Ucon, Idaho Property Taxes
The median property tax rate in Ucon, ID is 0.35%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Ucon at $281,574, the typical annual property tax bill reaches $1,053, well below the national median of $2,690. Property taxes in Ucon 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 Ucon'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 Ucon or another part of Bonneville County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ucon, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$986
$915
Ownwell’s UCON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UCON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UCON 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 Ucon, Idaho
Property taxes in UCON, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in UCON is 0.35%, which is notably lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within UCON set these rates annually, and they can vary significantly across different neighborhoods. Each year, UCON 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 UCON's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is found in 83702, with a rate of 0.89%, while the lowest median tax rate is in 83201, at 0.31%. Understanding how these cities compare with UCON 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 Ucon Tax Rate
0.35%
Average Bonneville County Tax Rate
0.46%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ucon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83454 | 0.31% | 0.32% | 0.35% | 0.40% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Ucon, Idaho
In UCON, 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 UCON, 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 UCON helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in UCON both stand at $1,053, specifically within the 83454 zip code, highlighting the uniformity in property tax assessments in the area.
Average Ucon Assessed Value
$281,574
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 Ucon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83454 | $182,432 | $235,615 | $281,574 | $340,121 | $423,360 |
Source: Ownwell
Property Tax Bills Across Ucon, Idaho
In Ucon, 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 is a percentage of the property's market value, reflecting current real estate conditions. Once the assessed value is established, local tax rates are applied to calculate the property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For example, the median home price in Ucon is $281,574, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $774, while those in the 75th percentile face bills closer to $1,330. At the 90th percentile, taxes can reach up to $1,792. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Ucon's tax rates are relatively moderate, making it a potentially attractive area for homeowners looking for a balance between property value and tax obligations.
Average Ucon Tax Bill
$1,053
Average Bonneville County Tax Bill
$1,646
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Ucon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83454 | $591 | $774 | $1,053 | $1,330 | $1,792 |
Source: Ownwell