Hill City, Idaho Property Taxes
The median property tax rate in Hill City, Idaho is 0.46%, which is significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Hill City at $237,785, the typical annual property tax bill amounts to $753, well below the national median of $2,690. Property taxes in Hill City are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Hill City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hill City or another part of the area, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hill City, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$1,094
$1,015
Ownwell’s HILL CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HILL CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HILL CITY 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 Hill City, Idaho
Property taxes in Hill City, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hill City is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Hill City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hill City 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 Hill City's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83337 zip code has the highest median property tax rate of 0.46%, while the same zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Hill City provides valuable insights into the varying tax landscape across Camas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hill City Tax Rate
0.46%
Average Camas County Tax Rate
0.46%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hill City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83337 | 0.29% | 0.40% | 0.46% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Hill City, Idaho
In Hill City, 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 Camas 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. Assessment notices in Hill City 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 Hill City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Hill City are both $753, found in zip code 83337.
Average Hill City Assessed Value
$237,785
Average Camas County Assessed Value
$196,324
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hill City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83337 | $101,804 | $164,818 | $237,785 | $305,536 | $359,158 |
Source: Ownwell
Property Tax Bills Across Hill City, Idaho
In Hill City, property tax bills are determined by assessing the market value of a home and applying the local tax rate. Homeowners in Hill City, located in Camas County, experience property tax rates that are influenced by several factors, including the assessed home value and specific county tax regulations. For instance, the median home price in Hill City is $237,785, and the property tax rate is applied to this value to calculate the annual tax bill. The property tax bill can vary significantly among homeowners. For example, those in the 25th percentile pay around $503 annually, while those in the 75th percentile see bills closer to $1,155. The 90th percentile of homeowners face tax bills as high as $1,563. These figures indicate a range of tax burdens, reflecting differences in property values and specific exemptions or deductions available to homeowners. Understanding how property taxes are calculated and the potential financial impact can help homeowners better manage their budgets and plan for future expenses.
Average Hill City Tax Bill
$753
Average Camas County Tax Bill
$754
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Hill City, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83337 | $368 | $503 | $753 | $1,155 | $1,563 |
Source: Ownwell