Dixie, Idaho County, Idaho Property Taxes
The median property tax rate in Dixie, Idaho is 0.36%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Dixie, the typical annual property tax bill reaches $632, well below the national median of $2,690. Property taxes in Dixie 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 Dixie'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 Dixie 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
Dixie, Idaho County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$652
$605
Ownwell’s Dixie Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Dixie. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Dixie to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, scroll down to access localized information. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Dixie, Idaho County, Idaho
Property taxes in Dixie, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dixie is 0.36%, 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 Dixie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dixie 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 Dixie's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83254 zip code has the highest median property tax rate of 1.25%, while the 83226 zip code has the lowest median tax rate of 0.35%. Understanding how these areas compare with Dixie 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 Dixie Tax Rate
0.36%
Average Idaho County Tax Rate
0.27%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dixie, Idaho County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83525 | 0.22% | 0.26% | 0.36% | 0.45% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Dixie, Idaho County, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dixie, 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 Idaho 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 Dixie, 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 Dixie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83525 has the highest and lowest median tax bill, both at $632.
Property Tax Assessment Values Across Dixie, Idaho County, Idaho
Source: Ownwell
$69,489
$203,562
$337,634
Average Dixie Assessed Value
$181,179
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 Dixie, Idaho County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83525 | $40,704 | $89,194 | $181,179 | $258,504 | $334,035 |
Source: Ownwell
Property Tax Bills Across Dixie, Idaho County, Idaho
In Dixie, Idaho, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is a percentage of the property's market value, and it forms the basis for the tax rate applied. The median home price in Dixie is $181,179, and tax rates are applied to this value to determine annual tax bills. Homeowners in Dixie can expect their property tax bills to vary, with the 25th percentile tax bill at $464 and the 75th percentile tax bill at $816. For those at the 90th percentile, the tax bill can reach up to $1,005. These tax bills are influenced by various factors, including changes in home values and local tax rates. Compared to the national median property tax rate of 0.99%, Dixie homeowners often experience lower property tax bills, providing some financial relief. Understanding these elements can help homeowners better anticipate their tax obligations and manage their finances effectively.
Average Dixie Tax Bill
$632
Average Idaho County Tax Bill
$670
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Dixie, Idaho County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83525 | $267 | $464 | $632 | $816 | $1,005 |
Source: Ownwell