Heyburn, Idaho Property Taxes
The median property tax rate in Heyburn, Idaho is 1.32%, significantly higher than both the national median of 0.99% and Idaho's state median of 0.50%. With a median home value of $10,409, the typical annual property tax bill in Heyburn is $137, which is considerably lower than the national median of $2,690. Property taxes in Heyburn are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Heyburn'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 Heyburn or another part of Cassia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Heyburn, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$137
Ownwell’s Heyburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heyburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heyburn 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 Heyburn, Idaho
Property taxes in Heyburn, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Heyburn is 1.32%, significantly higher than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Heyburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heyburn 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 Heyburn's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83336 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Heyburn provides valuable insights into the varying tax landscape across Cassia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Heyburn Tax Rate
1.32%
Average Cassia County Tax Rate
0.38%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Heyburn, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83336 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Heyburn, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Heyburn, Idaho. 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 Cassia 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 Heyburn, 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 Heyburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Heyburn, the highest and lowest median tax bills are both $137, with the zip code 83336 reflecting these values.
Average Heyburn Assessed Value
$10,409
Average Cassia County Assessed Value
$232,517
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Heyburn, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83336 | $10,409 | $10,409 | $10,409 | $10,409 | $10,409 |
Source: Ownwell
Property Tax Bills Across Heyburn, Idaho
In Heyburn, located in Cassia County, ID, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the property tax rate, which is set by local taxing authorities, is applied to this value. For Heyburn, the median home price is $10,409, and the median property tax bill is consistently $137 across various percentiles. This indicates a uniform tax rate application within the region. Factors such as property improvements, location, and market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners in Heyburn benefit from relatively low property tax bills compared to the national median property tax rate of 0.99%, providing financial relief and making homeownership more affordable in this region.
Average Heyburn Tax Bill
$137
Average Cassia County Tax Bill
$844
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Heyburn, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83336 | $137 | $137 | $137 | $137 | $137 |
Source: Ownwell