Moreland, Idaho Property Taxes
The median property tax rate in Moreland, Idaho is 0.70%, which is higher than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Moreland, the typical annual property tax bill reaches $310, significantly lower than the national median of $2,690. Property taxes in Moreland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moreland'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 Moreland or another part of Bingham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moreland, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$310
Ownwell’s Moreland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moreland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moreland 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 Moreland, Idaho
Property taxes in Moreland, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moreland is 0.70%, which is lower than both the Idaho state median of 0.75% and the U.S. national median of 0.99%. Local government entities within Moreland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moreland 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 Moreland's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83256 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Moreland 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 Moreland Tax Rate
0.70%
Average Bingham County Tax Rate
0.49%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moreland, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83256 | 0.62% | 0.65% | 0.70% | 1.05% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Moreland, Idaho
In Moreland, 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 Moreland, 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. The zip code 83256 has both the highest and lowest median tax bill at $310. Being aware of these valuation processes in Moreland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moreland Assessed Value
$44,350
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 Moreland, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83256 | $10,526 | $23,210 | $44,350 | $70,626 | $86,392 |
Source: Ownwell
Property Tax Bills Across Moreland, Idaho
In Moreland, located in Bingham County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. Homeowners in Moreland experience varying tax bills depending on several factors, including the assessed value and the specific tax rates set by local taxing authorities. For instance, the median home price in Moreland is $44,350. Property tax bills can range significantly, with the 25th percentile tax bill at $169 and the 75th percentile tax bill at $448. The highest median tax bill recorded in the area is $310, which is also the lowest, indicating a relatively narrow range in median tax bills for the region. These property tax bills directly impact homeowners by influencing their annual financial obligations. Compared to the national median property tax rate of 0.99%, Moreland's property tax rates can be considered quite moderate, making it an appealing location for homeowners looking for lower property tax liabilities.
Average Moreland Tax Bill
$310
Average Bingham County Tax Bill
$1,085
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Moreland, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83256 | $85 | $169 | $310 | $448 | $531 |
Source: Ownwell