Eagle, Gem County, Idaho Property Taxes
The median property tax rate in Eagle, ID is 0.24%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Eagle at $443,168, the typical annual property tax bill amounts to $1,206, well below the national median of $2,690. Property taxes in Eagle are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eagle'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 Eagle 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
Eagle, Gem County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$1,064
$987
Ownwell’s Eagle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eagle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eagle 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 Eagle, Gem County, Idaho
Property taxes in Eagle, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle is 0.72%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Eagle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle 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 Eagle's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83616 zip code has the highest median property tax rate of 0.72%, while the 83634 zip code has the lowest median tax rate of 0.49%. Understanding how these cities compare with Eagle provides valuable insights into the varying tax landscape across Gem County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagle Tax Rate
0.24%
Average Gem County Tax Rate
0.28%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle, Gem County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83616 | 0.18% | 0.22% | 0.24% | 0.29% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Eagle, Gem County, Idaho
In Eagle, Idaho, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Gem 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 Eagle, 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. For instance, the median home price in Eagle is $443,168. The highest and lowest median tax bills are both $1,206, found in the 83616 zip code. Understanding these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Eagle, Gem County, Idaho
Source: Ownwell
$194,829
$388,870
$582,910
Average Eagle Assessed Value
$443,168
Average Gem County Assessed Value
$389,330
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eagle, Gem County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83616 | $147,422 | $272,004 | $443,168 | $746,686 | $1,064,174 |
Source: Ownwell
Property Tax Bills Across Eagle, Gem County, Idaho
In Eagle, located in Gem County, ID, 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 arrive at the annual tax bill. The median home price in Eagle stands at $443,168, and homeowners typically see a range in their tax bills. For example, the tax bill at the 25th percentile is $562, while at the 75th percentile, it rises to $1,723. At the 90th percentile, homeowners can expect a tax bill of $2,602. Factors influencing the tax bill include the property's assessed value, local tax rates, and any exemptions or deductions for which the homeowner may qualify. With the national median property tax rate at 0.99%, Eagle's tax rates offer a competitive landscape for homeowners. Understanding these elements can help homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Eagle Tax Bill
$1,206
Average Gem County Tax Bill
$1,205
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle, Gem County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83616 | $331 | $562 | $1,206 | $1,723 | $2,602 |
Source: Ownwell