Newdale, Idaho Property Taxes
The median property tax rate in Newdale, ID is 0.36%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Newdale at $611,024, the typical annual property tax bill is $2,201, which is below the national median of $2,690. Property taxes in Newdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Newdale'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 Newdale or another part of Teton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newdale, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$2,200
Ownwell’s Newdale Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newdale with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newdale to provide an accurate estimate of your property tax bill. This invaluable tool helps you gauge potential tax liabilities and make informed decisions. For those interested in more granular details, trends on a neighborhood level are available further down the page. Your property’s assessed value is the figure assigned by Teton County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Newdale, Idaho
Property taxes in Newdale, Idaho, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Newdale is 0.36%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Newdale set these rates annually, and they can vary considerably across different neighborhoods. Each year, Newdale 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 Newdale's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is found in zip code 83646 at 1.25%, while the lowest median tax rate is in zip code 83254 at 0.31%. Understanding how these cities compare with Newdale provides valuable insights into the varying tax landscape across Teton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newdale Tax Rate
0.36%
Average Teton County Tax Rate
0.36%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newdale, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83436 | 0.27% | 0.29% | 0.36% | 0.38% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Newdale, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Newdale, Idaho. 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 Teton 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. Assessment notices in Newdale 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 Newdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Newdale, the highest median tax bill is $2201 in the 83436 zip code, which also has the lowest median tax bill of the same amount.
Average Newdale Assessed Value
$611,024
Average Teton County Assessed Value
$706,618
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newdale, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83436 | $197,754 | $295,676 | $611,024 | $917,042 | $1,330,502 |
Source: Ownwell
Property Tax Bills Across Newdale, Idaho
In Newdale, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value reflects the market value of the property. The tax rate for the area is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $611,024, homeowners can expect a range of tax bills. The 25th percentile tax bill is around $1,150, while the 75th percentile tax bill reaches approximately $2,632. At the 90th percentile, the tax bill can be as high as $3,807. These tax bills are influenced by various factors, including property location, size, and any applicable exemptions. Homeowners in Newdale should be aware that while their property tax rate might seem competitive, it can still significantly impact their annual expenses. Comparing these figures to the national median property tax rate of 0.99% shows that Newdale's tax bills can vary widely, affecting homeowners differently based on their property's assessed value.
Average Newdale Tax Bill
$2,201
Average Teton County Tax Bill
$2,496
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Newdale, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83436 | $796 | $1,150 | $2,201 | $2,632 | $3,807 |
Source: Ownwell