Reubens, Idaho Property Taxes
The median property tax rate in Reubens, ID is 0.85%, which is lower than the national median of 0.99% but higher than the Idaho state median of 0.50%. With the median home value in Reubens at $94,076, the typical annual property tax bill amounts to $888, which is significantly below the national median of $2,690. Property taxes in Reubens are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Reubens's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Reubens 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
Reubens, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$800
Ownwell’s Reubens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reubens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reubens 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 Reubens, Idaho
Property taxes in Reubens, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reubens is 0.85%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Reubens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reubens 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 Reubens' effective property tax rate to other counties in Idaho and the national median. For comparison, the 83548 zip code has the highest median property tax rate of 0.85%, while the 83548 zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Reubens 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 Reubens Tax Rate
0.85%
Average Lewis County Tax Rate
0.83%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reubens, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83548 | 0.63% | 0.72% | 0.85% | 1.53% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Reubens, Idaho
In Reubens, 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 Reubens, 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 Reubens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83548 has both the highest and lowest median tax bills at $888, reflecting the uniformity in property tax assessments in the area.
Average Reubens Assessed Value
$94,076
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 Reubens, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83548 | $42,055 | $62,228 | $94,076 | $153,858 | $251,066 |
Source: Ownwell
Property Tax Bills Across Reubens, Idaho
In Reubens, located in Lewis County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Reubens is $94,076. Property tax rates are applied to this assessed value to determine the annual tax bill. Various factors such as property size, location, and improvements can influence the assessed value, impacting the overall tax bill. Homeowners in Reubens can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $514, whereas the 75th percentile tax bill reaches up to $1,527. At the 90th percentile, homeowners may see tax bills as high as $2,479. The highest and lowest median tax bills in the area both stand at $888, indicating some consistency in tax assessments within the ZIP code 83548. Compared to the national median property tax rate of 0.99%, Reubens offers a relatively affordable property tax environment, providing some financial relief to homeowners while still supporting local services and infrastructure.
Average Reubens Tax Bill
$888
Average Lewis County Tax Bill
$1,222
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Reubens, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83548 | $250 | $514 | $888 | $1,527 | $2,479 |
Source: Ownwell