Payette County, Idaho Property Taxes
The median property tax rate in Payette County is 0.33%, which is significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Payette County at $332,995, the typical annual property tax bill is around $1,100, well below the national median of $2,690. Property taxes in Payette County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Payette 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 Payette or another part of Payette County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Payette County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,099
$1,020
Ownwell’s Payette County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Payette County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Payette County 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 Payette County, Idaho
Property taxes in Payette play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Payette is 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Payette set these rates annually, and they can vary between different areas within the county. Each year, Payette 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. Analyzing how Payette's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Payette County Tax Rate
0.33%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Payette County, Idaho
In Payette 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 Payette 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 Payette 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. For instance, Emmett has the highest median tax bill at $1,527, while Payette has the lowest at $933. Being aware of these valuation processes in Payette County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Payette County Assessed Value
$332,995
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Payette County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caldwell | $85,136 | $277,472 | $380,008 | $504,592 | $647,031 |
| Emmett | $220,141 | $247,872 | $348,966 | $480,825 | $626,816 |
| Fruitland | $126,530 | $285,557 | $361,434 | $457,394 | $600,119 |
| New Plymouth | $207,795 | $287,470 | $352,430 | $474,970 | $616,046 |
| Parma | $242,580 | $320,782 | $432,593 | $607,014 | $798,974 |
| Payette | $132,473 | $204,337 | $280,387 | $371,688 | $498,986 |
Source: Ownwell
Property Tax Bills Across Payette County, Idaho
In Payette County, ID, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value typically reflects a percentage of the market value, adjusted annually. This value is then multiplied by the local tax rate to determine the tax bill. Factors such as property type, exemptions, and local levies also influence the final amount. Homeowners in Payette County can expect varying tax bills, with the 25th percentile at $665 and the 75th percentile reaching $1559. The highest median tax bill within the county is $1527 in Emmett, while Payette city has the lowest median at $933. These figures highlight the range of property taxes homeowners might face, depending on their property's assessed value and location. Compared to the national median property tax rate of 0.99%, Payette County offers relatively moderate tax rates, impacting homeowners by providing a more predictable and manageable tax burden.
Average Payette County Tax Bill
$1,100
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690