Saint Maries, Kootenai County, Idaho Property Taxes
The median property tax rate in Saint Maries, Idaho is 0.27%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Saint Maries at $294,502, the typical annual property tax bill is approximately $695, well below the national median of $2,690. Property taxes in Saint Maries are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Saint Maries' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Saint Maries 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
Saint Maries, Kootenai County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$795
$738
Ownwell’s Saint Maries Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Saint Maries with just two data points. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Saint Maries to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, making financial planning easier. For those interested in more localized insights, scroll down to explore neighborhood-level trends. Your property’s assessed value, determined by the county, forms the basis for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Saint Maries, Kootenai County, Idaho
Property taxes in Saint Maries, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Maries is 0.55%, significantly higher than the Idaho state median of 0.69% but still below the U.S. national median of 0.99%. Local government entities within Saint Maries set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Maries 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 Saint Maries' effective property tax rate to other counties in Idaho and the national median. For comparison, the 83861 zip code has the highest median property tax rate of 0.55%, while 83861 has the lowest median tax rate of 0.55%. Understanding how these cities compare with Saint Maries 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 Saint Maries Tax Rate
0.27%
Average Kootenai County Tax Rate
0.32%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Maries, Kootenai County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | 0.16% | 0.20% | 0.27% | 0.36% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Saint Maries, Kootenai County, Idaho
In Saint Maries, 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 Saint Maries, 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 Saint Maries helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $695.00, specifically in the 83861 zip code.
Property Tax Assessment Values Across Saint Maries, Kootenai County, Idaho
Source: Ownwell
$294,502
$584,456
$874,410
Average Saint Maries Assessed Value
$294,502
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 Saint Maries, Kootenai County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | $37,050 | $115,814 | $294,502 | $451,692 | $640,404 |
Source: Ownwell
Property Tax Bills Across Saint Maries, Kootenai County, Idaho
Property tax bills in Saint Maries, located in Kootenai County, ID, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For Saint Maries, the median home price is $294,502. Tax bills can vary significantly, with the 25th percentile tax bill at $286 and the 75th percentile tax bill reaching $1,101. The 90th percentile tax bill is even higher at $1,473. These tax bills are influenced by several factors, including property size, location, and market conditions. Homeowners in Saint Maries should be aware that their property tax bills will directly impact their annual financial planning. Compared to the national median property tax rate of 0.99%, the tax rates in Saint Maries offer a range of affordability, depending on the specific property and its assessed value. This variability ensures that property taxes are proportionate to the value and characteristics of each home.
Average Saint Maries Tax Bill
$695
Average Kootenai County Tax Bill
$1,799
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Maries, Kootenai County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83861 | $121 | $286 | $695 | $1,101 | $1,473 |
Source: Ownwell