Wendell, Idaho Property Taxes
The median property tax rate in Wendell, ID is 0.39%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Wendell at $217,370, the typical annual property tax bill reaches $1,050, well below the national median of $2,690. Property taxes in Wendell 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 Wendell'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 Wendell 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
Wendell, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$848
$787
Ownwell’s Wendell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wendell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wendell 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 Wendell, Idaho
Property taxes in Wendell, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wendell is 0.39%, which is significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Wendell set these rates annually, and they can vary across different neighborhoods. Each year, Wendell 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 Wendell's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is found in Blaine County at 0.72%, while the lowest median tax rate is in Oneida County at 0.35%. Understanding how these cities compare with Wendell 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 Wendell Tax Rate
0.39%
Average Gooding County Tax Rate
0.43%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wendell, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83355 | 0.26% | 0.36% | 0.39% | 0.54% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Wendell, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wendell, Idaho. 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 Wendell, 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 Wendell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wendell, the highest and lowest median tax bills are both $1050, found in the 83355 zip code.
Average Wendell Assessed Value
$217,370
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 Wendell, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83355 | $12,499 | $114,407 | $217,370 | $291,091 | $376,606 |
Source: Ownwell
Property Tax Bills Across Wendell, Idaho
In Wendell, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Wendell, located in Gooding County, experience a range of property tax bills. For instance, the tax bill at the 25th percentile is around $752, while at the 75th percentile, it rises to approximately $1,550. At the higher end, the 90th percentile tax bill can reach up to $2,113. These tax bills are influenced by several factors, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Wendell homeowners may find their property tax bills to be relatively moderate. Understanding how these factors interplay is crucial for homeowners, as it directly impacts their annual financial planning and overall cost of homeownership.
Average Wendell Tax Bill
$1,050
Average Gooding County Tax Bill
$1,104
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Wendell, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83355 | $518 | $752 | $1,050 | $1,550 | $2,113 |
Source: Ownwell