Middleton, Idaho Property Taxes
The median property tax rate in Middleton, ID is 0.48%, which is notably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $419,100 in Middleton, the typical annual property tax bill amounts to $2,053, falling below the national median of $2,690. Property taxes in Middleton are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Middleton'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 Middleton 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
Middleton, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$2,012
$1,867
Ownwell’s Middleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middleton 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 Middleton, Idaho
Property taxes in Middleton, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middleton is 0.48%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Middleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleton 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 Middleton's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83644 has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Middleton provides valuable insights into the varying tax landscape across Canyon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Middleton Tax Rate
0.48%
Average Canyon County Tax Rate
0.53%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middleton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83644 | 0.27% | 0.40% | 0.48% | 0.54% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Middleton, Idaho
In Middleton, 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 Canyon 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 Middleton, 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. For instance, the median home price in Middleton is $419,100, with tax bills ranging from $1,364 at the 25th percentile to $3,607 at the 90th percentile. Being aware of these valuation processes in Middleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Middleton Assessed Value
$419,100
Average Canyon County Assessed Value
$352,300
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Middleton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83644 | $182,900 | $319,075 | $419,100 | $567,975 | $810,810 |
Source: Ownwell
Property Tax Bills Across Middleton, Idaho
In Middleton, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate set by various taxing authorities, such as the county, school districts, and other entities. For homeowners in Middleton, the median home price is $419,100, and the property tax rate in Canyon County is reflective of this valuation. Factors influencing your tax bill include property characteristics, local budget needs, and voter-approved measures. In Middleton, property tax bills can vary significantly; the 25th percentile tax bill is $1,364, while the 75th percentile reaches $2,794. At the 90th percentile, homeowners might see tax bills as high as $3,607. Comparatively, the national median property tax rate is 0.99%, which helps put Middleton's figures into perspective. The highest and lowest median tax bills in the area are both $2,053, located in the 83644 zip code, illustrating a specific consistency within this locale. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Middleton Tax Bill
$2,053
Average Canyon County Tax Bill
$1,964
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Middleton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83644 | $841 | $1,364 | $2,053 | $2,794 | $3,607 |
Source: Ownwell