Juliaetta, Idaho Property Taxes
The median property tax rate in Juliaetta, ID is 0.59%, slightly higher than the Idaho state median of 0.50% but lower than the national median of 0.99%. With a median home value of $191,850, the typical annual property tax bill in Juliaetta reaches $1,099, well below the national median of $2,690. Property taxes in Juliaetta are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Juliaetta'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 Juliaetta or another part of Latah County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Juliaetta, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$1,132
$1,050
Ownwell’s Juliaetta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Juliaetta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Juliaetta 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 Juliaetta, Idaho
Property taxes in Juliaetta, Idaho, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Juliaetta is 0.59%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Juliaetta set these rates annually, and they can vary across different neighborhoods. Each year, Juliaetta 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 Juliaetta's effective property tax rate to other areas in Latah County and the national median. For comparison, the zip code 83535 has the same median property tax rate of 0.59%. Understanding how these areas compare with Juliaetta provides valuable insights into the varying tax landscape across Latah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Juliaetta Tax Rate
0.59%
Average Latah County Tax Rate
0.67%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Juliaetta, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83535 | 0.51% | 0.51% | 0.59% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Juliaetta, Idaho
In Juliaetta, 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 Latah 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 Juliaetta, 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 Juliaetta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83535 has the highest and lowest median tax bill at $1099, highlighting the uniformity in property tax assessments in the area.
Average Juliaetta Assessed Value
$191,850
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 Juliaetta, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83535 | $13,638 | $115,746 | $191,850 | $261,022 | $357,571 |
Source: Ownwell
Property Tax Bills Across Juliaetta, Idaho
In Juliaetta, located in Latah County, ID, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor, who evaluates the property's market value and then applies an assessment ratio. Homeowners in Juliaetta see a median home price of $191,850. Property tax bills can vary significantly, with the 25th percentile tax bill at $673 and the 75th percentile reaching $1,807. The top 10% of property tax bills can go up to $2,618. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. These taxes are essential for funding local services such as schools, public safety, and infrastructure. Homeowners in Juliaetta should note that while their tax bills may seem high, they are relatively moderate compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate and manage their annual property tax expenses.
Average Juliaetta Tax Bill
$1,099
Average Latah County Tax Bill
$2,676
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Juliaetta, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83535 | $125 | $673 | $1,099 | $1,807 | $2,618 |
Source: Ownwell