Hansen, Idaho Property Taxes
The median property tax rate in Hansen, Idaho is 0.47%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Hansen at $246,858, the typical annual property tax bill is $1,530, well below the national median of $2,690. Property taxes in Hansen are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hansen'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 Hansen 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
Hansen, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$1,160
$1,077
Ownwell’s Hansen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hansen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hansen 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 Hansen, Idaho
Property taxes in Hansen, Idaho, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hansen is 0.47%, significantly lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Hansen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hansen 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 Hansen's effective property tax rate to other counties in Idaho and the national median. For comparison, the 83334 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these cities compare with Hansen 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 Hansen Tax Rate
0.47%
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 Hansen, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83334 | 0.38% | 0.42% | 0.47% | 0.74% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Hansen, Idaho
In Hansen, 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 Assessor 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 Hansen, 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 Hansen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 83334 has both the highest and lowest median tax bill of $1,530, which is significantly lower than the national median property tax rate.
Average Hansen Assessed Value
$246,858
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 Hansen, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83334 | $25,608 | $172,544 | $246,858 | $366,209 | $552,521 |
Source: Ownwell
Property Tax Bills Across Hansen, Idaho
In Hansen, located in Twin Falls County, ID, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the local assessor's office and is typically a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For example, the median home price in Hansen is $246,858, leading to a range of tax bills. Homeowners in the 25th percentile can expect to pay around $963, while those in the 75th percentile might pay approximately $2,478. At the 90th percentile, the tax bill can reach up to $3,545. These property taxes contribute to local services such as schools, road maintenance, and emergency services, directly impacting the quality of life for residents. Understanding how these factors interplay can help homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Hansen Tax Bill
$1,530
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 Hansen, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83334 | $763 | $963 | $1,530 | $2,478 | $3,545 |
Source: Ownwell