Weippe, Idaho Property Taxes
The median property tax rate in Weippe, ID is 0.66%, which is lower than the national median of 0.99% but higher than the Idaho state median of 0.50%. With a median home value of $107,943 in Weippe, the typical annual property tax bill is $774, significantly less than the national median of $2,690. Property taxes in Weippe are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Weippe'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 Weippe or another part of Clearwater County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Weippe, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$712
$661
Ownwell’s Weippe Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Weippe. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Weippe to provide an accurate estimate of your property tax bill. This helps you understand your potential tax liabilities better. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for property tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Weippe, Idaho
Property taxes in Weippe, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weippe is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Weippe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weippe 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 Weippe's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83553 has both the highest and lowest median property tax rate of 0.66%, which is the same as Weippe's median tax rate. Understanding how these cities compare with Weippe 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 Weippe Tax Rate
0.66%
Average Clearwater County Tax Rate
0.67%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weippe, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83553 | 0.41% | 0.48% | 0.66% | 1.01% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Weippe, Idaho
In Weippe, 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 Weippe, 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 Weippe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Weippe is $774 in the 83553 zip code, while the lowest median tax bill is also $774 in the same zip code.
Average Weippe Assessed Value
$107,943
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 Weippe, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83553 | $15,904 | $46,402 | $107,943 | $225,308 | $336,915 |
Source: Ownwell
Property Tax Bills Across Weippe, Idaho
In Weippe, located in Clearwater County, ID, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the home's market value. Several factors influence the assessed value, including the property's size, location, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. In Weippe, the median home price is $107,943. Homeowners within the 25th percentile can expect a tax bill around $292, while those in the 75th percentile might see a bill closer to $1,328. At the 90th percentile, the tax bill can go up to $2,027. These property taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated is crucial for financial planning and managing annual expenses. With a median tax bill of $774 in the 83553 zip code, Weippe's property taxes are relatively moderate compared to the national median property tax rate of 0.99%.
Average Weippe Tax Bill
$774
Average Clearwater County Tax Bill
$1,091
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Weippe, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83553 | $138 | $292 | $774 | $1,328 | $2,027 |
Source: Ownwell