New Plymouth, Payette County, Idaho Property Taxes
The median property tax rate in New Plymouth, ID is 0.28%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $352,430 in New Plymouth, the typical annual property tax bill is $1,137, well below the national median of $2,690. Property taxes in New Plymouth are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Plymouth'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 New Plymouth 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
New Plymouth, Payette County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$987
$916
Ownwell’s New Plymouth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Plymouth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Plymouth 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 New Plymouth, Payette County, Idaho
Property taxes in New Plymouth, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Plymouth is 0.28%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within New Plymouth set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Plymouth 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 New Plymouth's effective property tax rate to other counties in Idaho and the national median. Understanding how these cities compare with New Plymouth 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 New Plymouth Tax Rate
0.28%
Average Payette County Tax Rate
0.33%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Plymouth, Payette County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83655 | 0.20% | 0.23% | 0.28% | 0.38% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across New Plymouth, Payette County, Idaho
In New Plymouth, 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 New Plymouth, 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 New Plymouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,137, found in the 83655 zip code.
Property Tax Assessment Values Across New Plymouth, Payette County, Idaho
Source: Ownwell
$280,387
$356,490
$432,593
Average New Plymouth Assessed Value
$352,430
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 New Plymouth, Payette County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83655 | $207,795 | $287,470 | $352,430 | $474,970 | $616,046 |
Source: Ownwell
Property Tax Bills Across New Plymouth, Payette County, Idaho
In New Plymouth, located in Payette County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. Homeowners in New Plymouth experience a range of property tax bills, with the median tax bill at approximately $1,137. The tax bill calculation considers several factors, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, a home with an assessed value close to the median home price of $352,430 will have a tax bill reflecting the local tax rate. Tax bills can vary significantly; the 25th percentile tax bill is around $729, while the 75th percentile reaches $1,561, and the 90th percentile can go up to $2,079. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in New Plymouth.
Average New Plymouth Tax Bill
$1,137
Average Payette County Tax Bill
$1,100
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across New Plymouth, Payette County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83655 | $387 | $729 | $1,137 | $1,561 | $2,079 |
Source: Ownwell