Rathdrum, Kootenai County, Idaho Property Taxes
The median property tax rate in Rathdrum, Idaho is 0.33%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Rathdrum at $497,540, the typical annual property tax bill amounts to $1,639, which is well below the national median of $2,690. Property taxes in Rathdrum are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Rathdrum'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 Rathdrum 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
Rathdrum, Kootenai County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,642
$1,524
Ownwell’s Rathdrum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rathdrum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rathdrum 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 Rathdrum, Kootenai County, Idaho
Property taxes in Rathdrum, Idaho, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Rathdrum is 0.55%, which is higher than both the Idaho state median of 0.69% and the U.S. national median of 0.99%. Local government entities within Rathdrum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rathdrum 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 Rathdrum's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83858 zip code has the highest median property tax rate of 0.55%, while the 83854 zip code has the lowest median tax rate of 0.45%. Understanding how these cities compare with Rathdrum 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 Rathdrum Tax Rate
0.33%
Average Kootenai County Tax Rate
0.32%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rathdrum, Kootenai County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83858 | 0.23% | 0.28% | 0.33% | 0.38% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Rathdrum, Kootenai County, Idaho
In Rathdrum, 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 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 Rathdrum, 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 Rathdrum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 83858, with a median tax bill of $1,639.
Property Tax Assessment Values Across Rathdrum, Kootenai County, Idaho
Source: Ownwell
$294,502
$584,456
$874,410
Average Rathdrum Assessed Value
$497,540
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 Rathdrum, Kootenai County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83858 | $171,992 | $381,670 | $497,540 | $709,724 | $967,394 |
Source: Ownwell
Property Tax Bills Across Rathdrum, Kootenai County, Idaho
In Rathdrum, Kootenai County, ID, property tax bills are calculated based on the assessed value of your home, which is then multiplied by the local tax rate. The assessed value is determined by the county assessor, who evaluates the property’s market value. Various factors such as the size, location, and condition of the property influence this assessment. Homeowners in Rathdrum experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $1,181, while at the 75th percentile, it rises to $2,391. Those at the 90th percentile see bills as high as $3,073. The median home price in Rathdrum is $497,540, which plays a significant role in determining the tax bill. Comparatively, the national median property tax rate is 0.99%, which can serve as a benchmark for understanding local tax obligations. The highest and lowest median tax bills in the region are both $1,639, found in the 83858 zip code, indicating a level of consistency within that area. This system ensures that property taxes are proportionate to property values, impacting homeowners' annual financial planning.
Average Rathdrum Tax Bill
$1,639
Average Kootenai County Tax Bill
$1,799
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Rathdrum, Kootenai County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83858 | $393 | $1,181 | $1,639 | $2,391 | $3,073 |
Source: Ownwell