate in Saint Maries, ID is 0.45%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Saint Maries at $193,814, the typical annual property tax bill is approximately $860, well below the national median of $2,690. Property taxes in Saint Maries 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 Saint Maries' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Maries 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
Saint Maries, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$872
Ownwell’s Saint Maries Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Maries with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Maries 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 Saint Maries, Idaho
Property taxes in Saint Maries, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Maries is 0.45%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Maries set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Maries 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 Saint Maries' effective property tax rate to other areas in Benewah County and the national median. For comparison, the zip code 83861 has both the highest and lowest median property tax rate in the area at 0.45%. Understanding how these figures compare with Saint Maries provides valuable insights into the varying tax landscape across Benewah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Maries Tax Rate
0.45%
Average Benewah County Tax Rate
0.47%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Maries, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | 0.27% | 0.37% | 0.45% | 0.66% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Saint Maries, Idaho
In Saint Maries, 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 Benewah 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 Saint Maries, 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 Saint Maries helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83861 has both the highest and lowest median tax bill at $860.
Average Saint Maries Assessed Value
$193,814
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 Saint Maries, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | $11,307 | $78,798 | $193,814 | $314,966 | $475,922 |
Source: Ownwell
Property Tax Bills Across Saint Maries, Idaho
In Saint Maries, located in Benewah 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 $193,814. Property taxes are determined by multiplying the assessed value by the local tax rate. In Saint Maries, the property tax rate is relatively low compared to the national median of 0.99%. For homeowners, this means that the tax bill can vary significantly. For instance, at the 25th percentile, homeowners pay around $424, while at the 75th percentile, the tax bill can be as high as $1,521. Those in the 90th percentile might see a tax bill of up to $2,312. These figures illustrate how property taxes can influence the cost of homeownership, impacting household budgets and financial planning. The highest and lowest median tax bills in the area are both $860, reflecting a consistent application of property tax rates across different properties.
Average Saint Maries Tax Bill
$860
Average Benewah County Tax Bill
$762
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Maries, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | $147 | $424 | $860 | $1,521 | $2,312 |
Source: Ownwell