Reubens, Idaho Property Taxes
The median property tax rate in Reubens, ID is 0.58%, slightly above the state median of 0.50% but below the national median of 0.99%. With the median home value in Reubens at $262,352, the typical annual property tax bill amounts to $1,667, which is lower than the national median of $2,690. Property taxes in Reubens are determined based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Reubens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Reubens or another part of the city, familiarizing yourself with 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
0.58%
Estimate Property Tax Bill
$1,522
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 Nez Perce County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Reubens, Idaho
Property taxes in Reubens, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reubens is 0.58%, which is lower than 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 zip code 83548 has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with Reubens 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 Reubens Tax Rate
0.58%
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 Reubens, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83548 | 0.49% | 0.50% | 0.58% | 0.84% | 0.96% |
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 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 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. The median home price in Reubens is $262,352, with tax bills ranging from $1,191 at the 25th percentile to $2,663 at the 90th percentile. The highest and lowest median tax bills are both $1,667 in the 83548 zip code. 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.
Average Reubens Assessed Value
$262,352
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 Reubens, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83548 | $106,507 | $139,541 | $262,352 | $406,890 | $479,910 |
Source: Ownwell
Property Tax Bills Across Reubens, Idaho
Property tax bills in Reubens, Nez Perce County, ID, are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Various factors, including the property's location, size, and condition, are considered to determine its market value. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. In Reubens, the median home price is $262,352. Homeowners in the 25th percentile can expect a tax bill around $1,191, while those in the 75th percentile may see bills closer to $2,046. The 90th percentile tax bill reaches approximately $2,663. The highest and lowest median tax bills in the area are both recorded at $1,667 in the zip code 83548. Understanding how these factors influence property taxes helps homeowners plan their finances better and anticipate annual expenses related to property ownership.
Average Reubens Tax Bill
$1,667
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 Reubens, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83548 | $801 | $1,191 | $1,667 | $2,046 | $2,663 |
Source: Ownwell