Macks Inn, Fremont County, Idaho Property Taxes
The median property tax rate in Macks Inn, ID is 0.84%, which is lower than the national median of 0.99% but significantly higher than the Idaho state median of 0.50%. With the median home value in Macks Inn at $286,174, the typical annual property tax bill amounts to $2,284, falling below the national median of $2,690. Property taxes in Macks Inn are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Macks Inn's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Macks Inn or another part of Fremont County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Macks Inn, Fremont County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$2,404
$2,231
Ownwell’s Macks Inn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macks Inn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macks Inn 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 Macks Inn, Fremont County, Idaho
Property taxes in Macks Inn, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Macks Inn is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Macks Inn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macks Inn 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 Macks Inn's effective property tax rate to other regions in Idaho and the national median. For comparison, the zip code 83433 has both the highest and lowest median property tax rate in the area, at 0.84%. Understanding how these areas compare with Macks Inn provides valuable insights into the varying tax landscape across Fremont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Macks Inn Tax Rate
0.84%
Average Fremont County Tax Rate
0.43%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macks Inn, Fremont County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83433 | 0.54% | 0.66% | 0.84% | 1.47% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Macks Inn, Fremont County, Idaho
In Macks Inn, 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 Fremont County Assessor 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 Macks Inn, 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 Macks Inn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Macks Inn is $286,174, with the median tax bill ranging from $1,501 at the 25th percentile to $4,174 at the 90th percentile. The zip code 83433 has both the highest and lowest median tax bill, recorded at $2,284.
Property Tax Assessment Values Across Macks Inn, Fremont County, Idaho
Source: Ownwell
$195,659
$296,650
$397,640
Average Macks Inn Assessed Value
$286,174
Average Fremont County Assessed Value
$277,698
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Macks Inn, Fremont County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83433 | $71,136 | $76,776 | $286,174 | $483,628 | $661,141 |
Source: Ownwell
Property Tax Bills Across Macks Inn, Fremont County, Idaho
In Macks Inn, located in Fremont County, ID, 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 of the property. Homeowners in Macks Inn can expect their tax bills to vary significantly depending on the value of their property. For instance, the 25th percentile tax bill is around $1,501, while the 75th percentile tax bill rises to approximately $3,122. The 90th percentile tax bill can be as high as $4,174, indicating a wide range of property values and corresponding tax obligations. Compared to the national median property tax rate of 0.99%, the tax bills in Macks Inn reflect the local property values and tax rates. Homeowners with properties at the highest median tax bill in the area, which is $2,284, will find that their tax responsibilities are influenced by both the assessed value and the specific rates set by local taxing authorities. This system ensures that property taxes are proportionate to the value of the home, impacting homeowners' annual financial planning and budgeting.
Average Macks Inn Tax Bill
$2,284
Average Fremont County Tax Bill
$1,250
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Macks Inn, Fremont County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83433 | $1,500 | $1,501 | $2,284 | $3,122 | $4,174 |
Source: Ownwell