Bingham County Property Taxes
The median property tax rate in Bingham County is 0.49%, which is significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Bingham County at $255,122, the typical annual property tax bill reaches $1,085, which is well below the national median of $2,690. Property taxes in Bingham 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 Bingham 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 Blackfoot or another part of Bingham County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bingham County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,250
$1,160
Ownwell’s Bingham County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bingham County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bingham County 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 Bingham County, Idaho
Property taxes in Bingham County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bingham County is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Bingham County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bingham 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 Ammon has one of the higher property tax rates in Idaho at 1.16%, while the city of Idaho Falls boasts one of the lowest at 0.41%. Analyzing how Bingham County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bingham County Tax Rate
0.49%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bingham County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aberdeen | 0.42% | 0.61% | 0.67% | 0.97% | 1.54% |
| American Falls | 0.41% | 0.42% | 0.72% | 0.85% | 0.90% |
| Ammon | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
| Atomic City | 0.26% | 0.49% | 0.54% | 0.72% | 1.29% |
| Basalt | 0.23% | 0.30% | 0.31% | 0.58% | 0.73% |
| Blackfoot | 0.29% | 0.34% | 0.49% | 0.63% | 1.21% |
| Firth | 0.26% | 0.31% | 0.37% | 0.58% | 0.83% |
| Fort Hall | N/A | N/A | N/A | N/A | N/A |
| Idaho Falls | 0.31% | 0.34% | 0.41% | 0.61% | 0.68% |
| Moreland | 0.62% | 0.65% | 0.70% | 1.05% | 1.26% |
| Pingree | 0.27% | 0.29% | 0.37% | 0.65% | 0.95% |
| Pocatello | N/A | N/A | N/A | N/A | N/A |
| Shelley | 0.29% | 0.36% | 0.43% | 0.54% | 0.85% |
| Springfield | 0.40% | 0.42% | 0.50% | 0.84% | 0.95% |
| Sterling | 0.84% | 0.84% | 0.85% | 0.86% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Bingham County, Idaho
In Bingham 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 Bingham County 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 Bingham 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. For instance, Shelley has the highest median tax bill at $1,285, while Moreland has the lowest at $310. Being aware of these valuation processes in Bingham County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Bingham County Assessed Value
$255,122
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bingham County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aberdeen | $9,041 | $65,854 | $119,719 | $186,737 | $279,812 |
| American Falls | $31,174 | $90,226 | $176,898 | $200,168 | $343,530 |
| Ammon | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 |
| Atomic City | $2,000 | $2,956 | $9,529 | $26,878 | $49,934 |
| Basalt | $18,408 | $140,153 | $191,373 | $252,793 | $289,467 |
| Blackfoot | $30,200 | $171,218 | $260,599 | $350,583 | $444,328 |
| Firth | $16,580 | $137,394 | $256,922 | $366,494 | $461,398 |
| Fort Hall | N/A | N/A | N/A | N/A | N/A |
| Idaho Falls | $50,775 | $91,104 | $281,711 | $351,531 | $425,150 |
| Moreland | $10,526 | $23,210 | $44,350 | $70,626 | $86,392 |
| Pingree | $10,000 | $112,865 | $173,808 | $253,902 | $372,243 |
| Pocatello | N/A | N/A | N/A | N/A | N/A |
| Shelley | $54,180 | $230,380 | $293,030 | $399,211 | $533,504 |
| Springfield | $17,100 | $54,440 | $115,155 | $170,695 | $224,907 |
| Sterling | $30,204 | $69,822 | $115,272 | $184,051 | $265,662 |
Source: Ownwell
Property Tax Bills Across Bingham County, Idaho
In Bingham County, Idaho, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in the county is $255,122. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location and its assessed value, which is periodically updated to reflect market conditions. Homeowners in Bingham County experience a range of tax bills. At the 25th percentile, tax bills are around $581, while at the 75th percentile, they rise to $1,656. The tax bill at the 90th percentile can reach up to $2,385. In Shelley, the highest median tax bill is $1,285, whereas in Moreland, the lowest median tax bill is $310. This range demonstrates how property location within the county significantly impacts the tax burden. Compared to the national median property tax rate of 0.99%, Bingham County's rates can vary widely, affecting homeowners differently based on their property's assessed value and location.
Average Bingham County Tax Bill
$1,085
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Bingham County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aberdeen | $85 | $479 | $762 | $1,202 | $2,026 |
| American Falls | $306 | $437 | $878 | $1,470 | $2,152 |
| Ammon | $56 | $56 | $56 | $56 | $56 |
| Atomic City | $13 | $19 | $52 | $135 | $211 |
| Basalt | $52 | $296 | $591 | $856 | $1,175 |
| Blackfoot | $173 | $626 | $1,127 | $1,704 | $2,389 |
| Firth | $113 | $508 | $878 | $1,417 | $1,941 |
| Fort Hall | N/A | N/A | N/A | N/A | N/A |
| Idaho Falls | $285 | $576 | $1,025 | $1,489 | $1,813 |
| Moreland | $85 | $169 | $310 | $448 | $531 |
| Pingree | $74 | $366 | $618 | $1,055 | $1,670 |
| Pocatello | N/A | N/A | N/A | N/A | N/A |
| Shelley | $205 | $803 | $1,285 | $1,854 | $2,656 |
| Springfield | $101 | $211 | $591 | $837 | $1,793 |
| Sterling | $271 | $630 | $1,003 | $1,557 | $2,240 |
Source: Ownwell