Howe, Idaho Property Taxes
The median property tax rate in Howe, Idaho is 0.88%, slightly lower than the national median of 0.99% but significantly higher than Idaho's state median of 0.50%. With the median home value in Howe at $253,054, the typical annual property tax bill reaches $1,843, which is below the national median of $2,690. Property taxes in Howe are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Howe'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 Howe or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Howe, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$2,227
Ownwell’s Howe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Howe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Howe 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 Howe, Idaho
Property taxes in Howe, Idaho, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Howe is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Howe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Howe 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 Howe's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83244 has both the highest and lowest median property tax rate at 0.88%. Understanding how these cities compare with Howe provides valuable insights into the varying tax landscape across Butte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Howe Tax Rate
0.88%
Average Butte County Tax Rate
0.85%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howe, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83244 | 0.53% | 0.58% | 0.88% | 0.92% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Howe, Idaho
In Howe, 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 Butte 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. Assessment notices in Howe 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 Howe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Howe, the highest and lowest median tax bills are both $1,843 in the zip code 83244. The 25th percentile tax bill is $1,084, while the 75th percentile tax bill reaches $2,934, with the 90th percentile hitting $3,783.
Average Howe Assessed Value
$253,054
Average Butte County Assessed Value
$125,344
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Howe, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83244 | $99,603 | $139,555 | $253,054 | $346,432 | $484,036 |
Source: Ownwell
Property Tax Bills Across Howe, Idaho
In Howe, Butte County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. The property tax rate in Howe is influenced by local government budgets and needs, which can vary annually. Homeowners in Howe can expect their property tax bills to fall within a range, with the 25th percentile at $1,084 and the 75th percentile at $2,934. The 90th percentile tax bill can reach as high as $3,783. These figures are significant when compared to the national median property tax rate of 0.99%. For homeowners, this means that their financial obligations can vary widely based on the assessed value of their property and the specific tax rate applied. Understanding these factors is crucial for homeowners to anticipate and manage their annual property tax bills effectively.
Average Howe Tax Bill
$1,843
Average Butte County Tax Bill
$1,276
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Howe, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83244 | $843 | $1,084 | $1,843 | $2,934 | $3,783 |
Source: Ownwell