Logan, Idaho Property Taxes
The median property tax rate in Logan, Idaho is 0.40%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Logan at $112,914, the typical annual property tax bill amounts to $459, well below the national median of $2,690. Property taxes in Logan are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Logan'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 Logan 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
Logan, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$452
$419
Ownwell’s Logan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Logan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Logan 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 Logan, Idaho
Property taxes in Logan, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Logan is 0.65%, significantly lower than the U.S. national median of 0.99%. Local government entities within Logan set these rates annually, and they can vary across different neighborhoods. Each year, Logan 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 Logan's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Bonneville County is 0.65%, while the lowest median tax rate is also 0.65%. Understanding how these cities compare with Logan provides valuable insights into the varying tax landscape across Bonneville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Logan Tax Rate
0.40%
Average Bonneville County Tax Rate
0.46%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Logan, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84341 | 0.39% | 0.39% | 0.40% | 0.41% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Logan, Idaho
In Logan, 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 Bonneville County Assessor 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 Logan, 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 Logan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Logan is $459.00 in the 84341 zip code, which is also the lowest median tax bill for the area.
Average Logan Assessed Value
$112,914
Average Bonneville County Assessed Value
$349,759
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Logan, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84341 | $85,013 | $95,476 | $112,914 | $130,352 | $140,815 |
Source: Ownwell
Property Tax Bills Across Logan, Idaho
In Logan, located in Bonneville County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the home's market value. Various factors, such as property size, location, and improvements, influence this assessment. Homeowners in Logan experience property tax bills that vary significantly. For instance, the tax bill at the 25th percentile is $378, while at the 75th percentile, it rises to $540, and at the 90th percentile, it reaches $589. These figures show the range of property tax burdens within the city. Comparing these values to the national median property tax rate of 0.99%, Logan's property taxes can be considered relatively moderate, providing some relief for homeowners. However, the impact on homeowners depends on their property's specific assessed value and the corresponding tax rate, making it crucial for them to understand how their individual tax bill is determined.
Average Logan Tax Bill
$459
Average Bonneville County Tax Bill
$1,646
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Logan, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84341 | $330 | $378 | $459 | $540 | $589 |
Source: Ownwell