Notus, Idaho Property Taxes
The median property tax rate in NOTUS, ID is 0.49%, which is lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in NOTUS at $292,880, the typical annual property tax bill comes to $1,462, significantly less than the national median of $2,690. Property taxes in NOTUS are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding NOTUS'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 NOTUS 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
Notus, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,435
$1,332
Ownwell’s NOTUS Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in NOTUS with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in NOTUS to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities and plan accordingly. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by Canyon County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Notus, Idaho
Property taxes in Notus, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Notus is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Notus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Notus 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 Notus's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83656 has both the highest and lowest median property tax rate of 0.49%. Understanding how these cities compare with Notus 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 Notus Tax Rate
0.49%
Average Canyon County Tax Rate
0.53%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Notus, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83656 | 0.34% | 0.41% | 0.49% | 0.61% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Notus, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Notus, Idaho. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Canyon 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. In Notus, 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 example, the highest median tax bill in Notus is $1,462 in the 83656 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Notus Assessed Value
$292,880
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 Notus, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83656 | $79,140 | $209,325 | $292,880 | $324,075 | $374,530 |
Source: Ownwell
Property Tax Bills Across Notus, Idaho
Property tax bills in NOTUS, located in Canyon County, ID, are calculated based on the assessed value of a property and the local tax rate. The assessment is typically a percentage of the home's market value, determined by the county assessor. Factors such as property size, location, and any improvements can influence the assessed value. Homeowners in NOTUS face property tax bills that vary significantly, with the 25th percentile paying around $840 and the 75th percentile paying about $1,700 annually. This range shows how different property values and local tax rates can impact the amount owed. Comparatively, the highest median tax bill in the area is $1,462, which is still below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in NOTUS. However, it's essential for homeowners to stay informed on any changes in assessed values or tax rates that could affect their future tax bills.
Average Notus Tax Bill
$1,462
Average Canyon County Tax Bill
$1,964
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Notus, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83656 | $138 | $840 | $1,462 | $1,700 | $2,270 |
Source: Ownwell