Kendrick, Idaho Property Taxes
The median property tax rate in Kendrick, ID is 0.63%, which is higher than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $208,732 in Kendrick, the typical annual property tax bill reaches $1,300, falling below the national median of $2,690. Property taxes in Kendrick are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. 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
0.63%
Estimate Property Tax Bill
$1,315
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kendrick is 0.63%, which is 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 areas in Idaho and the national median. For comparison, the 83537 zip code has the same median property tax rate of 0.63%. Understanding how these cities compare with Kendrick provides valuable insights into the varying tax landscape across Nez Perce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kendrick Tax Rate
0.63%
Average Nez Perce County Tax Rate
0.81%
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 | 0.52% | 0.57% | 0.63% | 0.86% | 1.08% |
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 Nez Perce 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 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. The median home price in Kendrick is $208,732, with the highest and lowest median tax bills both being $1,300 in the 83537 zip code.
Average Kendrick Assessed Value
$208,732
Average Nez Perce County Assessed Value
$302,737
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 | $51,428 | $102,795 | $208,732 | $348,450 | $431,814 |
Source: Ownwell
Property Tax Bills Across Kendrick, Idaho
In Kendrick, located in Nez Perce 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 Kendrick is $208,732. Property tax rates in this area are applied to the assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile can expect to pay around $840 annually, while those in the 75th percentile might see bills as high as $2,137. The 90th percentile tax bill can reach up to $2,690. Several factors influence these tax bills, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Kendrick's rates can vary, impacting homeowners differently based on their property value and specific circumstances. Understanding how these elements interplay can help homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Kendrick Tax Bill
$1,300
Average Nez Perce County Tax Bill
$2,415
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 | $475 | $840 | $1,300 | $2,137 | $2,690 |
Source: Ownwell