Santa, Idaho Property Taxes
The median property tax rate in Santa, Idaho, is 0.55%, which is higher than the state median of 0.50% but still below the national median of 0.99%. With a median home value in Santa of $96,100, the typical annual property tax bill is approximately $521, significantly lower than the national median of $2,690. Property taxes in Santa 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 Santa'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 Santa 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
Santa, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$529
$490
Ownwell’s SANTA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SANTA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SANTA 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 Santa, Idaho
Property taxes in Santa, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Santa is 0.55%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Santa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Santa 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 Santa's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83866 zip code has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Santa 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 Santa Tax Rate
0.55%
Average Benewah County Tax Rate
0.47%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Santa, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83866 | 0.23% | 0.36% | 0.55% | 0.67% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Santa, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Santa, Idaho. 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 Santa, 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 Santa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Santa is $521.00 in zip code 83866, which is also the lowest median tax bill in the area.
Average Santa Assessed Value
$96,100
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 Santa, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83866 | $5,382 | $28,652 | $96,100 | $252,162 | $362,880 |
Source: Ownwell
Property Tax Bills Across Santa, Idaho
In Santa, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value. For homeowners in Santa, the tax bill can vary significantly. The median home price is $96,100, and property tax bills range widely. At the 25th percentile, homeowners might pay around $216, while those at the 75th percentile could see bills as high as $1,052. The highest median tax bill in the area is $521, found in the 83866 zip code. Comparatively, the national median property tax rate is 0.99%, highlighting that Santa homeowners might experience lower or higher tax bills depending on their property's assessed value and specific local rates. This variability can significantly impact homeowners' annual budgets and financial planning.
Average Santa Tax Bill
$521
Average Benewah County Tax Bill
$762
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Santa, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83866 | $89 | $216 | $521 | $1,052 | $1,578 |
Source: Ownwell