Latah County Property Taxes
The median property tax rate in Latah County is 0.67%, which is higher than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $393,996, the typical annual property tax bill in Latah County reaches $2,676, slightly below the national median of $2,690. Property taxes in Latah County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Latah County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Moscow or another part of Latah County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Latah County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$2,640
$2,450
Ownwell’s Latah County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Latah County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Latah County to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Latah County, Idaho
Property taxes in Latah County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Latah County is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Latah County set these rates annually, and they can vary significantly between different areas within the county. Each year, Latah County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Latah County's effective property tax rate with other regions and the national median. For comparison, the city of Genesee has one of the higher property tax rates in the area at 0.76%, while the city of Deary boasts one of the lowest at 0.50%. Analyzing how Latah County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Latah County Tax Rate
0.67%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Latah County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bovill | 0.51% | 0.55% | 0.66% | 1.37% | 1.37% |
| Deary | 0.38% | 0.44% | 0.50% | 0.71% | 0.87% |
| Desmet | 0.45% | 0.47% | 0.52% | 0.75% | 0.76% |
| Genesee | 0.58% | 0.67% | 0.76% | 0.85% | 1.35% |
| Harvard | 0.32% | 0.43% | 0.50% | 0.76% | 0.85% |
| Juliaetta | 0.51% | 0.51% | 0.59% | 1.23% | 1.23% |
| Kendrick | 0.45% | 0.53% | 0.57% | 0.83% | 1.29% |
| Moscow | 0.54% | 0.62% | 0.70% | 0.82% | 1.14% |
| Onaway | 0.32% | 0.32% | 0.37% | 0.56% | 0.75% |
| Potlatch | 0.39% | 0.44% | 0.50% | 0.66% | 1.06% |
| Princeton | 0.33% | 0.42% | 0.50% | 0.55% | 0.75% |
| Troy | 0.41% | 0.45% | 0.51% | 0.60% | 0.80% |
| Viola | 0.39% | 0.49% | 0.56% | 0.61% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Latah County, Idaho
In Latah County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Latah County Appraisal District. The assessed value, however, 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 in Latah County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in the county is $393,996, with tax bills ranging from $1,660 at the 25th percentile to $4,706 at the 90th percentile. Moscow has the highest median tax bill at $3,054, while Bovill has the lowest at $611. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Latah County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Latah County Assessed Value
$393,996
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Latah County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bovill | $23,177 | $40,762 | $73,904 | $131,901 | $345,675 |
| Deary | $70,241 | $218,760 | $351,881 | $489,363 | $598,153 |
| Desmet | $375,592 | $431,975 | $514,304 | $645,671 | $727,488 |
| Genesee | $126,420 | $269,878 | $363,076 | $453,244 | $558,970 |
| Harvard | $30,675 | $186,482 | $325,290 | $437,340 | $575,905 |
| Juliaetta | $13,638 | $115,746 | $191,850 | $261,022 | $357,571 |
| Kendrick | $61,527 | $155,237 | $267,106 | $462,712 | $548,896 |
| Moscow | $190,337 | $327,138 | $412,484 | $512,301 | $628,065 |
| Onaway | $57,200 | $106,816 | $178,087 | $237,069 | $417,421 |
| Potlatch | $129,202 | $206,441 | $305,940 | $425,918 | $553,630 |
| Princeton | $169,482 | $270,662 | $385,345 | $532,224 | $643,455 |
| Troy | $199,604 | $301,971 | $397,197 | $509,848 | $617,856 |
| Viola | $242,459 | $348,695 | $489,616 | $629,786 | $742,168 |
Source: Ownwell
Property Tax Bills Across Latah County, Idaho
In Latah County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a significant role in this assessment. The median home price in Latah County is $393,996, which helps frame the tax expectations for homeowners. For example, a homeowner in Moscow, where the highest median tax bill is $3,054, can expect a higher tax bill compared to someone in Bovill, where the lowest median tax bill is $611. The 25th percentile tax bill is $1,660, while the 75th percentile reaches $3,662, and the 90th percentile peaks at $4,706. These figures indicate a broad range of tax obligations influenced by property values and local tax rates. Homeowners must budget accordingly, understanding that the assessed value and local tax rate will significantly impact their annual property tax bill.
Average Latah County Tax Bill
$2,676
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Latah County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bovill | $254 | $362 | $611 | $908 | $1,913 |
| Deary | $436 | $972 | $1,757 | $2,579 | $3,368 |
| Desmet | $1,845 | $2,043 | $2,888 | $4,064 | $4,651 |
| Genesee | $889 | $1,738 | $2,822 | $3,772 | $4,870 |
| Harvard | $133 | $756 | $1,579 | $2,393 | $3,280 |
| Juliaetta | $125 | $673 | $1,099 | $1,807 | $2,618 |
| Kendrick | $424 | $916 | $1,742 | $2,758 | $3,425 |
| Moscow | $1,133 | $2,226 | $3,054 | $4,034 | $4,995 |
| Onaway | $184 | $480 | $629 | $1,078 | $1,943 |
| Potlatch | $574 | $987 | $1,572 | $2,342 | $3,133 |
| Princeton | $615 | $1,172 | $1,922 | $2,829 | $3,577 |
| Troy | $827 | $1,441 | $2,125 | $2,863 | $3,676 |
| Viola | $896 | $1,790 | $2,658 | $3,697 | $4,700 |
Source: Ownwell