Shoshone County, Idaho Property Taxes
The median property tax rate in Shoshone County is 0.56%, which is higher than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Shoshone County at $166,384, the typical annual property tax bill reaches $991, which is significantly below the national median of $2,690. Property taxes in Shoshone County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Shoshone 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 Wallace or another part of Shoshone County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shoshone County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$932
$865
Ownwell’s Shoshone County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Shoshone County with just 2 data points. Enter your property's estimated assessed value, our calculator applies the median tax rate in Shoshone 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 Shoshone County, Idaho
Property taxes in Shoshone County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Shoshone County is 0.56%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Shoshone County set these rates annually, and they can vary significantly between different areas within the county. Each year, Shoshone 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. For comparison, the city of Kellogg has one of the higher property tax rates in Idaho at 0.93%, while the city of Fernwood boasts one of the lowest at 0.40%. Analyzing how Shoshone County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Shoshone County Tax Rate
0.56%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shoshone County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avery | 0.22% | 0.34% | 0.37% | 0.39% | 0.44% |
| Calder | 0.22% | 0.35% | 0.36% | 0.38% | 0.42% |
| Cataldo | 0.34% | 0.39% | 0.50% | 0.78% | 0.84% |
| Clarkia | 0.27% | 0.37% | 0.54% | 0.60% | 0.73% |
| Fernwood | 0.25% | 0.33% | 0.40% | 0.54% | 0.54% |
| Kellogg | 0.37% | 0.50% | 0.93% | 1.09% | 1.11% |
| Kingston | 0.33% | 0.41% | 0.50% | 0.61% | 0.74% |
| Mullan | 0.44% | 0.49% | 0.84% | 1.06% | 1.11% |
| Murray | 0.22% | 0.27% | 0.50% | 0.56% | 0.69% |
| Osburn | 0.30% | 0.41% | 0.48% | 0.68% | 0.97% |
| Pinehurst | 0.35% | 0.40% | 0.48% | 0.73% | 0.86% |
| Saint Maries | 0.22% | 0.25% | 0.33% | 0.36% | 0.41% |
| Silverton | 0.31% | 0.32% | 0.36% | 0.65% | 0.69% |
| Smelterville | 0.35% | 0.40% | 0.59% | 0.88% | 0.95% |
| Wallace | 0.32% | 0.50% | 0.63% | 0.99% | 1.06% |
| Wardner | 0.41% | 0.49% | 0.91% | 0.97% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Shoshone County, Idaho
In Shoshone County, understanding the difference between "market value" and "assessed value" is key to 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 Shoshone 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 Shoshone 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. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Shoshone County, the city with the highest median tax bill is Kellogg at $1,418, while Murray has the lowest at $147. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Shoshone County Assessed Value
$166,384
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shoshone County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avery | $22,252 | $48,154 | $176,557 | $307,869 | $448,289 |
| Calder | $31,766 | $67,134 | $136,700 | $298,690 | $539,987 |
| Cataldo | $26,657 | $64,534 | $147,525 | $293,802 | $515,816 |
| Clarkia | $23,976 | $47,473 | $134,428 | $284,252 | $337,507 |
| Fernwood | $37,849 | $97,957 | $217,976 | $405,250 | $611,067 |
| Kellogg | $20,818 | $89,912 | $186,364 | $282,533 | $353,283 |
| Kingston | $28,697 | $89,175 | $232,392 | $386,586 | $552,033 |
| Mullan | $10,193 | $49,582 | $141,960 | $203,006 | $255,836 |
| Murray | $7,062 | $13,436 | $38,826 | $105,962 | $218,092 |
| Osburn | $30,845 | $74,900 | $177,916 | $285,696 | $362,212 |
| Pinehurst | $20,409 | $62,161 | $184,862 | $322,846 | $424,681 |
| Saint Maries | $33,833 | $97,509 | $270,906 | $400,259 | $567,023 |
| Silverton | $24,762 | $134,013 | $218,735 | $288,766 | $366,771 |
| Smelterville | $15,210 | $43,950 | $99,987 | $159,114 | $215,612 |
| Wallace | $4,067 | $20,625 | $139,616 | $264,124 | $412,194 |
| Wardner | $29,438 | $70,505 | $174,651 | $285,141 | $377,403 |
Source: Ownwell
Property Tax Bills Across Shoshone County, Idaho
In Shoshone County, ID, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor’s office. The median home price in the county is $166,384, and this figure plays a significant role in the calculation of property taxes. Factors such as the property's location, size, and condition are considered when assessing its value. Once the assessed value is established, local tax rates are applied to calculate the annual tax bill. For example, in Shoshone County, the tax bill can vary widely; the 25th percentile tax bill is $377, while the 75th percentile reaches $1,769, and the 90th percentile goes up to $2,687. The city with the highest median tax bill is Kellogg at $1,418, whereas Murray has the lowest at $147. These property taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual housing costs.
Average Shoshone County Tax Bill
$991
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Shoshone County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avery | $99 | $187 | $646 | $1,055 | $1,408 |
| Calder | $158 | $272 | $535 | $1,117 | $1,776 |
| Cataldo | $210 | $519 | $1,087 | $1,654 | $2,624 |
| Clarkia | $173 | $306 | $736 | $1,218 | $1,870 |
| Fernwood | $374 | $588 | $931 | $1,681 | $2,830 |
| Kellogg | $142 | $617 | $1,418 | $2,235 | $3,130 |
| Kingston | $213 | $575 | $1,219 | $2,038 | $2,934 |
| Mullan | $42 | $244 | $843 | $1,568 | $2,122 |
| Murray | $39 | $71 | $147 | $384 | $818 |
| Osburn | $134 | $489 | $980 | $1,598 | $2,230 |
| Pinehurst | $122 | $443 | $1,034 | $1,745 | $2,456 |
| Saint Maries | $400 | $658 | $992 | $1,206 | $2,024 |
| Silverton | $180 | $558 | $878 | $1,264 | $1,741 |
| Smelterville | $100 | $364 | $626 | $1,060 | $1,672 |
| Wallace | $30 | $108 | $731 | $1,695 | $2,737 |
| Wardner | $122 | $626 | $1,232 | $2,127 | $2,702 |
Source: Ownwell