Wardner, Idaho Property Taxes
The median property tax rate in Wardner, ID is 0.91%, slightly lower than the national median of 0.99% but significantly higher than the Idaho state median of 0.50%. With the median home value in Wardner at $174,651, the typical annual property tax bill amounts to $1,232, which is below the national median of $2,690. Property taxes in Wardner 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 Wardner'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 Wardner 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
Wardner, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,589
Ownwell’s Wardner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wardner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wardner 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 Wardner, Idaho
Property taxes in Wardner, Idaho, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Wardner is 0.91%, which is slightly below the U.S. national median of 0.99%. Local government entities within Wardner set these rates annually, and they can vary across different neighborhoods. Each year, Wardner 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 Wardner's effective property tax rate to other areas in Shoshone County and the national median. For comparison, the zip code 83837 has a median property tax rate of 0.91%, consistent with Wardner's rate. Understanding how these areas compare with Wardner 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 Wardner Tax Rate
0.91%
Average Shoshone County Tax Rate
0.56%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wardner, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83837 | 0.41% | 0.49% | 0.91% | 0.97% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Wardner, Idaho
In Wardner, 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 Wardner, 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 Wardner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83837 has the highest and lowest median tax bill, both at $1,232, highlighting the uniformity in tax assessments in this area.
Average Wardner Assessed Value
$174,651
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 Wardner, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83837 | $29,438 | $70,505 | $174,651 | $285,141 | $377,403 |
Source: Ownwell
Property Tax Bills Across Wardner, Idaho
Property tax bills in Wardner, located in Shoshone County, ID, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. Homeowners in Wardner typically see a range of tax bills depending on their property's value. For instance, the median home price in Wardner is $174,651. Tax bills can vary significantly; the 25th percentile tax bill is $626, while the 75th percentile reaches $2,127, and the 90th percentile goes up to $2,702. This variation means that homeowners with higher-value properties will pay more in taxes. The highest and lowest median tax bills in Wardner are both $1,232, indicating some consistency in tax assessments within the area. Compared to the national median property tax rate of 0.99%, Wardner's tax bills reflect both the local property values and the specific tax rates set by Shoshone County.
Average Wardner Tax Bill
$1,232
Average Shoshone County Tax Bill
$991
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Wardner, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83837 | $122 | $626 | $1,232 | $2,127 | $2,702 |
Source: Ownwell