Lenore, Clearwater County, Idaho Property Taxes
The median property tax rate in Lenore, Idaho is 0.60%, which is significantly lower than the national median of 0.99% but higher than Idaho's state median of 0.50%. With the median home value in Lenore, the typical annual property tax bill amounts to $1,336, well below the national median of $2,690. Property taxes in Lenore are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Lenore'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 Lenore or another part of Clearwater County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lenore, Clearwater County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,536
$1,425
Ownwell’s Lenore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lenore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lenore 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 Lenore, Clearwater County, Idaho
Property taxes in Lenore, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lenore is 0.60%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Lenore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lenore 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 Lenore's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83541 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Lenore provides valuable insights into the varying tax landscape across Clearwater County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lenore Tax Rate
0.60%
Average Clearwater County Tax Rate
0.67%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lenore, Clearwater County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83541 | 0.43% | 0.47% | 0.60% | 0.79% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Lenore, Clearwater County, Idaho
In Lenore, 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 Clearwater 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 Lenore, 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. For example, the median home price here is $255,987, with tax bills ranging significantly: from $595 at the 25th percentile to $2,724 at the 90th percentile. 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 Lenore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lenore, Clearwater County, Idaho
Source: Ownwell
$99,673
$177,830
$255,987
Average Lenore Assessed Value
$255,987
Average Clearwater County Assessed Value
$173,988
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lenore, Clearwater County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83541 | $35,378 | $89,703 | $255,987 | $371,952 | $482,460 |
Source: Ownwell
Property Tax Bills Across Lenore, Clearwater County, Idaho
In Lenore, Clearwater County, ID, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Lenore, the median home price is $255,987, and the property tax rate is influenced by local budgets and levies. Homeowners in Lenore can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $595, while at the 75th percentile, they rise to approximately $2,070. The top 10% of tax bills can reach up to $2,724. In comparison, the national median property tax rate is 0.99%, making Lenore’s rates relatively moderate. These tax bills fund essential community services such as schools, infrastructure, and public safety. Understanding how property taxes are calculated helps homeowners budget effectively and appreciate the value these taxes bring to their community.
Average Lenore Tax Bill
$1,336
Average Clearwater County Tax Bill
$1,091
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Lenore, Clearwater County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83541 | $284 | $595 | $1,336 | $2,070 | $2,724 |
Source: Ownwell