Priest River, Bonner County, Idaho Property Taxes
Median PRIEST RIVER, ID effective property tax rate: 0.30%, significantly lower than the national median of 1.02%, but also lower than the Idaho state median of 0.50%.
Median PRIEST RIVER, ID home value: $391,053
Median annual PRIEST RIVER, ID tax bill: $1,124, $1,276 lower than the national median property tax bill of $2,400.
How are property taxes in Bonner County calculated?
Property taxes in PRIEST RIVER, ID are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding PRIEST RIVER’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in PRIEST RIVER, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Priest River, Bonner County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.3%
Estimate Property Tax Bill
$1,173
$1,089
Property Tax Rates Across Priest River, Bonner County, Idaho
Local government entities are responsible for setting property tax rates, which can significantly differ within a state. Each year, counties estimate the budget they need to provide essential services and then divide this by the total value of all taxable properties within their jurisdiction. This results in the property tax rate that residents pay. While the process involves votes and laws, this is essentially how it works annually.
In Priest River, located in Bonner County, the effective property tax rate is notably lower than the national median property tax rate of 1.02%. This means that homeowners in Priest River typically have a lighter property tax burden compared to many other areas. When comparing Priest River’s property tax rate to other cities in Idaho and the national average, it’s clear that residents benefit from a favorable tax environment. This can be an attractive factor for potential homeowners looking for affordability and value. Understanding these rates can help homeowners make informed decisions about their property investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Priest River Tax Rate
0.30%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bonner County Tax Rate
0.34%
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Priest River, Bonner County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83856 | 0.21% | 0.22% | 0.30% | 0.35% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Priest River, Bonner County, Idaho
When examining property taxes in Priest River, Idaho, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bonner County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bonner County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Priest River.
For example, the median home price in Priest River is $391,053, with tax bills ranging significantly across the county. Zip code 83856 has the highest median home price at $391,053.
Property Tax Assessment Values Across Priest River, Bonner County, Idaho
Source: Ownwell
$300,660
$597,441
$894,222
Median Priest River Market Value
$391,053
Median Bonner County Market Value
$479,353
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Priest River, Bonner County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83856 | $135,179 | $255,720 | $391,053 | $585,919 | $882,590 |
Source: Ownwell
Property Tax Bills Across Priest River, Bonner County, Idaho
In Priest River, located in Bonner County, ID, property tax bills are calculated based on assessed property values. The median home price stands at $391,053, with taxes typically calculated as a percentage of this value. Homeowners can expect a median tax bill of $1,124, which is notably lower than the national median property tax bill of $2,400. Factors influencing the tax bill include property size, improvements, and local tax rates. The 25th percentile tax bill is $702, while the 75th percentile reaches $1,693, and the 90th percentile climbs to $2,539, reflecting the range of property values and tax obligations within the area.
High property taxes can burden homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. With a deep understanding of local tax regulations and valuation methods, Ownwell assists in identifying discrepancies in assessed values, ensuring homeowners pay only their fair share. This service can lead to significant savings and financial relief for property owners.
Median Priest River Tax Bill
$1,124
Median Bonner County Tax Bill
$1,672
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Priest River, Bonner County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83856 | $312 | $702 | $1,124 | $1,693 | $2,539 |
Source: Ownwell