Oneida County Property Taxes
The median property tax rate in Oneida County is 0.65%, which is higher than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Oneida County at $194,076, the typical annual property tax bill reaches $1,237, which is significantly lower than the national median of $2,690. Property taxes in Oneida County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Oneida County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Malad City or another part of Oneida County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oneida County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,261
Ownwell’s Oneida Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Oneida with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Oneida 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 Oneida County, Idaho
Property taxes in Oneida County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Oneida County is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Oneida County set these rates annually, and they can vary significantly between different areas within the county. Each year, Oneida 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 Oneida County's effective property tax rate with other areas in Idaho and the national median. For comparison, the city of Holbrook has one of the higher property tax rates in Idaho at 0.72%, while the city of Malta boasts one of the lowest at 0.56%. Analyzing how Oneida County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Oneida County Tax Rate
0.65%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oneida County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Holbrook | 0.48% | 0.58% | 0.72% | 0.84% | 1.06% |
| Malad City | 0.44% | 0.50% | 0.65% | 0.78% | 1.16% |
| Malta | 0.46% | 0.52% | 0.56% | 0.62% | 0.67% |
| Stone | 0.46% | 0.51% | 0.58% | 0.77% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Oneida County, Idaho
In Oneida 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 Oneida 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 Oneida 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. In Oneida County, the highest median tax bill is found in Malad City at $1,265, while Stone has the lowest median tax bill at $674. Being aware of these valuation processes in Oneida County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Oneida County Assessed Value
$194,076
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oneida County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Holbrook | $47,330 | $75,835 | $104,722 | $158,553 | $273,358 |
| Malad City | $52,154 | $134,499 | $198,006 | $261,944 | $353,316 |
| Malta | $95,567 | $161,448 | $166,985 | $201,889 | $389,485 |
| Stone | $32,817 | $69,600 | $108,217 | $179,138 | $249,726 |
Source: Ownwell
Property Tax Bills Across Oneida County, Idaho
In Oneida County, ID, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Oneida County see a range of tax bills depending on various factors including home value and location. For instance, the median home price in the county is $194,076. Property tax bills in the 25th percentile are around $771, while those in the 75th percentile reach approximately $1,646. At the 90th percentile, tax bills can go up to $2,173. The highest median tax bill is found in Malad City at $1,265, whereas Stone has the lowest median tax bill at $674. These variations impact homeowners differently depending on their specific property values and the local tax rates applied. Comparing these figures with the national median property tax rate of 0.99%, Oneida County's property tax rates can significantly affect a homeowner's annual expenses.
Average Oneida County Tax Bill
$1,237
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Oneida County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Holbrook | $413 | $598 | $777 | $966 | $1,502 |
| Malad City | $349 | $812 | $1,265 | $1,667 | $2,198 |
| Malta | $408 | $781 | $940 | $1,066 | $2,338 |
| Stone | $327 | $503 | $674 | $984 | $1,305 |
Source: Ownwell