Hayden Lake, Idaho Property Taxes
The median property tax rate in Hayden Lake, ID is 0.43%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With a median home value of $358,658 in Hayden Lake, the typical annual property tax bill is $1,530, well below the national median of $2,690. Property taxes in Hayden Lake 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 Hayden Lake'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 Hayden Lake 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
Hayden Lake, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,542
$1,431
Ownwell’s Hayden Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hayden Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hayden Lake 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 Hayden Lake, Idaho
Property taxes in Hayden Lake, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hayden Lake is 0.43%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Hayden Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hayden Lake 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 Hayden Lake's effective property tax rate to other areas in Idaho and the national median. For comparison, the 83835 zip code has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these areas compare with Hayden Lake 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 Hayden Lake Tax Rate
0.43%
Average Kootenai County Tax Rate
0.32%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hayden Lake, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83835 | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Hayden Lake, Idaho
In Hayden Lake, 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. In Hayden Lake, 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 Hayden Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hayden Lake is $358,658, with tax bills ranging from $1,061 at the 25th percentile to $9,921 at the 90th percentile. The zip code 83835 has the highest and lowest median tax bill at $1,530.
Average Hayden Lake Assessed Value
$358,658
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 Hayden Lake, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83835 | $181,216 | $247,756 | $358,658 | $1,579,212 | $2,311,544 |
Source: Ownwell
Property Tax Bills Across Hayden Lake, Idaho
In Hayden Lake, property tax bills are calculated based on the assessed value of a property, which is determined by the Kootenai County Assessor's Office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Hayden Lake, the median home price is $358,658, which provides a benchmark for understanding typical tax bills in the area. Tax bills in Hayden Lake can vary significantly. For instance, at the 25th percentile, homeowners might see a tax bill of around $1,061, while those at the 75th percentile could face taxes as high as $6,774. At the 90th percentile, the tax bill can reach up to $9,921. The highest and lowest median tax bills in the area both stand at $1,530, indicating a relatively uniform tax rate across different properties. Compared to the national median property tax rate of 0.99%, Hayden Lake's tax rates can be seen as competitive, potentially offering some financial relief to homeowners in this picturesque Idaho community.
Average Hayden Lake Tax Bill
$1,530
Average Kootenai County Tax Bill
$1,799
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Hayden Lake, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83835 | $779 | $1,061 | $1,530 | $6,774 | $9,921 |
Source: Ownwell