Kamiah, Idaho Property Taxes
The median property tax rate in Kamiah, ID is 0.56%, slightly higher than the Idaho state median of 0.50% but still below the national median of 0.99%. With the median home value in Kamiah at $180,297, the typical annual property tax bill is approximately $930, which is considerably lower than the national median of $2,690. Property taxes in Kamiah are determined based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Kamiah'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 Kamiah or another part of Lewis County, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kamiah, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,010
$937
Ownwell’s Kamiah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kamiah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kamiah 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 Kamiah, Idaho
Property taxes in Kamiah, Idaho, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kamiah is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Kamiah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kamiah 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 Kamiah's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83536 zip code has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Kamiah provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kamiah Tax Rate
0.56%
Average Lewis County Tax Rate
0.83%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kamiah, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83536 | 0.40% | 0.43% | 0.56% | 0.97% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Kamiah, Idaho
In Kamiah, 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 Lewis 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 Kamiah, 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 Kamiah 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 in Kamiah is 83536, with a median tax bill of $930.
Average Kamiah Assessed Value
$180,297
Average Lewis County Assessed Value
$168,051
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kamiah, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83536 | $14,830 | $106,201 | $180,297 | $234,446 | $299,643 |
Source: Ownwell
Property Tax Bills Across Kamiah, Idaho
Property tax bills in Kamiah, located in Lewis County, ID, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Kamiah, the median home price stands at $180,297. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile at $556 and the 75th percentile at $1378. The 90th percentile tax bill reaches up to $1821. These figures indicate a range of potential tax burdens, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Kamiah's rates can be relatively moderate, providing some relief to homeowners. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Kamiah Tax Bill
$930
Average Lewis County Tax Bill
$1,222
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Kamiah, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83536 | $207 | $556 | $930 | $1,378 | $1,821 |
Source: Ownwell