Mud Lake, Jefferson County, Idaho Property Taxes

Name: Property Tax Bills Across Mud Lake, Jefferson County, Idaho
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mud Lake, ID effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the Idaho state median of 0.50%.
Median Mud Lake, ID home value: $113,557
Median annual Mud Lake, ID tax bill: $1,401, $999 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson calculated?

Property taxes in Mud Lake, 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 Mud Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mud Lake, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mud Lake, Jefferson County, Idaho Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.26%

Estimate Property Tax Bill

$1,431

$1,328

Ownwell’s Mud Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mud Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Mud Lake’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Jefferson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mud Lake, Jefferson County, Idaho

Local government entities set tax rates, which can vary widely within a state. This variation is largely due to each county's annual budget requirements for providing essential services. By dividing this budget by the total value of all taxable property within the county, the property tax rate is determined. Although votes and laws play a role in setting these rates and budgets, this is the essence of the process.

In Mud Lake, located in Jefferson County, Idaho, the effective property tax rate can be compared to other cities within the state and the national median. Idaho's median property tax rate is 0.63%, significantly lower than the national median of 1.02%. This makes Idaho an attractive option for property owners looking to reduce their tax burden. However, Jefferson County's median tax rate stands at 1.26%, which is higher than both the state and national medians. Understanding these differences is crucial for property owners considering an appeal or exemption, as it highlights the potential for savings depending on where you own property.

Property Tax Rates Across Mud Lake, Jefferson County, Idaho

Source: Ownwell

0.38%

0.49%

0.60%

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 Mud Lake Tax Rate

1.26%

Median Effective Jefferson County Tax Rate

0.39%

Median Effective Idaho Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mud Lake, Jefferson County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
83450	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mud Lake, Jefferson County, Idaho

When examining property taxes in Mud Lake, 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 Jefferson 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 Jefferson 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 Mud Lake. For example, the median home price in Mud Lake is $113,557, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mud Lake, Jefferson County, Idaho

Source: Ownwell

$159,962

$353,468

$546,974

Median Mud Lake Market Value

$113,557

Median Jefferson County Market Value

$327,168

Median Idaho Market Value

$374,698

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mud Lake, Jefferson County, Idaho

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
83450	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mud Lake, Jefferson County, Idaho

In Mud Lake, located in Jefferson County, Idaho, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in this area is $113,557. To determine the tax bill, the assessed value is multiplied by the local tax rate. In Mud Lake, the property tax bill can range significantly, with the 25th percentile at $1,245 and the 75th percentile at $1,556, showcasing the variability in tax burdens. The 90th percentile tax bill reaches $1,650, indicating that some homeowners pay substantially more than the national median property tax bill of $2,400. Such variations impact homeowners by influencing their annual expenses and, ultimately, their financial planning. Fortunately, Ownwell can assist homeowners in Mud Lake by identifying potential savings opportunities through property tax appeals and exemption services. By leveraging expertise in local tax regulations, Ownwell helps ensure homeowners are not overpaying, providing peace of mind and potentially significant financial relief.

Property Tax Bills Across Mud Lake, Jefferson County, Idaho

Source: Ownwell

$539

$1,353

$2,166

Median Mud Lake Tax Bill

$1,401

Median Jefferson County Tax Bill

$1,302

Median Idaho Tax Bill

$1,894

Median United States Tax Bill

$2,400

Property Tax Bills Across Mud Lake, Jefferson County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
83450	N/A	N/A	N/A	N/A	N/A

Source: Ownwell