Jackson, Idaho Property Taxes
The median property tax rate in Jackson, ID is 0.31%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Jackson at $257,414, the typical annual property tax bill amounts to $762, which is well below the national median of $2,690. Property taxes in Jackson are determined 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 Jackson'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 Jackson or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jackson, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$798
Ownwell’s JACKSON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in JACKSON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in JACKSON 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 Jackson, Idaho
Property taxes in Jackson, Idaho, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Jackson is 0.31%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Jackson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jackson 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 Jackson's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is 0.31%, while the lowest median tax rate is also 0.31%. Understanding how these cities compare with Jackson 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 Jackson Tax Rate
0.31%
Average Cassia County Tax Rate
0.38%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jackson, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83350 | 0.23% | 0.25% | 0.31% | 0.48% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Jackson, Idaho
In Jackson, 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 Cassia 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 Jackson, 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 Jackson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $762, found in zip code 83350.
Average Jackson Assessed Value
$257,414
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 Jackson, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83350 | $46,223 | $129,861 | $257,414 | $453,320 | $621,621 |
Source: Ownwell
Property Tax Bills Across Jackson, Idaho
In Jackson, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $257,414, homeowners can expect their property tax bill to vary significantly. Factors like the home's location, size, and improvements contribute to its assessed value. Once the assessed value is determined, local tax rates are applied. In Jackson, the property tax bill ranges from $392 at the 25th percentile to $1,507 at the 75th percentile, reaching up to $2,163 at the 90th percentile. This variation reflects differences in property values and specific neighborhood tax rates within the city. Compared to the national median property tax rate of 0.99%, Jackson's property taxes can be relatively moderate, but they still represent a significant expense for homeowners. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Jackson Tax Bill
$762
Average Cassia County Tax Bill
$844
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Jackson, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83350 | $118 | $392 | $762 | $1,507 | $2,163 |
Source: Ownwell