Ellis, Idaho Property Taxes
The median property tax rate in Ellis, Idaho is 0.26%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Ellis at $208,230, the typical annual property tax bill is $640, which is well below the national median of $2,690. Property taxes in Ellis are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Ellis'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 Ellis 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
Ellis, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$541
Ownwell’s Ellis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellis 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 Ellis, Idaho
Property taxes in Ellis, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellis is 0.56%, which is significantly higher than the Idaho state median of 0.69% but still below the U.S. national median of 0.99%. Local government entities within Ellis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellis 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 Ellis'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 83702 with a rate of 1.27%, while the lowest median tax rate is in 83254 at 0.43%. Understanding how these cities compare with Ellis 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 Ellis Tax Rate
0.26%
Average Custer County Tax Rate
0.40%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellis, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83235 | 0.18% | 0.22% | 0.26% | 0.37% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Ellis, Idaho
In Ellis, 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. Assessment notices in Ellis 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 Ellis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 83235, at $640.00, while the lowest median tax bill is also in 83235, at $640.00.
Average Ellis Assessed Value
$208,230
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 Ellis, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83235 | $72,742 | $106,198 | $208,230 | $335,072 | $554,252 |
Source: Ownwell
Property Tax Bills Across Ellis, Idaho
In Ellis, located in Custer County, Idaho, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to compute the annual tax bill. For instance, with a median home price of $208,230, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $229, while at the 75th percentile, it rises to $928. At the 90th percentile, homeowners might pay up to $1,508. These figures illustrate the range of property tax burdens within the city. The local tax rate in Ellis is influenced by various factors, including municipal budget requirements, school district funding, and public services. Compared to the national median property tax rate of 0.99%, Ellis homeowners experience a diverse range of tax obligations. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Ellis Tax Bill
$640
Average Custer County Tax Bill
$617
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellis, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83235 | $149 | $229 | $640 | $928 | $1,508 |
Source: Ownwell