Placerville, Idaho Property Taxes
The median property tax rate in Placerville, Idaho is 0.60%, 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 $140,484 in Placerville, the typical annual property tax bill amounts to $816, which is substantially below the national median of $2,690. Property taxes in Placerville 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 Placerville'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 Placerville 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
Placerville, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$843
Ownwell’s Placerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Placerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Placerville 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 Placerville, Idaho
Property taxes in Placerville, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Placerville is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Placerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Placerville 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 Placerville's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83666 zip code has the highest median property tax rate of 0.60%, while the 83666 zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Placerville 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 Placerville Tax Rate
0.60%
Average Boise County Tax Rate
0.30%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Placerville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83666 | 0.29% | 0.41% | 0.60% | 0.67% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Placerville, Idaho
In Placerville, 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 Placerville, 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 Placerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 83666 has both the highest and lowest median tax bill at $816.
Average Placerville Assessed Value
$140,484
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 Placerville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83666 | $24,353 | $61,660 | $140,484 | $270,905 | $365,261 |
Source: Ownwell
Property Tax Bills Across Placerville, Idaho
In Placerville, Boise County, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. The median home price in Placerville stands at $140,484, and the property tax rate in Boise County is competitive compared to the national median rate of 0.99%. Homeowners in Placerville can expect their tax bills to vary widely. For instance, the 25th percentile tax bill is around $541, while those in the 75th percentile pay about $1,464. At the 90th percentile, the tax bill can reach up to $1,952. These variations are influenced by factors such as property location, improvements, and local levies for schools or infrastructure. Understanding how these elements interact helps homeowners budget effectively and anticipate changes in their annual property tax obligations. This knowledge is crucial for financial planning, especially given the significant impact property taxes can have on overall homeownership costs.
Average Placerville Tax Bill
$816
Average Boise County Tax Bill
$1,257
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Placerville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83666 | $397 | $541 | $816 | $1,464 | $1,952 |
Source: Ownwell