Atlanta, Elmore County, Idaho Property Taxes
The median property tax rate in Atlanta, ID is 0.73%, 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 $141,589 in Atlanta, the typical annual property tax bill amounts to $694, significantly below the national median of $2,690. Property taxes in Atlanta 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 Atlanta'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 Atlanta or another part of Elmore County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Atlanta, Elmore County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,034
$959
Ownwell’s Atlanta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atlanta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atlanta 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 Atlanta, Elmore County, Idaho
Property taxes in Atlanta, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atlanta is 0.73%, lower than the U.S. national median of 0.99%. Local government entities within Atlanta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atlanta 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 Atlanta's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83716 zip code has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these cities compare with Atlanta provides valuable insights into the varying tax landscape across Elmore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atlanta Tax Rate
0.73%
Average Elmore County Tax Rate
0.50%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atlanta, Elmore County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83716 | 0.29% | 0.35% | 0.73% | 0.79% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Atlanta, Elmore County, Idaho
In Atlanta, 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 Elmore 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 Atlanta, 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 Atlanta 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 83716, with a median tax bill of $694.
Property Tax Assessment Values Across Atlanta, Elmore County, Idaho
Source: Ownwell
$118,743
$204,885
$291,026
Average Atlanta Assessed Value
$141,589
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 Atlanta, Elmore County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83716 | $46,592 | $67,572 | $141,589 | $207,259 | $263,099 |
Source: Ownwell
Property Tax Bills Across Atlanta, Elmore County, Idaho
In Atlanta, property tax bills are calculated based on the assessed value of the home, which is determined by the Elmore County Assessor's Office. The assessed value is a percentage of the market value of the property. Several factors influence this assessment, including the property's location, size, and condition. Homeowners in Atlanta can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $430, while the 75th percentile reaches up to $1,078. At the higher end, the 90th percentile tax bill can be as much as $1,768. The median tax bill in the highest and lowest zip codes, both at $694, reflects the variability within the city. These property taxes contribute to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Atlanta may find their tax rates to be relatively moderate, impacting their overall cost of homeownership.
Average Atlanta Tax Bill
$694
Average Elmore County Tax Bill
$1,251
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Atlanta, Elmore County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83716 | $245 | $430 | $694 | $1,078 | $1,768 |
Source: Ownwell