Parker, Fremont County, Idaho Property Taxes
The median property tax rate in Parker, Idaho is 0.38%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Parker, the typical annual property tax bill reaches $708, well below the national median of $2,690. Property taxes in Parker are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Parker'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 Parker or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Parker, Fremont County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$744
$690
Ownwell’s Parker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parker 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 Parker, Fremont County, Idaho
Property taxes in Parker, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Parker is 0.38%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Parker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parker 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 Parker's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in the region is significantly higher, while the lowest median tax rate is notably lower. Understanding how these cities compare with Parker 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 Parker Tax Rate
0.38%
Average Fremont County Tax Rate
0.43%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Parker, Fremont County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83438 | 0.31% | 0.33% | 0.38% | 0.58% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Parker, Fremont County, Idaho
In Parker, 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 Parker, 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 Parker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Parker, the zip code with the highest median tax bill is 83438, at $708.00, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Parker, Fremont County, Idaho
Source: Ownwell
$195,659
$296,650
$397,640
Average Parker Assessed Value
$195,659
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 Parker, Fremont County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83438 | $21,616 | $120,240 | $195,659 | $289,520 | $416,782 |
Source: Ownwell
Property Tax Bills Across Parker, Fremont County, Idaho
In Parker, located in Fremont County, Idaho, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Parker, the median home price is $195,659. The tax bills vary widely, with the 25th percentile at $486 and the 75th percentile reaching up to $1,122. The 90th percentile tax bill can go as high as $1,751, indicating a significant range in property tax obligations. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and the overall cost of homeownership in Parker. Notably, the highest and lowest median tax bills in Fremont County are both $708, suggesting a relatively stable tax environment within the region.
Average Parker Tax Bill
$708
Average Fremont County Tax Bill
$1,250
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Parker, Fremont County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83438 | $77 | $486 | $708 | $1,122 | $1,751 |
Source: Ownwell