Post Falls, Idaho Property Taxes
The median property tax rate in Post Falls, ID is 0.32%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Post Falls at $489,432, the typical annual property tax bill is $1,632, which is well below the national median of $2,690. Property taxes in Post Falls are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Post Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Post Falls 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
Post Falls, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$1,566
Ownwell’s Post Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Post Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Post Falls 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 Post Falls, Idaho
Property taxes in Post Falls, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Post Falls is 0.81%, which is higher than the Idaho state median of 0.63% but still below the U.S. national median of 0.99%. Local government entities within Post Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Post Falls 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 Post Falls' effective property tax rate to other areas in Idaho and the national median. For comparison, ZIP code 83854 has the highest median property tax rate of 0.81%, while ZIP code 83814 has the lowest median tax rate of 0.32%. Understanding how these areas compare with Post Falls 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 Post Falls Tax Rate
0.32%
Average Kootenai County Tax Rate
0.32%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Post Falls, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83854 | 0.23% | 0.29% | 0.32% | 0.40% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Post Falls, Idaho
In Post Falls, 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 Post Falls, 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 Post Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83854 has the highest and lowest median tax bill, both at $1,632.
Average Post Falls Assessed Value
$489,432
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 Post Falls, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83854 | $226,534 | $410,766 | $489,432 | $608,865 | $806,446 |
Source: Ownwell
Property Tax Bills Across Post Falls, Idaho
In Post Falls, located in Kootenai County, ID, property tax bills are calculated based on the assessed value of a property. The assessment process determines the market value of a home, which is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, the median home price in Post Falls is $489,432. Homeowners in the 25th percentile typically see tax bills around $1,184, while those in the 75th percentile pay approximately $2,327. At the 90th percentile, tax bills can reach up to $3,036. The zip code 83854 has the highest and lowest median tax bill, both at $1,632, reflecting a consistent rate within that area. Compared to the national median property tax rate of 0.99%, Post Falls offers a relatively competitive tax environment. This can significantly impact homeowners by affecting their annual financial planning and overall cost of homeownership.
Average Post Falls Tax Bill
$1,632
Average Kootenai County Tax Bill
$1,799
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Post Falls, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83854 | $463 | $1,184 | $1,632 | $2,327 | $3,036 |
Source: Ownwell