Power County, Idaho Property Taxes
The median property tax rate in Power County is 0.72%, which is significantly higher than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Power County at $187,674, the typical annual property tax bill reaches $1,630, which is below the national median of $2,690. Property taxes in Power County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Power 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 American Falls or another part of Power County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Power County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,351
$1,254
Ownwell’s Power County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Power County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Power 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 Power County, Idaho
Property taxes in Power County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Power County is 0.72%, which is higher than the U.S. national median of 0.99%. Local government entities within Power County set these rates annually, and they can vary significantly between different areas within the county. Each year, Power 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 Power County's effective property tax rate with other counties in Idaho and the national median. For comparison, the city of American Falls has one of the higher property tax rates in Idaho at 0.72%, while the city of Arbon boasts one of the lowest at 0.46%. Analyzing how Power County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Power County Tax Rate
0.72%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Power County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| American Falls | 0.59% | 0.71% | 0.72% | 0.87% | 1.71% |
| Arbon | 0.36% | 0.39% | 0.46% | 0.80% | 0.90% |
| Pocatello | 0.51% | 0.55% | 0.62% | 0.82% | 1.19% |
| Rockland | 0.56% | 0.62% | 0.66% | 1.24% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Power County, Idaho
In Power County, understanding the distinction between "market value" and "assessed value" is essential for 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 Power 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 Power 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. For instance, American Falls has the highest median tax bill at $1,744, while Arbon has the lowest at $864. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Power County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Power County Assessed Value
$187,674
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Power County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| American Falls | $11,313 | $79,849 | $201,983 | $274,223 | $348,520 |
| Arbon | $3,910 | $71,032 | $165,867 | $236,394 | $281,346 |
| Pocatello | $19,066 | $40,940 | $95,845 | $194,368 | $282,720 |
| Rockland | $17,555 | $76,297 | $136,900 | $220,700 | $293,420 |
Source: Ownwell
Property Tax Bills Across Power County, Idaho
In Power County, Idaho, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the home's location, size, and condition. For instance, the median home price in Power County is $187,674. Homeowners in Power County can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,105, while those in the 75th percentile pay about $2,430. At the higher end, the 90th percentile tax bill reaches $3,429. Comparatively, American Falls has the highest median tax bill in the county at $1,744, whereas Arbon has the lowest at $864. These property taxes fund essential community services such as schools, public safety, and infrastructure. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Power County Tax Bill
$1,630
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Power County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| American Falls | $815 | $1,298 | $1,744 | $2,579 | $3,606 |
| Arbon | $486 | $596 | $864 | $1,291 | $1,612 |
| Pocatello | $273 | $632 | $996 | $1,472 | $2,191 |
| Rockland | $394 | $682 | $1,112 | $1,550 | $2,812 |
Source: Ownwell