Saint Paul, Idaho Property Taxes
The median property tax rate in Saint Paul, Idaho is 0.99%, aligning with the national median of 0.99% but significantly higher than the Idaho state median of 0.50%. With the median home value in Saint Paul at $571,832, the typical annual property tax bill reaches $5,686, far exceeding the national median of $2,690. Property taxes in Saint Paul 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 Saint Paul'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 Saint Paul 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
Saint Paul, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$5,661
$5,253
Ownwell’s Saint Paul Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Paul with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Paul 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 Saint Paul, Idaho
Property taxes in Saint Paul, Idaho, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Paul is 0.70%, lower than both the Idaho state median of 0.69% and the U.S. national median of 0.99%. Local government entities within Saint Paul set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Paul 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 Saint Paul's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83401 zip code has the highest median property tax rate of 0.70%, while the 83401 zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Saint Paul 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 Saint Paul Tax Rate
0.99%
Average Bonneville County Tax Rate
0.46%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Paul, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55125 | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Saint Paul, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Saint Paul, 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 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 Saint Paul, 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 Saint Paul helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 55125, with a tax bill of $5,686, and the lowest median tax bill is also in zip code 55125, with the same amount.
Average Saint Paul Assessed Value
$571,832
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 Saint Paul, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55125 | $571,832 | $571,832 | $571,832 | $571,832 | $571,832 |
Source: Ownwell
Property Tax Bills Across Saint Paul, Idaho
In Saint Paul, Idaho, property tax bills are calculated based on the assessed value of a home, which is determined by the Bonneville County Assessor's Office. The assessed value typically reflects a percentage of the property's market value. Several factors influence the final tax bill, including the property's location, size, and any improvements or modifications made to it. For instance, with a median home price of $571,832, homeowners in Saint Paul can expect a median tax bill of $5,686. This figure is consistent across various percentiles, indicating a stable property tax environment. The tax rate in Saint Paul is notably higher than the national median property tax rate of 0.99%, highlighting the importance of understanding local tax obligations. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners must budget for these taxes as part of their overall housing costs to avoid any financial surprises.
Average Saint Paul Tax Bill
$5,686
Average Bonneville County Tax Bill
$1,646
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Paul, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55125 | $5,686 | $5,686 | $5,686 | $5,686 | $5,686 |
Source: Ownwell