Clayton, Idaho Property Taxes
The median property tax rate in Clayton, Idaho is 0.34%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With a median home value of $158,890 in Clayton, the typical annual property tax bill amounts to $413, which is well below the national median of $2,690. Property taxes in Clayton are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clayton'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 Clayton 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
Clayton, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$540
Ownwell’s Clayton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clayton using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clayton to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. 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 calculations and includes any applicable exemptions.
Property Tax Rates Across Clayton, Idaho
Property taxes in Clayton, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clayton is 0.34%, which is notably lower than both the Idaho state median of 0.69% and the U.S. national median of 0.99%. Local government entities within Clayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clayton 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 Clayton's effective property tax rate to other counties in Idaho and the national median. For comparison, Boise has the highest median property tax rate of 0.89%, while Stanley has the lowest median tax rate of 0.24%. Understanding how these cities compare with Clayton provides valuable insights into the varying tax landscape across Custer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clayton Tax Rate
0.34%
Average Custer County Tax Rate
0.40%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clayton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83227 | 0.19% | 0.22% | 0.34% | 0.40% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Clayton, Idaho
In Clayton, 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 Custer 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 Clayton, 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 Clayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 83227 has both the highest and lowest median tax bill, which is $413.
Average Clayton Assessed Value
$158,890
Average Custer County Assessed Value
$172,930
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clayton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83227 | $37,500 | $72,292 | $158,890 | $259,952 | $423,012 |
Source: Ownwell
Property Tax Bills Across Clayton, Idaho
In Clayton, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the county assessor. For instance, with a median home price of $158,890 in Clayton, the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, location, and market conditions influence the assessed value. Homeowners in Clayton see a range in their tax bills, with the 25th percentile at $211 and the 75th percentile at $748. The 90th percentile tax bill can go up to $1301. The highest and lowest median tax bills in the area are both recorded at $413 in the 83227 zip code. These property taxes fund local services including schools, public safety, and infrastructure, directly affecting homeowners by supporting the community’s overall quality of life. Comparing this to the national median property tax rate of 0.99%, Clayton's rates offer a perspective on the local tax burden.
Average Clayton Tax Bill
$413
Average Custer County Tax Bill
$617
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Clayton, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83227 | $99 | $211 | $413 | $748 | $1,301 |
Source: Ownwell