Filer, Idaho Property Taxes
The median property tax rate in Filer, ID is 0.48%, which is notably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $312,921 in Filer, the typical annual property tax bill amounts to $1,651, significantly below the national median of $2,690. Property taxes in Filer are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Filer'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 Filer or another part of Twin Falls County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Filer, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$1,502
$1,394
Ownwell’s Filer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Filer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Filer 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 Filer, Idaho
Property taxes in Filer, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Filer is 0.48%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Filer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Filer 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 Filer's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83328 zip code has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Filer 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 Filer Tax Rate
0.48%
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 Filer, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83328 | 0.30% | 0.37% | 0.48% | 0.61% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Filer, Idaho
In Filer, 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 Filer, 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. The median home price in Filer is $312,921, with tax bills ranging from $1,089 at the 25th percentile to $2,364 at the 75th percentile, and up to $3,363 at the 90th percentile. The highest and lowest median tax bills in Filer are both $1,651, found in the 83328 zip code. By understanding 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 Filer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Filer Assessed Value
$312,921
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 Filer, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83328 | $98,268 | $223,309 | $312,921 | $434,724 | $611,282 |
Source: Ownwell
Property Tax Bills Across Filer, Idaho
In the city of Filer in Twin Falls County, ID, property tax bills are calculated based on the assessed value of a home, which is derived from the property's market value. The median home price in this area is $312,921. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Filer, the property tax bills can vary significantly. At the 25th percentile, the tax bill is around $1,089, while at the 75th percentile, it rises to approximately $2,364. Those at the 90th percentile see tax bills as high as $3,363. Comparatively, the national median property tax rate is 0.99%, making Filer's tax bills relatively moderate. These taxes fund essential local services such as schools, emergency services, and infrastructure, directly impacting the quality of life for residents. Understanding how these bills are calculated helps homeowners manage their finances and anticipate annual expenses.
Average Filer Tax Bill
$1,651
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 Filer, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83328 | $726 | $1,089 | $1,651 | $2,364 | $3,363 |
Source: Ownwell