Arbon, Idaho Property Taxes
The median property tax rate in Arbon, ID is 0.46%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Arbon at $165,867, the typical annual property tax bill amounts to $864, which is well below the national median of $2,690. Property taxes in Arbon are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Arbon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Arbon or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arbon, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$763
Ownwell’s Arbon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arbon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arbon 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 Arbon, Idaho
Property taxes in Arbon, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arbon is 0.46%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Arbon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arbon 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 Arbon's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83212 zip code has both the highest and lowest median property tax rate of 0.46%. Understanding how these areas compare with Arbon 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 Arbon Tax Rate
0.46%
Average Power County Tax Rate
0.72%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arbon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83212 | 0.36% | 0.39% | 0.46% | 0.80% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Arbon, Idaho
In Arbon, 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 Power County Appraisal District 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 Arbon, 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 Arbon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 83212, both valued at $864.
Average Arbon Assessed Value
$165,867
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 Arbon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83212 | $3,910 | $71,032 | $165,867 | $236,394 | $281,346 |
Source: Ownwell
Property Tax Bills Across Arbon, Idaho
In Arbon, located in Power County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $165,867, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. The tax bill in Arbon ranges widely, with the 25th percentile at $596 and the 75th percentile at $1291, reflecting differences in property values and potential exemptions. At the higher end, the 90th percentile tax bill reaches $1612. The median property tax rate in Power County is lower than the national median of 0.99%, making it relatively more affordable for homeowners. This system ensures that the tax burden is distributed in proportion to property values, impacting homeowners differently based on their property's worth and any exemptions they may qualify for.
Average Arbon Tax Bill
$864
Average Power County Tax Bill
$1,630
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Arbon, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83212 | $486 | $596 | $864 | $1,291 | $1,612 |
Source: Ownwell