Boundary County, Idaho Property Taxes
The median property tax rate in Boundary County is 0.33%, which is significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Boundary County, the typical annual property tax bill amounts to $1,244, considerably below the national median of $2,690. Property taxes in Boundary County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Boundary County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Bonners Ferry or another part of Boundary County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boundary County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,215
$1,127
Ownwell’s Boundary County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Boundary County with just 2 data points. Enter your property's estimated assessed value, our calculator applies the median tax rate in Boundary County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Boundary County, Idaho
Property taxes in Boundary County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Boundary County is 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Boundary County set these rates annually, and they can vary significantly between different areas within the county. Each year, Boundary County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Boundary County's effective property tax rate with other counties in Idaho and the national median. For comparison, the city of Copeland has one of the higher property tax rates in Idaho at 0.49%, while the city of Sandpoint boasts one of the lowest at 0.42%. Analyzing how Boundary County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Boundary County Tax Rate
0.33%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boundary County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonners Ferry | 0.26% | 0.28% | 0.32% | 0.44% | 0.66% |
| Copeland | 0.32% | 0.37% | 0.49% | 0.58% | 1.36% |
| Eastport | N/A | N/A | N/A | N/A | N/A |
| Moyie Springs | 0.26% | 0.28% | 0.30% | 0.45% | 1.42% |
| Naples | 0.28% | 0.31% | 0.34% | 0.47% | 0.63% |
| Porthill | N/A | N/A | N/A | N/A | N/A |
| Sandpoint | 0.27% | 0.32% | 0.42% | 0.48% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Boundary County, Idaho
In Boundary County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Boundary County Appraisal District. The assessed value, however, 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. Assessment notices in Boundary County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Boundary County, the city with the highest median tax bill is Naples at $1,354, while Eastport has the lowest at $735. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Boundary County Assessed Value
$368,060
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boundary County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonners Ferry | $95,130 | $235,690 | $374,000 | $546,670 | $732,510 |
| Copeland | $21,329 | $59,708 | $243,895 | $298,292 | $484,086 |
| Eastport | N/A | N/A | N/A | N/A | N/A |
| Moyie Springs | $16,406 | $179,640 | $339,125 | $515,820 | $695,850 |
| Naples | $65,590 | $243,350 | $397,580 | $571,850 | $766,364 |
| Porthill | N/A | N/A | N/A | N/A | N/A |
| Sandpoint | $11,822 | $205,130 | $293,764 | $530,570 | $704,430 |
Source: Ownwell
Property Tax Bills Across Boundary County, Idaho
In Boundary County, Idaho, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made. For homeowners in Boundary County, the median home price is $368,060. Property tax bills can vary significantly, with the 25th percentile at $713 and the 75th percentile reaching $1,820. At the higher end, the 90th percentile tax bill is $2,474. Comparatively, the highest median tax bill within the county is in Naples at $1,354, while Eastport has the lowest median tax bill at $735. These property taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life for homeowners. Understanding how these factors interplay can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Boundary County Tax Bill
$1,244
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Boundary County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonners Ferry | $321 | $753 | $1,272 | $1,847 | $2,469 |
| Copeland | $277 | $386 | $1,151 | $1,266 | $1,908 |
| Eastport | N/A | N/A | N/A | N/A | N/A |
| Moyie Springs | $238 | $514 | $1,011 | $1,622 | $2,225 |
| Naples | $311 | $792 | $1,354 | $1,954 | $2,821 |
| Porthill | N/A | N/A | N/A | N/A | N/A |
| Sandpoint | $230 | $731 | $1,207 | $1,817 | $2,709 |
Source: Ownwell