Moore, Idaho Property Taxes
The median property tax rate in Moore, Idaho is 0.59%, which is considerably lower than the national median of 0.99% but higher than the Idaho state median of 0.50%. With a median home value of $191,562 in Moore, the typical annual property tax bill amounts to $1,274, significantly less than the national median of $2,690. Property taxes in Moore are calculated based on the tax-assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Moore'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 Moore 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
Moore, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$1,130
Ownwell’s Moore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moore 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 Moore, Idaho
Property taxes in Moore, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moore is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Moore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moore 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 Moore's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83255 has both the highest and lowest median property tax rate of 0.59%. Understanding how these cities compare with Moore 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 Moore Tax Rate
0.59%
Average Butte County Tax Rate
0.85%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moore, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83255 | 0.46% | 0.50% | 0.59% | 0.89% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Moore, Idaho
In Moore, 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 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 Moore, 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 Moore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Moore is $191,562, with the 25th percentile tax bill at $854 and the 75th percentile tax bill at $1,764. The highest and lowest median tax bills are both $1,274 in zip code 83255.
Average Moore Assessed Value
$191,562
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 Moore, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83255 | $32,793 | $100,184 | $191,562 | $278,444 | $345,857 |
Source: Ownwell
Property Tax Bills Across Moore, Idaho
In Moore, Butte County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Moore is $191,562. To determine the tax bill, the assessed value is multiplied by the local tax rate. For instance, Moore's property tax bills range significantly, with the 25th percentile at $854 and the 75th percentile at $1764, indicating a substantial variation depending on the property's assessed value and applicable exemptions. The 90th percentile tax bill can reach up to $2439. These variations can impact homeowners differently, especially when compared to the national median property tax rate of 0.99%. For instance, a homeowner in Moore might pay a median tax bill of $1274, which is relatively moderate compared to other regions. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly, ensuring they are well-prepared for their property tax responsibilities.
Average Moore Tax Bill
$1,274
Average Butte County Tax Bill
$1,276
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Moore, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83255 | $621 | $854 | $1,274 | $1,764 | $2,439 |
Source: Ownwell