Pingree, Bingham County, Idaho Property Taxes
The median property tax rate in Pingree, Idaho is 0.37%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Pingree, the typical annual property tax bill amounts to $618, which is well below the national median of $2,690. Property taxes in Pingree 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 Pingree'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 Pingree 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
Pingree, Bingham County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$643
$597
Ownwell’s Pingree Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pingree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pingree 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 Pingree, Bingham County, Idaho
Property taxes in Pingree, Idaho, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Pingree is 0.37%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Pingree set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pingree 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 Pingree's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is found in 83702 with a rate of 0.69%, while the lowest median tax rate is in 83440 at 0.27%. Understanding how these cities compare with Pingree 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 Pingree Tax Rate
0.37%
Average Bingham County Tax Rate
0.49%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pingree, Bingham County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83262 | 0.27% | 0.29% | 0.37% | 0.65% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Pingree, Bingham County, Idaho
In Pingree, 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 Pingree, 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 Pingree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in the 83262 zip code is $618, which is the highest and lowest in the area.
Property Tax Assessment Values Across Pingree, Bingham County, Idaho
Source: Ownwell
$9,529
$152,114
$294,698
Average Pingree Assessed Value
$173,808
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 Pingree, Bingham County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83262 | $10,000 | $112,865 | $173,808 | $253,902 | $372,243 |
Source: Ownwell
Property Tax Bills Across Pingree, Bingham County, Idaho
In Pingree, located in Bingham County, ID, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and is typically a percentage of the property's market value. Homeowners in Pingree pay a median property tax rate that is influenced by local government budgets, school funding, and other municipal services. For example, with a median home price of $173,808, property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $366 annually, while those at the 75th percentile could see bills as high as $1,055. The top 10% of property tax bills can reach up to $1,670. This variation reflects differences in property values and the specific needs of local services funded by these taxes. Comparatively, the median property tax bill in Pingree is $618, which is lower than the national median property tax rate of 0.99%. This relatively lower tax burden can make Pingree an attractive location for homeowners looking for affordability in property taxes.
Average Pingree Tax Bill
$618
Average Bingham County Tax Bill
$1,085
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Pingree, Bingham County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83262 | $74 | $366 | $618 | $1,055 | $1,670 |
Source: Ownwell