Oldtown, Bonner County, Idaho Property Taxes

Name: Property Tax Bills Across Oldtown, Bonner County, Idaho
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Oldtown, ID effective property tax rate: 0.23%, significantly lower than the national median of 1.02%, but lower than the Idaho state median of 0.50%.
Median Oldtown, ID home value: $332,395
Median annual Oldtown, ID tax bill: $811, $1,589 lower than the national median property tax bill of $2,400.

How are property taxes in Bonner calculated?

Property taxes in Oldtown, ID are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Oldtown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oldtown, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Oldtown, Bonner County, Idaho Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.23%

Estimate Property Tax Bill

$765

$709

Ownwell’s Oldtown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oldtown with just two data points. By entering your property's estimated assessed value, our calculator applies Oldtown’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bonner County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Oldtown, Bonner County, Idaho

Local government entities set tax rates, which can vary widely within a state. This variability is because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

Below, you can compare Oldtown’s effective property tax rate to other cities in Idaho and the median property tax rates in Idaho and the U.S. Oldtown, located in Bonner County, boasts an effective property tax rate that is notably lower than both the national median property tax rate of 1.02% and the Idaho state median of 0.63%. This lower rate can translate to significant savings for property owners in Oldtown compared to those in areas with higher rates. By understanding these differences, property owners in Oldtown can better appreciate the advantages of their location and make informed decisions regarding property investments and appeals.

Property Tax Rates Across Oldtown, Bonner County, Idaho

Source: Ownwell

0.23%

0.39%

0.55%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Oldtown Tax Rate

0.23%

Median Effective Bonner County Tax Rate

0.34%

Median Effective Idaho Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Oldtown, Bonner County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
83822	0.17%	0.21%	0.23%	0.34%	0.52%

Source: Ownwell

Property Tax Assessment Values Across Oldtown, Bonner County, Idaho

When examining property taxes in Oldtown, Idaho, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bonner County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Bonner County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Oldtown. For example, the median home price in Oldtown is $332,395, with tax bills ranging significantly across the county. Zip code 83822 has the highest median home price at $332,395.

Property Tax Assessment Values Across Oldtown, Bonner County, Idaho

Source: Ownwell

$300,660

$597,441

$894,222

Median Oldtown Market Value

$332,395

Median Bonner County Market Value

$479,353

Median Idaho Market Value

$374,698

Median United States Market Value

$235,294

Property Tax Assessment Values Across Oldtown, Bonner County, Idaho

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
83822	$57,581	$199,342	$332,395	$471,636	$620,905

Source: Ownwell

Property Tax Bills Across Oldtown, Bonner County, Idaho

In Oldtown, Bonner County, Idaho, 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 property tax bill. Factors such as changes in market conditions and property improvements can influence the assessed value, impacting the homeowner's tax bill. In Oldtown, property tax bills can vary significantly, with the 25th percentile at $424 and the 90th percentile reaching $1,635. Comparatively, the national median property tax bill stands at $2,400, highlighting the relatively lower tax burden in this region. However, even with lower rates, homeowners can still benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell provides expert property tax appeal services, helping homeowners navigate the complexities of the tax system to potentially reduce their tax bills. By leveraging local market data and expertise, Ownwell can identify discrepancies in assessments and secure savings for homeowners.

Property Tax Bills Across Oldtown, Bonner County, Idaho

Source: Ownwell

$811

$1,931

$3,051

Median Oldtown Tax Bill

$811

Median Bonner County Tax Bill

$1,672

Median Idaho Tax Bill

$1,894

Median United States Tax Bill

$2,400

Property Tax Bills Across Oldtown, Bonner County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
83822	$234	$424	$811	$1,187	$1,635

Source: Ownwell