Rigby, Jefferson County, Idaho Property Taxes
The median property tax rate in Rigby, ID is 0.38%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $363,649 in Rigby, the typical annual property tax bill amounts to $1,428, which is well below the national median of $2,690. Property taxes in Rigby are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Rigby'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 Rigby or another part of Jefferson County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rigby, Jefferson County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$1,382
$1,282
Ownwell’s Rigby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rigby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rigby 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 Rigby, Jefferson County, Idaho
Property taxes in Rigby, Idaho, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Rigby is 0.68%, significantly higher than the Idaho state median of 0.55% but still below the U.S. national median of 0.99%. Local government entities within Rigby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rigby 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 Rigby's effective property tax rate to other counties in Idaho and the national median. For comparison, 83401 has the highest median property tax rate of 1.02%, while 83442 has the lowest median tax rate of 0.68%. Understanding how these cities compare with Rigby provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rigby Tax Rate
0.38%
Average Jefferson County Tax Rate
0.39%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rigby, Jefferson County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83442 | 0.27% | 0.34% | 0.38% | 0.49% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Rigby, Jefferson County, Idaho
In Rigby, 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 Jefferson 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 Rigby, 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 Rigby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83442 has the highest and lowest median tax bill, both at $1,428.
Property Tax Assessment Values Across Rigby, Jefferson County, Idaho
Source: Ownwell
$159,962
$353,468
$546,974
Average Rigby Assessed Value
$363,649
Average Jefferson County Assessed Value
$327,168
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rigby, Jefferson County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83442 | $91,032 | $234,360 | $363,649 | $476,046 | $580,852 |
Source: Ownwell
Property Tax Bills Across Rigby, Jefferson County, Idaho
In Rigby, located in Jefferson County, ID, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. The median home price in Rigby stands at $363,649. To calculate the property tax, the assessed value of the property is multiplied by the local tax rate. This rate can vary, but it significantly influences the final tax bill homeowners receive. Several factors contribute to the assessed value, including the property's location, size, and condition. Additionally, any improvements or renovations can impact the assessed value. In Rigby, the property tax bills can vary widely, with the 25th percentile tax bill at $852 and the 75th percentile reaching $1,945. For those in the 90th percentile, the tax bill can go up to $2,495. This variation means that homeowners in Rigby may experience differing levels of financial impact based on their property's assessed value and the corresponding tax rate. The highest and lowest median tax bills in Rigby both stand at $1,428, reflecting the uniformity in certain areas.
Average Rigby Tax Bill
$1,428
Average Jefferson County Tax Bill
$1,302
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Rigby, Jefferson County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83442 | $233 | $852 | $1,428 | $1,945 | $2,495 |
Source: Ownwell