Monteview, Idaho Property Taxes
The median property tax rate in Monteview, Idaho is 0.34%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Monteview, the typical annual property tax bill amounts to $734, which is well below the national median of $2,690. Property taxes in Monteview are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Monteview'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 Monteview or another part of Clark County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Monteview, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$765
$710
Ownwell’s Monteview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Monteview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Monteview 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 Monteview, Idaho
Property taxes in Monteview, Idaho, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Monteview is 0.58%, which is higher than the Idaho state median of 0.69% but still below the U.S. national median of 0.99%. Local government entities within Monteview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Monteview 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 Monteview'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 found in 83210 with a rate of 0.83%, while the lowest median tax rate is in 83215 at 0.47%. Understanding how these cities compare with Monteview provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Monteview Tax Rate
0.34%
Average Clark County Tax Rate
0.49%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monteview, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83435 | 0.23% | 0.27% | 0.34% | 0.42% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Monteview, Idaho
In Monteview, 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 Clark 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 Monteview, 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. Monteview's median home price is $225,100, with tax bills ranging from $639 at the 25th percentile to $876 at the 75th percentile, and reaching $3,937 at the 90th percentile. The highest and lowest median tax bills, both at $734, are found in the 83435 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Monteview Assessed Value
$225,100
Average Clark County Assessed Value
$117,180
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Monteview, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83435 | $184,205 | $191,600 | $225,100 | $281,040 | $940,635 |
Source: Ownwell
Property Tax Bills Across Monteview, Idaho
In Monteview, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically reflects a percentage of the property's market value. Various factors such as property size, location, and improvements made to the property influence this assessment. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. Homeowners in Monteview, Clark County, experience a range of property tax bills. The 25th percentile tax bill is $639, while the 75th percentile reaches $876. For those at the higher end, the 90th percentile tax bill can soar up to $3,937. These figures illustrate how property taxes can vary widely based on property value and other contributing factors. Compared to the national median property tax rate of 0.99%, Monteview's property tax situation can have significant financial implications for homeowners, affecting their annual budget and long-term financial planning.
Average Monteview Tax Bill
$734
Average Clark County Tax Bill
$550
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Monteview, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83435 | $562 | $639 | $734 | $876 | $3,937 |
Source: Ownwell