Shelley, Idaho Property Taxes
The median property tax rate in Shelley, ID is 0.43%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Shelley at $317,910, the typical annual property tax bill reaches $1,182, significantly below the national median of $2,690. Property taxes in Shelley 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 Shelley'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 Shelley 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
Shelley, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,367
$1,269
Ownwell’s Shelley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shelley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shelley 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 Shelley, Idaho
Property taxes in Shelley, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shelley is 0.43%, which is significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Shelley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shelley 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 Shelley's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83274 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 Shelley 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 Shelley 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 Shelley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83274 | 0.31% | 0.33% | 0.43% | 0.60% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Shelley, Idaho
In Shelley, 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 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 Shelley, 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 Shelley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Shelley are both $1,182, found in zip code 83274.
Average Shelley Assessed Value
$317,910
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 Shelley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83274 | $20,351 | $167,940 | $317,910 | $430,426 | $553,339 |
Source: Ownwell
Property Tax Bills Across Shelley, Idaho
In Shelley, located in Bonneville County, ID, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, the median home price in Shelley is $317,910, and the property tax rate in this region is relatively low compared to the national median property tax rate of 0.99%. Homeowners in Shelley experience a range of tax bills. The 25th percentile tax bill is $648, while the 75th percentile tax bill reaches $2,011, and the 90th percentile tax bill can be as high as $3,219. These varying amounts reflect differences in property values and individual assessments. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Shelley Tax Bill
$1,182
Average Bonneville County Tax Bill
$1,646
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Shelley, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83274 | $207 | $648 | $1,182 | $2,011 | $3,219 |
Source: Ownwell