American Falls, Idaho Property Taxes
The median property tax rate in American Falls, ID is 0.72%, which is lower than the national median of 0.99% but higher than the Idaho state median of 0.50%. With the median home value in American Falls at $201,983, the typical annual property tax bill comes to $1,744, significantly less than the national median of $2,690. Property taxes in American Falls are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding American Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of American Falls 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
American Falls, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,454
Ownwell's AMERICAN FALLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in AMERICAN FALLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in AMERICAN FALLS 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 American Falls, Idaho
Property taxes in American Falls, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in American Falls is 0.72%, lower than the U.S. national median of 0.99%. Local government entities within American Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, American Falls 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 American Falls' effective property tax rate to other counties in Idaho and the national median. For comparison, the zip code 83211 has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with American Falls provides valuable insights into the varying tax landscape across Power County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average American Falls Tax Rate
0.72%
Average Power County Tax Rate
0.72%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across American Falls, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83211 | 0.59% | 0.71% | 0.72% | 0.87% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across American Falls, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in American Falls, Idaho. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Power 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 American Falls, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in American Falls is $1,744 in the 83211 zip code, and the lowest median tax bill is also $1,744 in the same zip code.
Average American Falls Assessed Value
$201,983
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 American Falls, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83211 | $11,313 | $79,849 | $201,983 | $274,223 | $348,520 |
Source: Ownwell
Property Tax Bills Across American Falls, Idaho
Property tax bills in American Falls, located in Power County, ID, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value of the home. In American Falls, the median home price is $201,983. Homeowners can expect their property tax bills to vary significantly based on their property's assessed value and specific location within the city. For instance, tax bills in the 25th percentile are around $1,298, while those in the 75th percentile reach up to $2,579. The highest tax bills, in the 90th percentile, can go as high as $3,606. The median tax bill in the area is $1,744, which is lower than the national median property tax rate of 0.99%. This relatively lower tax rate can make homeownership more affordable in American Falls compared to other regions. However, the variability in tax bills means that individual homeowners may experience different financial impacts based on their property's valuation and the specific tax rate applied.
Average American Falls Tax Bill
$1,744
Average Power County Tax Bill
$1,630
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across American Falls, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83211 | $815 | $1,298 | $1,744 | $2,579 | $3,606 |
Source: Ownwell