Minidoka County, Idaho Property Taxes
The median property tax rate in Minidoka County is 0.49%, which is slightly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Minidoka County at $229,100, the typical annual property tax bill amounts to $1,155, well below the national median of $2,690. Property taxes in Minidoka 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 Minidoka 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 Rupert or another part of Minidoka County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Minidoka County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,123
$1,042
Ownwell’s Minidoka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Minidoka with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Minidoka to estimate your property tax bill. This insight 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 Minidoka County, Idaho
Property taxes in Minidoka County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Minidoka County is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Minidoka County set these rates annually, and they can vary significantly between different areas within the county. Each year, Minidoka 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 Minidoka County's effective property tax rate with other areas in Idaho and the national median. For comparison, the city of Burley has one of the higher property tax rates in Idaho at 0.53%, while the city of Rupert boasts one of the lowest at 0.48%. Analyzing how Minidoka County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Minidoka County Tax Rate
0.49%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Minidoka County, Idaho
In Minidoka 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 Minidoka 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 Minidoka 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. 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 Minidoka County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For example, Hazelton has the highest median tax bill at $2,790, while Minidoka has the lowest at $503. Understanding these differences can significantly impact your financial planning and property management.
Average Minidoka County Assessed Value
$229,100
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Minidoka County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Acequia | N/A | N/A | N/A | N/A | N/A |
| Burley | $171,251 | $182,305 | $254,835 | $342,060 | $457,304 |
| Hazelton | N/A | N/A | N/A | N/A | N/A |
| Heyburn | $66,391 | $169,502 | $232,434 | $350,148 | $481,742 |
| Minidoka | N/A | N/A | N/A | N/A | N/A |
| Paul | $57,156 | $154,650 | $250,698 | $350,530 | $487,397 |
| Rupert | $52,793 | $146,832 | $222,558 | $337,248 | $470,571 |
Source: Ownwell
Property Tax Bills Across Minidoka County, Idaho
In Minidoka County, ID, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. 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 influence the assessed value. For homeowners in Minidoka County, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $796, while the 75th percentile reaches $1765, and the 90th percentile can go up to $2556. Comparatively, the national median property tax rate is 0.99%, making Minidoka County's rates relatively moderate. However, within the county, there are notable differences; Hazelton has the highest median tax bill at $2790, whereas Minidoka has the lowest at $503. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners. Understanding how these taxes are calculated can help homeowners budget and plan for their financial future.
Average Minidoka County Tax Bill
$1,155
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690