Aberdeen, Idaho Property Taxes
The median property tax rate in Aberdeen, ID is 0.67%, which is lower than the national median of 0.99% but higher than the Idaho state median of 0.50%. With a median home value of $119,719 in Aberdeen, the typical annual property tax bill amounts to $762, significantly below the national median of $2,690. Property taxes in Aberdeen are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Aberdeen's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Aberdeen 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
Aberdeen, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$802
$744
Ownwell’s Aberdeen Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Aberdeen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aberdeen to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those 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 Aberdeen, Idaho
Property taxes in Aberdeen, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aberdeen is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Aberdeen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aberdeen 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 Aberdeen's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83210 zip code has both the highest and lowest median property tax rate of 0.67%. Understanding how these cities compare with Aberdeen provides valuable insights into the varying tax landscape across Bingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aberdeen Tax Rate
0.67%
Average Bingham County Tax Rate
0.49%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aberdeen, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83210 | 0.42% | 0.61% | 0.67% | 0.97% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Aberdeen, Idaho
In Aberdeen, 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 Bingham 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 Aberdeen, 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. The median home price in Aberdeen is $119,719, with the 25th percentile tax bill at $479 and the 75th percentile tax bill at $1,202. The highest median tax bill in Aberdeen is $762, found in the 83210 zip code. 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 Aberdeen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Aberdeen Assessed Value
$119,719
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 Aberdeen, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83210 | $9,041 | $65,854 | $119,719 | $186,737 | $279,812 |
Source: Ownwell
Property Tax Bills Across Aberdeen, Idaho
Property tax bills in Aberdeen, located in Bingham County, ID, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Factors such as property improvements, market conditions, and neighborhood characteristics can influence this valuation. In Aberdeen, the median home price is $119,719, which is significantly lower than the national median. Homeowners in the area can expect property tax bills that vary widely, with the 25th percentile at $479 and the 75th percentile at $1202. The highest median tax bill in the region is $762, which is consistent across the zip code 83210. These property tax bills are crucial for homeowners as they contribute to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners better manage their finances and anticipate annual expenses.
Average Aberdeen Tax Bill
$762
Average Bingham County Tax Bill
$1,085
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Aberdeen, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83210 | $85 | $479 | $762 | $1,202 | $2,026 |
Source: Ownwell