Cooperville, Idaho Property Taxes
The median property tax rate in Cooperville, Idaho is 0.17%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $437,845 in Cooperville, the typical annual property tax bill is $821, well below the national median of $2,690. Property taxes in Cooperville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cooperville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cooperville 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
Cooperville, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.17%
Estimate Property Tax Bill
$744
Ownwell’s Cooperville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cooperville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cooperville 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 Cooperville, Idaho
Property taxes in Cooperville, Idaho, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Cooperville is 0.17%, which is significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Cooperville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cooperville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total assessed 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 Cooperville'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 a neighboring area with a rate of 1.25%, while another nearby area has the lowest median tax rate at 0.15%. Understanding how these cities compare with Cooperville provides valuable insights into the varying tax landscape across Idaho County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cooperville Tax Rate
0.17%
Average Idaho County Tax Rate
0.27%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cooperville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83554 | 0.16% | 0.16% | 0.17% | 0.27% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Cooperville, Idaho
In Cooperville, 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 local 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 Cooperville, 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. For instance, the median home price in Cooperville stands at $437,845, with tax bills ranging from the 25th percentile at $753 to the 90th percentile at $1,882. The highest and lowest median tax bill in the area is $821, both found in the 83554 zip code. 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 Cooperville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cooperville Assessed Value
$437,845
Average Idaho County Assessed Value
$208,696
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cooperville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83554 | $185,108 | $359,740 | $437,845 | $487,786 | $529,044 |
Source: Ownwell
Property Tax Bills Across Cooperville, Idaho
In Cooperville, Idaho County, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Cooperville homeowners see a range of property tax bills, with the 25th percentile paying around $753 and the 75th percentile paying approximately $1,219 annually. At the higher end, the 90th percentile faces tax bills nearing $1,882. Notably, the highest and lowest median tax bills in the county are both $821, specifically in the 83554 zip code. These property taxes fund essential community services such as schools, emergency services, and infrastructure. While Cooperville's tax rates might seem moderate, they still represent a significant expense for homeowners, impacting their overall cost of living and financial planning.
Average Cooperville Tax Bill
$821
Average Idaho County Tax Bill
$670
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Cooperville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83554 | $684 | $753 | $821 | $1,219 | $1,882 |
Source: Ownwell