Genesee, Latah County, Idaho Property Taxes
Median Genesee, ID effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but higher than the Idaho state median of 0.50%.
Median Genesee, ID home value: $363,076
Median annual Genesee, ID tax bill: $2,822, $422 higher than the national median property tax bill of $2,400.
How are property taxes in Latah calculated?
Property taxes in Genesee, 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 Genesee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Genesee, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Genesee, Latah County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$2,759
$2,561
Property Tax Rates Across Genesee, Latah County, Idaho
Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Genesee, located in Latah County, Idaho, the effective property tax rate is notably lower than the national median property tax rate of 1.02%. This means residents in Genesee often enjoy a lower property tax bill compared to many other regions across the country. Idaho's median property tax rate is also below the national median, reflecting a trend of relatively low property taxes throughout the state. For those considering relocation or investment in property, Genesee, with its favorable tax rate, presents an appealing option. Comparing Genesee’s tax rate to other cities within Idaho can provide further insights into the potential savings and financial benefits of owning property in this area.
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 Genesee Tax Rate
0.76%
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 Latah County Tax Rate
0.67%
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Genesee, Latah County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83832 | 0.58% | 0.67% | 0.76% | 0.85% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Genesee, Latah County, Idaho
When examining property taxes in Genesee, 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 Latah 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 Latah 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 Genesee. For example, the median home price in Genesee is $363,076, with tax bills ranging significantly across the county. Zip code 83832 has the highest median home price at $363,076.
Property Tax Assessment Values Across Genesee, Latah County, Idaho
Source: Ownwell
$73,904
$294,104
$514,304
Median Genesee Market Value
$363,076
Median Latah County Market Value
$393,996
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Genesee, Latah County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83832 | $126,420 | $269,878 | $363,076 | $453,244 | $558,970 |
Source: Ownwell
Property Tax Bills Across Genesee, Latah County, Idaho
Median Genesee Tax Bill
$2,822
Median Latah County Tax Bill
$2,676
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Genesee, Latah County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83832 | $889 | $1,738 | $2,822 | $3,772 | $4,870 |
Source: Ownwell
