Kendrick, Idaho Property Taxes
The median property tax rate in Kendrick, Idaho, is 0.57%, which is higher than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Kendrick at $267,106, the typical annual property tax bill reaches $1,742, falling below the national median of $2,690. Property taxes in Kendrick are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kendrick'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 Kendrick 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
Kendrick, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,523
$1,413
Ownwell’s Kendrick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kendrick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kendrick 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 Kendrick, Idaho
Property taxes in Kendrick, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kendrick is 0.57%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Kendrick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kendrick 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 Kendrick's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83537 zip code has the highest median property tax rate of 0.57%, while the same 83537 zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Kendrick 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 Kendrick Tax Rate
0.57%
Average Latah County Tax Rate
0.67%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kendrick, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83537 | 0.45% | 0.53% | 0.57% | 0.83% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Kendrick, Idaho
In Kendrick, 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 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 Kendrick, 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 Kendrick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 83537 has the highest median tax bill at $1,742.
Average Kendrick Assessed Value
$267,106
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 Kendrick, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83537 | $61,527 | $155,237 | $267,106 | $462,712 | $548,896 |
Source: Ownwell
Property Tax Bills Across Kendrick, Idaho
In Kendrick, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Several factors influence this assessment, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. In Latah County, where Kendrick is located, the tax rate can vary but is generally in line with the national median property tax rate of 0.99%. Homeowners in Kendrick can expect their tax bills to fall within a range, with the 25th percentile at $916 and the 75th percentile at $2,758. For those at the 90th percentile, the tax bill can reach up to $3,425. These taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the community’s quality of life.
Average Kendrick Tax Bill
$1,742
Average Latah County Tax Bill
$2,676
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Kendrick, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83537 | $424 | $916 | $1,742 | $2,758 | $3,425 |
Source: Ownwell