Naples, Boundary County, Idaho Property Taxes
The median property tax rate in Naples, Idaho is 0.34%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $397,580 in Naples, the typical annual property tax bill is $1,354, well below the national median of $2,690. Property taxes in Naples are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Naples' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Naples 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
Naples, Boundary County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$1,352
$1,254
Ownwell’s Naples Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Naples with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Naples 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 Naples, Boundary County, Idaho
Property taxes in Naples, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naples is 0.34%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Naples set these rates annually, and they can vary significantly across different neighborhoods. Each year, Naples 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 Naples'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 zip code 83849 with a rate of 0.73%, while the lowest median tax rate is in zip code 83805 with a rate of 0.29%. Understanding how these cities compare with Naples provides valuable insights into the varying tax landscape across Boundary County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Naples Tax Rate
0.34%
Average Boundary County Tax Rate
0.33%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Naples, Boundary County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83847 | 0.28% | 0.31% | 0.34% | 0.47% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Naples, Boundary County, Idaho
In Naples, 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 Boundary 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 Naples, 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 Naples helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Naples is $1,354 in zip code 83847, while the lowest median tax bill is also $1,354 in the same zip code.
Property Tax Assessment Values Across Naples, Boundary County, Idaho
Source: Ownwell
$243,895
$320,738
$397,580
Average Naples Assessed Value
$397,580
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 Naples, Boundary County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83847 | $65,590 | $243,350 | $397,580 | $571,850 | $766,364 |
Source: Ownwell
Property Tax Bills Across Naples, Boundary County, Idaho
Property tax bills in Naples, located in Boundary County, Idaho, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the market value of the property. Homeowners in Naples can expect their property tax bills to vary significantly depending on the value of their homes. For instance, properties within the 25th percentile have tax bills around $792, while those in the 75th percentile see bills closer to $1,954. At the 90th percentile, tax bills can reach up to $2,821. The median home price in Naples is $397,580, and the property tax rate in Boundary County aligns closely with the national median rate of 0.99%. This means that homeowners in Naples generally experience property tax bills that are comparable to the national average. However, factors such as property improvements, neighborhood developments, and changes in local tax rates can further influence individual tax bills. Understanding these elements can help homeowners better anticipate their annual property tax obligations.
Average Naples Tax Bill
$1,354
Average Boundary County Tax Bill
$1,244
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Naples, Boundary County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83847 | $311 | $792 | $1,354 | $1,954 | $2,821 |
Source: Ownwell