Blaine County, Idaho Property Taxes
The median property tax rate in Blaine County is 0.35%, 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 Blaine County at $709,430, the typical annual property tax bill is $2,555, slightly below the national median of $2,690. Property taxes in Blaine 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 Blaine 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 Hailey or another part of Blaine County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blaine County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$2,483
$2,304
Ownwell’s Blaine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blaine with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Blaine 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 Blaine County, Idaho
Property taxes in Blaine County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Blaine County is 0.35%, which is lower than both the Idaho state median of 0.69% and the U.S. national median of 0.99%. Local government entities within Blaine County set these rates annually, and they can vary significantly between different areas within the county. Each year, Blaine 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 Minidoka has one of the higher property tax rates in Idaho at 0.80%, while the city of East Magic boasts one of the lowest at 0.41%. Analyzing how Blaine County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Blaine County Tax Rate
0.35%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blaine County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellevue | 0.24% | 0.27% | 0.30% | 0.38% | 0.47% |
| Carey | 0.20% | 0.25% | 0.30% | 0.39% | 0.50% |
| East Magic | N/A | N/A | N/A | N/A | N/A |
| Gannett | 0.16% | 0.19% | 0.23% | 0.34% | 0.42% |
| Hailey | 0.24% | 0.28% | 0.32% | 0.38% | 0.46% |
| Ketchum | 0.27% | 0.31% | 0.36% | 0.42% | 0.47% |
| Minidoka | N/A | N/A | N/A | N/A | N/A |
| Picabo | 0.23% | 0.26% | 0.37% | 0.38% | 0.53% |
| Rupert | N/A | N/A | N/A | N/A | N/A |
| Sawtooth City | N/A | N/A | N/A | N/A | N/A |
| Shoshone | N/A | N/A | N/A | N/A | N/A |
| Sun Valley | 0.32% | 0.36% | 0.40% | 0.42% | 0.47% |
| West Magic | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Blaine County, Idaho
In Blaine 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 Blaine 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 Blaine 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, Sun Valley has the highest median tax bill at $3,995, while West Magic has the lowest at $257. Being aware of these valuation processes in Blaine County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Blaine County Assessed Value
$709,430
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blaine County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellevue | $10,776 | $109,979 | $438,130 | $700,311 | $1,219,074 |
| Carey | $8,430 | $102,707 | $270,116 | $419,652 | $935,022 |
| East Magic | N/A | N/A | N/A | N/A | N/A |
| Gannett | $60,779 | $254,540 | $306,219 | $443,260 | $638,996 |
| Hailey | $337,896 | $462,250 | $668,654 | $1,114,467 | $2,143,602 |
| Ketchum | $285,141 | $530,070 | $1,056,128 | $1,923,334 | $3,552,082 |
| Minidoka | N/A | N/A | N/A | N/A | N/A |
| Picabo | $112,534 | $139,508 | $322,166 | $415,369 | $552,601 |
| Rupert | N/A | N/A | N/A | N/A | N/A |
| Sawtooth City | N/A | N/A | N/A | N/A | N/A |
| Shoshone | N/A | N/A | N/A | N/A | N/A |
| Sun Valley | $351,000 | $574,922 | $991,768 | $2,073,684 | $3,576,924 |
| West Magic | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Blaine County, Idaho
In Blaine 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 then multiplied by the local tax rate to determine the annual tax bill. Factors such as location, property size, and market conditions influence the assessed value. For instance, the median home price in Blaine County is $709,430, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile pay around $1,463, while those in the 75th percentile see tax bills of about $5,050. At the higher end, the 90th percentile tax bill can reach up to $9,709. The highest median tax bill in the county is found in Sun Valley at $3,995, whereas the lowest is in West Magic at $257. Compared to the national median property tax rate of 0.99%, Blaine County's rates can significantly impact homeowners, especially in high-value areas.
Average Blaine County Tax Bill
$2,555
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Blaine County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellevue | $38 | $363 | $1,394 | $2,301 | $3,894 |
| Carey | $39 | $329 | $808 | $1,386 | $2,954 |
| East Magic | N/A | N/A | N/A | N/A | N/A |
| Gannett | $113 | $424 | $828 | $1,363 | $1,839 |
| Hailey | $1,097 | $1,548 | $2,273 | $3,570 | $6,581 |
| Ketchum | $923 | $2,059 | $3,854 | $6,901 | $12,247 |
| Minidoka | N/A | N/A | N/A | N/A | N/A |
| Picabo | $414 | $542 | $1,050 | $1,365 | $2,003 |
| Rupert | N/A | N/A | N/A | N/A | N/A |
| Sawtooth City | N/A | N/A | N/A | N/A | N/A |
| Shoshone | N/A | N/A | N/A | N/A | N/A |
| Sun Valley | $1,307 | $2,316 | $3,995 | $8,018 | $13,433 |
| West Magic | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell