Grangeville, Idaho Property Taxes
The median property tax rate in Grangeville, ID is 0.26%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With a median home value of $216,346 in Grangeville, the typical annual property tax bill is $666, far below the national median of $2,690. Property taxes in Grangeville are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Grangeville'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 Grangeville 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
Grangeville, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$562
Ownwell’s Grangeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grangeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grangeville 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 Grangeville, Idaho
Property taxes in Grangeville, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grangeville is 0.26%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Grangeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grangeville 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. Understanding how Grangeville's effective property tax rate compares to other counties in Idaho and the national median 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 Grangeville Tax Rate
0.26%
Average Idaho County Tax Rate
0.27%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grangeville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83530 | 0.18% | 0.21% | 0.26% | 0.34% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Grangeville, Idaho
In Grangeville, 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 assessment authority 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 Grangeville, 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 Grangeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $666.00, found in the zip code 83530.
Average Grangeville Assessed Value
$216,346
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 Grangeville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83530 | $14,860 | $127,138 | $216,346 | $344,580 | $481,554 |
Source: Ownwell
Property Tax Bills Across Grangeville, Idaho
In Grangeville, Idaho, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Grangeville experience property tax rates that are relatively low compared to the national median property tax rate of 0.99%. The median home price in Grangeville is $216,346, and property tax bills can vary significantly depending on the specific property and its assessed value. For instance, the 25th percentile tax bill in Grangeville is $447, while the 75th percentile tax bill is $977. At the 90th percentile, homeowners might see tax bills as high as $1,294. The highest median tax bill recorded in the area is $666, which is consistent across the region. These tax bills fund essential public services such as schools, emergency services, and infrastructure maintenance, directly impacting homeowners by contributing to the overall quality of life in the community.
Average Grangeville Tax Bill
$666
Average Idaho County Tax Bill
$670
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Grangeville, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83530 | $248 | $447 | $666 | $977 | $1,294 |
Source: Ownwell