Elmore County, Idaho Property Taxes
The median property tax rate in Elmore County is 0.50%, which aligns with the Idaho state median but is notably lower than the national median of 0.99%. With a median home value of $276,790 in Elmore County, the typical annual property tax bill amounts to $1,251, considerably less than the national median of $2,690. Property taxes in Elmore County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Elmore County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Mountain Home or another part of Elmore County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elmore County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,384
$1,284
Ownwell’s Elmore County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Elmore County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Elmore County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Elmore County, Idaho
Property taxes in Elmore County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Elmore County is 0.50%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Elmore County set these rates annually, and they can vary significantly between different areas within the county. Each year, Elmore County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Elmore County's effective property tax rate with other counties and the national median. For comparison, the city of Atlanta has one of the higher property tax rates in the region at 0.73%, while the city of Oasis boasts one of the lowest at 0.43%. Analyzing how Elmore County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Elmore County Tax Rate
0.50%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elmore County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | 0.29% | 0.35% | 0.73% | 0.79% | 0.86% |
| Boise | 0.25% | 0.28% | 0.68% | 0.85% | 1.00% |
| Garden City | N/A | N/A | N/A | N/A | N/A |
| Glenns Ferry | 0.31% | 0.46% | 0.51% | 1.07% | 1.27% |
| Grand View | 0.29% | 0.34% | 0.37% | 0.65% | 0.68% |
| Hammett | 0.22% | 0.29% | 0.38% | 0.61% | 2.17% |
| King Hill | 0.25% | 0.30% | 0.39% | 0.60% | 0.92% |
| Mountain Home | 0.24% | 0.40% | 0.50% | 0.71% | 1.19% |
| Mountain Home Afb | N/A | N/A | N/A | N/A | N/A |
| Oasis | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Elmore County, Idaho
In Elmore County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Elmore County Appraisal District. The assessed value, however, 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 Elmore County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Elmore County showcases a range of tax bills, with Mountain Home AFB having the highest median tax bill at $2,305, and Oasis the lowest at $258. Being aware of these valuation processes in Elmore County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Elmore County Assessed Value
$276,790
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elmore County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | $46,592 | $67,572 | $141,589 | $207,259 | $263,099 |
| Boise | $23,504 | $47,287 | $118,743 | $455,624 | $669,252 |
| Garden City | N/A | N/A | N/A | N/A | N/A |
| Glenns Ferry | $11,024 | $70,822 | $180,912 | $260,269 | $321,691 |
| Grand View | $43,269 | $122,120 | $184,652 | $241,424 | $370,766 |
| Hammett | $3,070 | $40,445 | $157,999 | $343,134 | $499,798 |
| King Hill | $5,703 | $54,192 | $187,896 | $312,402 | $538,600 |
| Mountain Home | $5,542 | $169,654 | $291,026 | $371,914 | $486,782 |
| Mountain Home Afb | N/A | N/A | N/A | N/A | N/A |
| Oasis | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Elmore County, Idaho
In Elmore County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to establish the annual tax bill. The median home price in Elmore County is $276,790, and the property tax rate is compared to the national median rate of 0.99%. Several factors influence the tax bill, including the property's location and any applicable exemptions. For instance, in Mountain Home AFB, the highest median tax bill reaches $2,305, while in Oasis, the lowest is $258. Homeowners in the 25th percentile can expect to pay around $530 annually, whereas those in the 75th percentile might see bills as high as $1,893. At the 90th percentile, the tax bill can soar to $2,690. These variations significantly impact homeowners, affecting their annual budgets and long-term financial planning. Understanding how these factors interplay can help homeowners better anticipate their property tax obligations.
Average Elmore County Tax Bill
$1,251
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Elmore County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | $245 | $430 | $694 | $1,078 | $1,768 |
| Boise | $216 | $366 | $692 | $1,405 | $1,970 |
| Garden City | N/A | N/A | N/A | N/A | N/A |
| Glenns Ferry | $96 | $308 | $911 | $1,413 | $2,381 |
| Grand View | $194 | $414 | $586 | $1,507 | $1,775 |
| Hammett | $79 | $164 | $569 | $1,202 | $1,952 |
| King Hill | $81 | $276 | $672 | $1,394 | $2,247 |
| Mountain Home | $95 | $634 | $1,343 | $1,951 | $2,768 |
| Mountain Home Afb | N/A | N/A | N/A | N/A | N/A |
| Oasis | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell