Genesee, Nez Perce County, Idaho Property Taxes
Median Genesee, ID effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but higher than the Idaho state median of 0.50%.
Median Genesee, ID home value: $321,965
Median annual Genesee, ID tax bill: $2,688, $288 higher than the national median property tax bill of $2,400.
How are property taxes in Nez Perce 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, Nez Perce County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$2,576
$2,390
Property Tax Rates Across Genesee, Nez Perce County, Idaho
Local government entities set property tax rates, which can vary significantly within a state. Each county estimates its required budget to provide essential services annually, then divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the fundamental annual process.
In Genesee, within Latah County, Idaho, property tax rates reflect this process. Idaho's median property tax rate is 0.63%, which is significantly lower than the national median of 1.02%. This makes Idaho one of the more tax-friendly states in the country. In Genesee, the effective property tax rate aligns closely with the state median, providing residents with a favorable tax environment compared to many other regions in the U.S.
When comparing Genesee's effective property tax rate to other cities in Idaho, it's evident that residents benefit from a lower tax burden. This can translate to considerable savings for homeowners, making Genesee an attractive place for property investment.
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
0.80%
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 Nez Perce County Tax Rate
0.81%
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Genesee, Nez Perce County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83832 | 0.64% | 0.71% | 0.80% | 1.09% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Genesee, Nez Perce 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 Nez Perce 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.
Assessment notices: In Nez Perce 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 $321,965, with tax bills ranging significantly across the county. 83832 has the highest median home price at $321,965.
Property Tax Assessment Values Across Genesee, Nez Perce County, Idaho
Source: Ownwell
$120,735
$221,350
$321,965
Median Genesee Market Value
$321,965
Median Nez Perce County Market Value
$302,737
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Genesee, Nez Perce County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83832 | $143,359 | $202,041 | $321,965 | $448,327 | $547,019 |
Source: Ownwell
Property Tax Bills Across Genesee, Nez Perce County, Idaho
Median Genesee Tax Bill
$2,688
Median Nez Perce County Tax Bill
$2,415
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Genesee, Nez Perce County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83832 | $1,344 | $1,764 | $2,688 | $3,718 | $4,750 |
Source: Ownwell
