Bliss, Gooding County, Idaho Property Taxes
The median property tax rate in Bliss, ID is 0.35%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Bliss at $175,933, the typical annual property tax bill is around $905, which is substantially less than the national median of $2,690. Property taxes in Bliss are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Bliss's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Bliss or another part of Gooding County, a thorough understanding of the local property tax system will be advantageous.
Last Updated June 14, 2024
Bliss, Gooding County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$616
$571
Ownwell’s Bliss Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bliss with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bliss 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 Bliss, Gooding County, Idaho
Property taxes in Bliss, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bliss is 0.35%, which is significantly lower than both the Idaho state median of 0.69% and the U.S. national median of 0.99%. Local government entities within Bliss set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bliss 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 Bliss'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 found in zip code 83623, with a rate of 0.83%, while the lowest median tax rate is in zip code 83241, at just 0.25%. Understanding how these cities compare with Bliss provides valuable insights into the varying tax landscape across Gooding County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bliss Tax Rate
0.35%
Average Gooding County Tax Rate
0.43%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bliss, Gooding County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83314 | 0.24% | 0.28% | 0.35% | 0.48% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Bliss, Gooding County, Idaho
In Bliss, 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 Gooding 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 Bliss, 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. The median home price in Bliss is $175,933, with tax bills ranging from $548 at the 25th percentile to $2,037 at the 90th percentile. The zip code 83314 has the highest and lowest median tax bill, both at $905. 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 Bliss helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bliss, Gooding County, Idaho
Source: Ownwell
$175,933
$333,951
$491,968
Average Bliss Assessed Value
$175,933
Average Gooding County Assessed Value
$220,136
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bliss, Gooding County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83314 | $5,000 | $58,237 | $175,933 | $316,183 | $486,348 |
Source: Ownwell
Property Tax Bills Across Bliss, Gooding County, Idaho
Property tax bills in Bliss, located in Gooding County, Idaho, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Bliss, this means that their tax bill is directly influenced by fluctuations in the real estate market and any improvements made to the property. Several factors are considered when determining the tax bill, including the property's location, size, and condition. In Bliss, the median home price is $175,933, which serves as a baseline for calculating property taxes. Homeowners in the 25th percentile can expect a tax bill of around $548, while those in the 75th percentile might see bills closer to $1,396. At the higher end, the 90th percentile tax bill reaches approximately $2,037. Comparatively, the highest median tax bill in the area is $905, which is significantly lower than the national median property tax rate of 0.99%, offering homeowners in Bliss a relatively affordable tax environment.
Average Bliss Tax Bill
$905
Average Gooding County Tax Bill
$1,104
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Bliss, Gooding County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83314 | $361 | $548 | $905 | $1,396 | $2,037 |
Source: Ownwell