Rigby, Idaho Property Taxes
The median property tax rate in Rigby, ID is 0.43%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Rigby at $310,540, the typical annual property tax bill amounts to $931, which is well below the national median of $2,690. Property taxes in Rigby are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Rigby'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 Rigby or another part of Bonneville County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rigby, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,335
Ownwell’s Rigby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rigby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rigby 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 Rigby, Idaho
Property taxes in Rigby, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rigby is 0.43%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Rigby set these rates annually, and they can vary across different neighborhoods. Each year, Rigby 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 Rigby's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83442 has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with Rigby 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 Rigby Tax Rate
0.43%
Average Bonneville County Tax Rate
0.46%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rigby, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83442 | 0.23% | 0.27% | 0.43% | 0.57% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Rigby, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rigby, Idaho. 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 Rigby, 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 Rigby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rigby are both $931.00, found in the 83442 zip code.
Average Rigby Assessed Value
$310,540
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 Rigby, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83442 | $51,843 | $167,564 | $310,540 | $379,572 | $552,694 |
Source: Ownwell
Property Tax Bills Across Rigby, Idaho
In Rigby, Idaho, property tax bills are determined by applying the county's tax rate to the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by the Bonneville County Assessor's Office. Homeowners in Rigby can expect their property tax bills to vary significantly based on the value of their property and the specific tax rate applied. For instance, the median home price in Rigby is $310,540. Property tax bills can range widely, with the 25th percentile at $463 and the 75th percentile at $1,852. At the higher end, the 90th percentile tax bill reaches $3,177. In the zip code 83442, the median tax bill stands consistently at $931.00, reflecting the local tax rate's impact. Compared to the national median property tax rate of 0.99%, Rigby's property tax rates can be considered moderate. These taxes significantly impact homeowners, influencing their overall cost of living and potentially affecting property values and market dynamics in the area.
Average Rigby Tax Bill
$931
Average Bonneville County Tax Bill
$1,646
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Rigby, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83442 | $186 | $463 | $931 | $1,852 | $3,177 |
Source: Ownwell