Bliss, Idaho Property Taxes
The median property tax rate in Bliss, ID is 0.22%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Bliss, the typical annual property tax bill reaches $595, well below the national median of $2,690. Property taxes in Bliss are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Bliss'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 Bliss or another part of Twin Falls County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bliss, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.22%
Estimate Property Tax Bill
$595
Ownwell’s Bliss Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bliss with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bliss 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 Bliss, Idaho
Property taxes in Bliss, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bliss is 0.56%, which is significantly higher than the Idaho state median of 0.69% but still below the U.S. national median of 0.99%. Local government entities within Bliss set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bliss 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 Bliss's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83355 zip code has the highest median property tax rate of 1.75%, while the 83278 zip code has the lowest median tax rate of 0.30%. Understanding how these cities compare with Bliss provides valuable insights into the varying tax landscape across Twin Falls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bliss Tax Rate
0.22%
Average Twin Falls County Tax Rate
0.51%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bliss, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83314 | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% |
Source: Ownwell
Property Tax Assessment Values Across Bliss, Idaho
In Bliss, 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 Twin Falls 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 Bliss, 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. In Bliss, the median home price is $270,549, with median tax bills consistently around $595 across various percentiles. The zip code 83314 reflects both the highest and lowest median tax bills at $595. 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 Bliss helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bliss Assessed Value
$270,549
Average Twin Falls County Assessed Value
$313,924
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bliss, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83314 | $270,549 | $270,549 | $270,549 | $270,549 | $270,549 |
Source: Ownwell
Property Tax Bills Across Bliss, Idaho
In Bliss, Twin Falls County, ID, property tax bills are determined based on the assessed value of a home, which is calculated by the local tax assessor. This assessed value is typically a percentage of the market value of the property. For instance, if the median home price in Bliss is $270,549, the assessed value would be a portion of this amount. The tax rate for Bliss is then applied to this assessed value to determine the final tax bill. Several factors influence the assessed value, including the property's size, location, and condition, as well as market trends. In Bliss, the property tax bill at various percentiles—25th, 75th, and 90th—remains consistent at $595, which is significantly lower than the national median property tax rate of 0.99%. This consistency in tax bills indicates a stable tax environment for homeowners in Bliss. Lower property taxes can make homeownership more affordable, potentially attracting new residents and fostering community growth.
Average Bliss Tax Bill
$595
Average Twin Falls County Tax Bill
$1,816
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Bliss, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83314 | $595 | $595 | $595 | $595 | $595 |
Source: Ownwell