Parma, Canyon County, Idaho Property Taxes
Median Parma, Idaho effective property tax rate: 0.54%, significantly lower than the national median of 1.02%, but higher than the Idaho state median of 0.50%.
Median Parma, Idaho home value: $340,350
Median annual Parma, Idaho tax bill: $1,921, $479 lower than the national median property tax bill of $2,400.
How are property taxes in Canyon County calculated?
Property taxes in Parma, Idaho 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 Parma’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Parma, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Parma, Canyon County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.54%
Estimate Property Tax Bill
$1,838
$1,706
Property Tax Rates Across Parma, Canyon County, Idaho
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and then divides this budget by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws for setting tax rates and budgets, this is the core of the annual procedure.
In Parma, located in Canyon County, the effective property tax rate stands at 0.54%, which is notably lower than the national median property tax rate of 1.02%. This means residents in Parma benefit from a lower property tax burden compared to many other areas across the nation. The median property tax rate in Idaho aligns with Parma's rate, making it one of the more affordable states in terms of property taxes. Comparing these figures, it's clear that Parma offers an appealing tax environment for property owners, potentially leading to savings on annual property tax bills.
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 Parma Tax Rate
0.54%
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 Canyon County Tax Rate
0.53%
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Parma, Canyon County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83660 | 0.34% | 0.46% | 0.54% | 0.65% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Parma, Canyon County, Idaho
When examining property taxes in Parma, 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 Canyon County Assessor's Office 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 Canyon 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 Parma. For example, the median home price in Parma is $340,350, with tax bills ranging significantly across the county. Zip code 83660 has the highest median home price at $340,350.
Property Tax Assessment Values Across Parma, Canyon County, Idaho
Source: Ownwell
$292,880
$546,475
$800,070
Median Parma Market Value
$340,350
Median Canyon County Market Value
$352,300
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Parma, Canyon County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83660 | $43,260 | $200,475 | $340,350 | $471,508 | $604,987 |
Source: Ownwell
Property Tax Bills Across Parma, Canyon County, Idaho
In Parma, located in Canyon County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $340,350, homeowners in Parma can expect a property tax bill that varies significantly. The 25th percentile tax bill is $1,132, while the 75th percentile reaches $2,649, and the 90th percentile climbs to $3,450. Compared to the national median property tax bill of $2,400, Parma's figures reflect a range that can impact homeowners differently depending on their home's assessed value and location within the city.
Homeowners in Parma can benefit from appealing their property tax assessments, potentially reducing their tax burden. Ownwell provides expert property tax appeal services, helping homeowners navigate the complex appeal process to ensure their property is assessed fairly. By leveraging Ownwell's expertise, homeowners can potentially lower their property tax bills and achieve significant savings.
Median Parma Tax Bill
$1,921
Median Canyon County Tax Bill
$1,964
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Parma, Canyon County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83660 | $195 | $1,132 | $1,921 | $2,649 | $3,450 |
Source: Ownwell
