Sugar City, Madison County, Idaho Property Taxes
Median Sugar City, ID effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Idaho state median of 0.50%.
Median Sugar City, ID home value: $303,294
Median annual Sugar City, ID tax bill: $1,240, $1,160 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Sugar City, 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 Sugar City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sugar City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sugar City, Madison County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$1,092
$1,013
Property Tax Rates Across Sugar City, Madison County, Idaho
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to the annual process where each county, such as Madison County in Idaho, estimates its required budget to provide services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. Although voting and laws play a role in setting these rates and budgets, this is the basic annual procedure.
In Sugar City, the effective property tax rate is 0.36%, which is notably lower than the national median property tax rate of 1.02%. This makes owning property in Sugar City quite advantageous compared to other regions. The median property tax bill in Sugar City is also likely to be more affordable when compared to the national median property tax bill of $2400. This lower tax burden can be an attractive factor for homeowners and potential buyers in the area, offering significant savings and making it a desirable place to live.
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 Sugar City Tax Rate
0.36%
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 Madison County Tax Rate
0.54%
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sugar City, Madison County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83448 | 0.29% | 0.32% | 0.36% | 0.51% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Sugar City, Madison County, Idaho
When examining property taxes in Sugar City, 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 Madison 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 Madison 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 Sugar City.
For example, the median home price in Sugar City is $303,294, with tax bills ranging significantly across the county. Zip code 83448 has the highest median home price at $303,294.
Property Tax Assessment Values Across Sugar City, Madison County, Idaho
Source: Ownwell
$264,650
$345,209
$425,768
Median Sugar City Market Value
$303,294
Median Madison County Market Value
$317,091
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sugar City, Madison County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83448 | $16,319 | $208,974 | $303,294 | $391,509 | $464,437 |
Source: Ownwell
Property Tax Bills Across Sugar City, Madison County, Idaho
Median Sugar City Tax Bill
$1,240
Median Madison County Tax Bill
$1,903
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Sugar City, Madison County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83448 | $592 | $903 | $1,240 | $1,765 | $2,252 |
Source: Ownwell