Boise, Idaho Property Taxes
The median property tax rate in Boise, ID is 0.68%, lower than the national median of 0.99% but higher than the Idaho state median of 0.50%. With the median home value in Boise at $118,743, the typical annual property tax bill amounts to $692, which is significantly below the national median of $2,690. Property taxes in Boise are determined based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Boise'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 Boise or another part of Elmore County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boise, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$807
Ownwell’s Boise Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Boise using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boise to provide an estimated property tax bill. This invaluable tool helps you gauge potential tax liabilities accurately. For those interested in a deeper dive, neighborhood-level trends are available further down the page. The assessed value of your property, determined by Elmore County, forms the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Boise, Idaho
Property taxes in Boise, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boise is 0.68%, lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Boise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boise 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 Boise'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 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Boise 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 Boise Tax Rate
0.68%
Average Elmore County Tax Rate
0.50%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boise, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83716 | 0.25% | 0.28% | 0.68% | 0.85% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Boise, Idaho
In Boise, 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 Boise, 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 Boise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Boise are both $692, found in the 83716 zip code.
Average Boise Assessed Value
$118,743
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 Boise, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83716 | $23,504 | $47,287 | $118,743 | $455,624 | $669,252 |
Source: Ownwell
Property Tax Bills Across Boise, Idaho
In Boise, located in Elmore County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, ultimately impacting the tax bill. For homeowners in Boise, the property tax burden varies significantly. The tax bill for the 25th percentile is around $366, while those in the 75th percentile pay approximately $1,405. At the 90th percentile, the tax bill can reach up to $1,970. The highest median tax bill in Boise is $692, found in the 83716 zip code, which is also the lowest median tax bill, indicating uniformity within that area. Compared to the national median property tax rate of 0.99%, Boise offers relatively moderate property tax rates, making it an attractive location for homeowners seeking manageable tax expenses.
Average Boise Tax Bill
$692
Average Elmore County Tax Bill
$1,251
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Boise, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83716 | $216 | $366 | $692 | $1,405 | $1,970 |
Source: Ownwell