Garden Valley, Idaho Property Taxes
The median property tax rate in Garden Valley, ID is 0.37%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $471,882 in Garden Valley, the typical annual property tax bill amounts to $1,788, which is well below the national median of $2,690. Property taxes in Garden Valley are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Garden Valley'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 Garden Valley or another part of Boise County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garden Valley, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$1,746
$1,620
Ownwell’s Garden Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garden Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garden Valley 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 Garden Valley, Idaho
Property taxes in Garden Valley, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garden Valley is 0.37%, which is significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Garden Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garden Valley 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 Garden Valley'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 not specified, but understanding how these cities compare with Garden Valley provides valuable insights into the varying tax landscape across Boise County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garden Valley Tax Rate
0.37%
Average Boise County Tax Rate
0.30%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garden Valley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83622 | 0.27% | 0.28% | 0.37% | 0.41% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Garden Valley, Idaho
In Garden Valley, 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 Boise 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 Garden Valley, 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 highest and lowest median tax bills in Garden Valley, both at $1,788, are found in the 83622 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Garden Valley Assessed Value
$471,882
Average Boise County Assessed Value
$366,025
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garden Valley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83622 | $53,944 | $185,777 | $471,882 | $757,418 | $1,057,748 |
Source: Ownwell
Property Tax Bills Across Garden Valley, Idaho
In Garden Valley, Boise County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value and is used to calculate the tax owed. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the median home price in Garden Valley is $471,882. Homeowners in the area can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,085, while the 75th percentile tax bill is approximately $2,691. For those in the 90th percentile, the tax bill can reach up to $3,669. Notably, the median tax bill in the 83622 ZIP code stands at $1,788, which is lower than the national median property tax rate of 0.99%. These variations can impact homeowners' finances, making it essential to understand how local property taxes are calculated and what factors contribute to the final bill.
Average Garden Valley Tax Bill
$1,788
Average Boise County Tax Bill
$1,257
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Garden Valley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83622 | $611 | $1,085 | $1,788 | $2,691 | $3,669 |
Source: Ownwell