Clarkia, Idaho Property Taxes
The median property tax rate in Clarkia, Idaho is 0.54%, slightly higher than the state median of 0.50% but still well below the national median of 0.99%. With the median home value in Clarkia at $134,428, the typical annual property tax bill amounts to $736, which is significantly lower than the national median of $2,690. Property taxes in Clarkia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clarkia'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 Clarkia 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
Clarkia, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$726
$674
Ownwell’s Clarkia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarkia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarkia 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 Clarkia, Idaho
Property taxes in Clarkia, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarkia is 0.54%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Clarkia set these rates annually, and they can vary across different neighborhoods. Each year, Clarkia 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. For comparison, the 83812 zip code has both the highest and lowest median property tax rate of 0.54% within the area. Understanding how these rates compare with Clarkia provides valuable insights into the varying tax landscape across Shoshone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarkia Tax Rate
0.54%
Average Shoshone County Tax Rate
0.56%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarkia, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83812 | 0.27% | 0.37% | 0.54% | 0.60% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Clarkia, Idaho
In Clarkia, 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 Shoshone 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 Clarkia, 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 Clarkia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Clarkia, the median home price is $134,428, with tax bills ranging from $306 at the 25th percentile to $1,870 at the 90th percentile. The highest and lowest median tax bills are both $736, found in zip code 83812.
Average Clarkia Assessed Value
$134,428
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 Clarkia, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83812 | $23,976 | $47,473 | $134,428 | $284,252 | $337,507 |
Source: Ownwell
Property Tax Bills Across Clarkia, Idaho
In Clarkia, Shoshone County, ID, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and is meant to reflect the market value of your property. Once the assessed value is established, it is multiplied by the local tax rate to determine your annual property tax bill. Factors such as property size, location, and market conditions are considered when determining your home's assessed value. For homeowners in Clarkia, the median home price is $134,428. Property tax bills can vary significantly, with the 25th percentile at $306 and the 75th percentile at $1,218. The 90th percentile reaches up to $1,870, indicating a wide range in tax bills depending on property specifics. Compared to the national median property tax rate of 0.99%, Clarkia homeowners experience a relatively modest tax burden. This variability in tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Clarkia Tax Bill
$736
Average Shoshone County Tax Bill
$991
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarkia, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83812 | $173 | $306 | $736 | $1,218 | $1,870 |
Source: Ownwell