St Maries, Idaho Property Taxes
The median property tax rate in St. Maries, ID is 0.51%, slightly higher than the Idaho state median of 0.50% but still below the national median of 0.99%. With a median home value of $241,760 in St. Maries, the typical annual property tax bill amounts to $1,226, which is significantly lower than the national median of $2,690. Property taxes in St. Maries are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding St. Maries' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of St. Maries or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
St Maries, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,233
$1,144
Ownwell’s St Maries Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in St Maries with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in St 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 St Maries, Idaho
Property taxes in St. Maries, Idaho, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in St. Maries is 0.51%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within St. Maries set these rates annually, and they can vary significantly across different neighborhoods. Each year, St. 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 St. Maries' effective property tax rate to other areas in Idaho and the national median. For comparison, the zip code 83861 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these areas compare with St. 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 St Maries Tax Rate
0.51%
Average Benewah County Tax Rate
0.47%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across St Maries, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across St Maries, Idaho
In St 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 St 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 St Maries helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in St Maries are both $1,226, found in the 83861 zip code.
Average St Maries Assessed Value
$241,760
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 St Maries, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | $241,760 | $241,760 | $241,760 | $241,760 | $241,760 |
Source: Ownwell
Property Tax Bills Across St Maries, Idaho
Property tax bills in St. Maries, located in Benewah County, ID, are calculated based on the assessed value of a property, which is determined by the county assessor. The median home price in this area is $241,760. Property taxes are then levied by multiplying the assessed value by the local tax rate. In St. Maries, the median property tax bill is $1,226, which is consistent across various percentiles, including the 25th, 75th, and 90th. This uniformity suggests a stable tax rate within the region. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. For homeowners, this means that a higher assessed value or fewer exemptions will result in a higher tax bill. Compared to the national median property tax rate of 0.99%, St. Maries offers a competitive rate, providing some relief to homeowners. Understanding these elements can help homeowners anticipate their annual tax obligations and budget accordingly.
Average St Maries Tax Bill
$1,226
Average Benewah County Tax Bill
$762
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across St Maries, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | $1,226 | $1,226 | $1,226 | $1,226 | $1,226 |
Source: Ownwell