Emmett, Idaho Property Taxes
The median property tax rate in Emmett, Idaho is 0.39%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Emmett at $348,966, the typical annual property tax bill reaches $1,527, well below the national median of $2,690. Property taxes in Emmett are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Emmett'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 Emmett 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
Emmett, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$1,361
Ownwell’s Emmett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Emmett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Emmett 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 Emmett, Idaho
Property taxes in Emmett, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Emmett is 0.39%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Emmett set these rates annually, and they can vary across different neighborhoods. Each year, Emmett 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 Emmett's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is found in zip code 83702 with a rate of 0.79%, while the lowest median tax rate is in zip code 83254 at 0.25%. Understanding how these cities compare with Emmett provides valuable insights into the varying tax landscape across Payette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Emmett Tax Rate
0.39%
Average Payette County Tax Rate
0.33%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emmett, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83617 | 0.19% | 0.23% | 0.39% | 0.68% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Emmett, Idaho
In Emmett, 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 Payette County Assessor 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 Emmett, 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 Emmett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Emmett is 83617, with a median tax bill of $1,527.
Average Emmett Assessed Value
$348,966
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 Emmett, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83617 | $220,141 | $247,872 | $348,966 | $480,825 | $626,816 |
Source: Ownwell
Property Tax Bills Across Emmett, Idaho
In Emmett, located in Payette County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. For example, with a median home price of $348,966, homeowners can expect to pay varying tax amounts depending on their specific property value and applicable exemptions. Factors such as property size, location, and any improvements made to the home can influence the assessed value. In Emmett, the property tax bill at the 25th percentile is $927, while at the 75th percentile, it rises to $1,784. For those in the 90th percentile, the tax bill reaches $1,942. Comparatively, the highest and lowest median tax bills in the area are both $1,527, reflecting a relatively consistent tax rate within the region. These property taxes significantly impact homeowners, influencing their overall cost of living and potentially affecting decisions related to property investment and homeownership.
Average Emmett Tax Bill
$1,527
Average Payette County Tax Bill
$1,100
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Emmett, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83617 | $569 | $927 | $1,527 | $1,784 | $1,942 |
Source: Ownwell