Ririe, Jefferson County, Idaho Property Taxes
The median property tax rate in Ririe, ID is 0.38%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Ririe at $159,962, the typical annual property tax bill is $539, well below the national median of $2,690. Property taxes in Ririe are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Ririe'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 Ririe or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ririe, Jefferson County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$608
$564
Ownwell’s Ririe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ririe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ririe 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 Ririe, Jefferson County, Idaho
Property taxes in Ririe, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ririe is 0.61%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Ririe set these rates annually, and they can vary across different neighborhoods. Each year, Ririe 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 Ririe'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 83702 with a rate of 1.04%, while the lowest median tax rate is in 83252 at 0.44%. Understanding how these cities compare with Ririe 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 Ririe 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 Ririe, Jefferson County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83443 | 0.26% | 0.30% | 0.38% | 0.69% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Ririe, Jefferson County, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ririe, 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 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 Ririe, 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 Ririe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Ririe, the median home price is $159,962, with tax bills ranging from $122 at the 25th percentile to $1,411 at the 90th percentile. The zip code 83443 has the highest median tax bill at $539.
Property Tax Assessment Values Across Ririe, Jefferson County, Idaho
Source: Ownwell
$159,962
$353,468
$546,974
Average Ririe Assessed Value
$159,962
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 Ririe, Jefferson County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83443 | $3,000 | $33,368 | $159,962 | $221,426 | $328,468 |
Source: Ownwell
Property Tax Bills Across Ririe, Jefferson County, Idaho
In Ririe, located in Jefferson County, Idaho, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies a specific assessment ratio. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Ririe, the median home price is $159,962. Property tax bills in this area can vary significantly, with the 25th percentile tax bill at $122 and the 75th percentile reaching $997. The 90th percentile tax bill can go up to $1,411. The highest median tax bill in the city is $539, as seen in the 83443 zip code, which is also the lowest median tax bill. Compared to the national median property tax rate of 0.99%, Ririe's property tax rates can offer significant savings for homeowners, making it an attractive location for those looking to minimize their annual property tax expenses.
Average Ririe Tax Bill
$539
Average Jefferson County Tax Bill
$1,302
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Ririe, Jefferson County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83443 | $21 | $122 | $539 | $997 | $1,411 |
Source: Ownwell