Star, Canyon County, Idaho Property Taxes
The median property tax rate in STAR, ID is 0.42%, considerably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in STAR, the typical annual property tax bill reaches $3,099, which is higher than the national median of $2,690. Property taxes in STAR are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding STAR'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 STAR 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
Star, Canyon County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$3,360
$3,118
Ownwell’s STAR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR 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 Star, Canyon County, Idaho
Property taxes in STAR, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in STAR is 0.42%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within STAR set these rates annually, and they can vary significantly across different neighborhoods. Each year, STAR 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 STAR's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83669 zip code has both the highest and lowest median property tax rate of 0.42%. Understanding how these cities compare with STAR 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 Star Tax Rate
0.42%
Average Canyon County Tax Rate
0.53%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Star, Canyon County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83669 | 0.21% | 0.40% | 0.42% | 0.47% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Star, Canyon County, Idaho
In STAR, 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 STAR, 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. STAR residents should note that the highest median tax bill is $3099, found in the 83669 zip code, while the lowest is also the same. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Star, Canyon County, Idaho
Source: Ownwell
$292,880
$546,475
$800,070
Average Star Assessed Value
$800,070
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 Star, Canyon County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83669 | $212,981 | $431,535 | $800,070 | $1,005,775 | $1,189,490 |
Source: Ownwell
Property Tax Bills Across Star, Canyon County, Idaho
In STAR, located in Canyon County, ID, property tax bills are calculated based on the assessed value of the home and the applicable tax rate. The assessed value is determined by the county assessor, who evaluates various factors such as the property's market value, location, and condition. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners, the median home price in STAR is $800,070, with property tax bills ranging significantly. The 25th percentile tax bill is $2,004, while the 75th percentile reaches $4,131, and the 90th percentile hits $5,074. These figures highlight the variability in tax bills, which can impact homeowners' financial planning and budgeting. Notably, the highest and lowest median tax bills in the area are both $3,099, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, STAR's property taxes reflect the local economic conditions and property values, affecting homeowners differently based on their specific circumstances.
Average Star Tax Bill
$3,099
Average Canyon County Tax Bill
$1,964
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Star, Canyon County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83669 | $1,168 | $2,004 | $3,099 | $4,131 | $5,074 |
Source: Ownwell