Glenns Ferry, Idaho Property Taxes
The median property tax rate in Glenns Ferry, ID is 0.51%, slightly above the Idaho state median of 0.50% but still below the national median of 0.99%. With a median home value of $180,912, the typical annual property tax bill in Glenns Ferry is around $911, which is significantly lower than the national median of $2,690. Property taxes in Glenns Ferry are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Navigating Glenns Ferry’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 Glenns Ferry 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
Glenns Ferry, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$923
Ownwell’s Glenns Ferry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenns Ferry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenns Ferry 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 Glenns Ferry, Idaho
Property taxes in Glenns Ferry, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenns Ferry is 0.51%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Glenns Ferry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenns Ferry 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 Glenns Ferry's effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83623 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Glenns Ferry 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 Glenns Ferry Tax Rate
0.51%
Average Elmore County Tax Rate
0.50%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenns Ferry, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83623 | 0.31% | 0.46% | 0.51% | 1.07% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Glenns Ferry, Idaho
In Glenns Ferry, 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 Assessor's Office 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 Glenns Ferry, 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 Glenns Ferry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Glenns Ferry is $180,912, with tax bills ranging from $308 at the 25th percentile to $2,381 at the 90th percentile. Interestingly, the highest and lowest median tax bills both fall within the 83623 zip code, each at $911.
Average Glenns Ferry Assessed Value
$180,912
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 Glenns Ferry, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83623 | $11,024 | $70,822 | $180,912 | $260,269 | $321,691 |
Source: Ownwell
Property Tax Bills Across Glenns Ferry, Idaho
In Glenns Ferry, Elmore County, ID, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, which is determined by the county assessor's office. Factors such as the property's market value, location, and any applicable exemptions or deductions play a crucial role in determining the final tax bill. For homeowners in Glenns Ferry, understanding the range of potential tax bills is essential. The 25th percentile tax bill stands at $308, while the 75th percentile reaches $1413, and the 90th percentile can be as high as $2381. These figures illustrate the variability in tax bills, influenced by property values and applicable tax rates. The median home price in Glenns Ferry is $180,912, which is a significant factor in the calculation of the property tax. Compared to the national median property tax rate of 0.99%, Glenns Ferry's property tax landscape reflects its unique economic and real estate conditions, impacting how much homeowners pay annually.
Average Glenns Ferry Tax Bill
$911
Average Elmore County Tax Bill
$1,251
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenns Ferry, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83623 | $96 | $308 | $911 | $1,413 | $2,381 |
Source: Ownwell