Example of Idaho County Property Tax Calculation
Idaho County calculates property taxes based on the assessed value of a property. For example, if a property in Idaho County is assessed at $200,000, the property tax rate is 0.0105, and the property is subject to all applicable tax levies, the property tax calculation would be:
$200,000 assessed value x 0.0105 tax rate = $2,100 property tax
It's important to note that this is just an example and actual property tax calculations may vary depending on specific circumstances such as exemptions or special assessments.
If you want appeal your property tax assessment - contact your local tax assessor.
Idaho County Property Tax Rates
Here are the property tax rates for Idaho County in a formatted table:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $1.554 |
| School District #281 | $2.253 |
| City of Grangeville | $2.426 |
| City of Cottonwood | $2.146 |
| City of Kooskia | $2.784 |
Please note that these rates are subject to change and may vary depending on the specific property location within Idaho County. As a tax advisor, it is recommended to verify the latest rates with the Idaho County Treasurer's office or a local tax professional.
Who sets property tax rates in Idaho County ?
In Idaho County, property tax rates are set by the Idaho State Legislature and the Idaho State Tax Commission. The State Legislature establishes the maximum property tax rates that counties can levy, while the Tax Commission is responsible for ensuring that counties comply with the state's tax laws and regulations.
The property tax rates for each county are determined annually by the county's Board of Commissioners, who take into account the county's budget and the assessed value of properties. The Board of Commissioners also sets the mill levy, which is the amount of tax per $1,000 of assessed property value.
It is important to note that property tax rates are subject to change each year and can vary from county to county. Property owners in Idaho County can contact the county assessor's office or the County Clerk's office for more information on the current property tax rates and how they are calculated.
When is Idaho County Property Tax due ?
Idaho County Property Tax is typically due on December 20th of each year.
Here are the accepted payment methods:
| Payment Method | Details |
|---|---|
| Online | Payments can be made online using a credit or debit card. A convenience fee may apply. |
| Payments can be mailed to the Idaho County Treasurer's Office. The address is located on the tax bill. | |
| In Person | Payments can be made in person at the Idaho County Treasurer's Office. Cash, checks, and credit/debit cards are accepted. A convenience fee may apply for credit/debit card payments. |
It's important to note that if the due date falls on a weekend or holiday, the deadline will be on the next business day. It's also recommended to make payments early to avoid any potential late fees or penalties.
If you have more questions - contact your local tax collector.
Homestead exemptions in Idaho County ?
To help homeowners in Idaho County, Idaho save on property taxes, various Homestead exemptions and deductions are available to those who meet specific qualifications. Here is a breakdown of the county-specific exemptions and deductions along with their eligibility requirements, exemption amount, and additional notes.
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic Exemption | Owner-occupied primary residence | $100,000 | Applied to first $100,000 of home value |
| Circuit Breaker | Age 65+ or disabled (as defined by Social Security) | Varies based on income | Must have gross income below $31,800 (single) or $38,200 (married) |
| Property Tax Reduction | Age 65+ or widowed | Varies based on income | Must have gross income below $31,800 (single) or $38,200 (married) |
| Additional Exemption | Age 65+ or disabled (as defined by Social Security) | $50,000 | Applied to home value between $100,000-$145,000 |
| Disabled Veterans | Honorably discharged veteran with service-connected disability | Varies based on disability rating | Must provide proof of disability rating from the VA |
| Agricultural Property | Owner of qualifying agricultural property | Varies based on property type | Must meet specific acreage, income, and production requirements |
| Timberland | Owner of qualifying timberland | Varies based on acreage | Must meet specific management and income requirements |
It's important to note that homeowners must apply for these exemptions and deductions and meet all eligibility requirements in order to receive them. Additionally, some exemptions may have specific application deadlines or renewal requirements, so homeowners should check with their county assessor's office for more information.
By taking advantage of these Homestead exemptions and deductions, Idaho County homeowners can reduce their property tax burden and potentially save thousands of dollars each year.
How is Idaho County Property Tax penalty calculated ?
Idaho County Property Tax Penalty Calculation
When a property owner fails to pay their property taxes on time, they may face a penalty. In Idaho County, this penalty is calculated as a percentage of the unpaid taxes. Let's take a look at an example to better understand how this works:
John owns a property in Idaho County and his property tax bill for the year is $2,000. He fails to pay this bill by the due date of December 20th. As a result, he is subject to a penalty of 2% per month on the unpaid balance.
Here's how John's penalty would be calculated:
| Month | Unpaid Taxes | Penalty Rate | Penalty Amount |
|---|---|---|---|
| Jan | $2,000 | 2% | $40 |
| Feb | $2,040 | 2% | $40.80 |
| Mar | $2,080.80 | 2% | $41.62 |
| Apr | $2,122.42 | 2% | $42.45 |
As you can see, John's penalty increases each month based on the unpaid balance of his property taxes. By April, his total penalty would be $164.87.
It's important to note that interest is also charged on the unpaid balance of property taxes in addition to the penalty. Interest rates are set by the state and can vary each year.
In summary, if you own property in Idaho County, it's important to pay your property taxes on time to avoid penalties and interest charges. If you do face a penalty, it will be calculated as a percentage of the unpaid balance each month until the taxes are paid in full.
We recommend contacting the Idaho County Tax Office or a local tax professional for the most up-to-date and accurate information.