Sagle, Idaho Property Taxes
The median property tax rate in Sagle, ID is 0.35%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Sagle at $581,174, the typical annual property tax bill reaches $2,109, which is below the national median of $2,690. Property taxes in Sagle are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sagle'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 Sagle or another part of Bonner County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sagle, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$2,034
Ownwell’s Sagle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sagle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sagle 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 Sagle, Idaho
Property taxes in Sagle, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sagle is 0.35%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Sagle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sagle 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 Sagle's effective property tax rate to other counties in Idaho and the national median. Understanding how these cities compare with Sagle provides valuable insights into the varying tax landscape across Bonner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sagle Tax Rate
0.35%
Average Bonner County Tax Rate
0.34%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sagle, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83860 | 0.29% | 0.32% | 0.35% | 0.45% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Sagle, Idaho
In Sagle, 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 Bonner 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 Sagle, 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. The median home price in Sagle stands at $581,174, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $1,264, while at the 75th percentile, it rises to $3,520. Notably, the highest median tax bill in Sagle is $2,109, found in the 83860 zip code, which is also the lowest median tax bill in the area. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sagle Assessed Value
$581,174
Average Bonner County Assessed Value
$479,353
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sagle, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83860 | $205,793 | $380,474 | $581,174 | $906,596 | $1,381,552 |
Source: Ownwell
Property Tax Bills Across Sagle, Idaho
In Sagle, located in Bonner County, ID, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor's office, which evaluates the property's market value. Homeowners in Sagle can expect their tax bill to be influenced by factors such as property size, location, and any improvements made to the property. The median home price in Sagle is $581,174, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,264, while the 75th percentile tax bill reaches $3,520. At the higher end, the 90th percentile tax bill is $5,578. These variations indicate how property characteristics and assessed values impact the final tax amount. Compared to the national median property tax rate of 0.99%, Sagle's tax bills reflect the local economic conditions and property values. Understanding these factors helps homeowners anticipate their annual tax obligations, ensuring they are better prepared for financial planning.
Average Sagle Tax Bill
$2,109
Average Bonner County Tax Bill
$1,672
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Sagle, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83860 | $576 | $1,264 | $2,109 | $3,520 | $5,578 |
Source: Ownwell