Athol, Idaho Property Taxes
The median property tax rate in Athol, Idaho is 0.28%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Athol at $657,550, the typical annual property tax bill is $1,772, which is well below the national median of $2,690. Property taxes in Athol 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 Athol'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 Athol or another part of Kootenai County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Athol, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$1,841
$1,709
Ownwell’s Athol Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Athol with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Athol 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 Athol, Idaho
Property taxes in Athol, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Athol is 0.60%, which is significantly higher than the Idaho state median of 0.69% and the U.S. national median of 0.99%. Local government entities within Athol set these rates annually, and they can vary significantly across different neighborhoods. Each year, Athol 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 Athol'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 0.69%, while the lowest median tax rate is 0.28%. Understanding how these cities compare with Athol provides valuable insights into the varying tax landscape across Kootenai County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Athol Tax Rate
0.28%
Average Kootenai County Tax Rate
0.32%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Athol, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83801 | 0.19% | 0.24% | 0.28% | 0.32% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Athol, Idaho
In Athol, 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 Kootenai 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. 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 Athol helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Athol, the highest and lowest median tax bills are both $1772, observed in the 83801 zip code.
Average Athol Assessed Value
$657,550
Average Kootenai County Assessed Value
$537,335
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Athol, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83801 | $135,341 | $460,093 | $657,550 | $830,523 | $1,022,235 |
Source: Ownwell
Property Tax Bills Across Athol, Idaho
In Athol, located in Kootenai County, ID, property tax bills are determined by a combination of the assessed value of the home and the local tax rate. The assessed value is typically a percentage of the market value of the property, which is determined by the county assessor. Homeowners in Athol experience a range of property tax bills, with the 25th percentile paying around $1,214 and those in the 75th percentile paying approximately $2,340. The highest median tax bill in the area is $1,772, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including property improvements, neighborhood developments, and changes in the local tax rate. For homeowners, these tax bills represent a significant part of their annual expenses and can impact their financial planning. Understanding how these taxes are calculated can help homeowners anticipate their yearly obligations and manage their budgets more effectively.
Average Athol Tax Bill
$1,772
Average Kootenai County Tax Bill
$1,799
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Athol, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83801 | $360 | $1,214 | $1,772 | $2,340 | $2,915 |
Source: Ownwell