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Ola, Valley County, Idaho Property Taxes

  • Median OLA, ID effective property tax rate: 0.19%, significantly lower than the national median of 1.02%, but lower than the Idaho state median of 0.50%.

  • Median OLA, ID home value: $250,424

  • Median annual OLA, ID tax bill: $469, $1,931 lower than the national median property tax bill of $2,400.

How are property taxes in Valley calculated?

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

Last Updated March 1, 2025

Ola, Valley County, Idaho Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.17%

Estimate Property Tax Bill

$426

$395

Ownwell’s OLA Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in OLA with just two data points. By entering your property's estimated assessed value, our calculator applies OLA’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 Valley County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ola, Valley County, Idaho

Local government entities set tax rates, which can vary widely within a state. Each county 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. OLA in Valley County, ID, is a prime example of how property tax rates can differ significantly within a state. The median property tax rate in Idaho is notably lower than the national median of 1.02%, which means homeowners in cities like OLA might enjoy lower property tax bills compared to other parts of the country. Comparing OLA’s effective property tax rate to other cities in Idaho and the median property tax rates in both Idaho and the U.S. can provide valuable insights for homeowners. Understanding these differences can help property owners make informed decisions about their investments and manage their tax obligations more effectively.

Property Tax Rates Across Ola, Valley County, Idaho

Source: Ownwell

0.27%

0.33%

0.38%

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 Ola Tax Rate

0.17%

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 Valley County Tax Rate

0.29%

Median Effective Idaho Tax Rate

0.42%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ola, Valley County, Idaho

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
83657N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Ola, Valley County, Idaho

When examining property taxes in OLA, ID, 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 Valley County Assessor 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 Valley County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 OLA.

For example, the median home price in OLA is $250,424, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Ola, Valley County, Idaho

Source: Ownwell

$185,657

$503,049

$820,440

Median Ola Market Value

$250,424

Median Valley County Market Value

$585,098

Median Idaho Market Value

$389,309

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ola, Valley County, Idaho

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
83657N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Ola, Valley County, Idaho

In the city of OLA, located in Valley County, Idaho, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. Unlike many regions where tax bills can vary significantly, homeowners in OLA experience a consistent tax bill of $469 across the 25th, 75th, and 90th percentiles. This uniformity can be attributed to the local assessment practices and the relatively stable property values in the area. With a median home price of $250,424, the tax bill in OLA is notably lower than the national median property tax bill of $2,400. This lower tax burden can be beneficial for homeowners, but it's essential to ensure that properties are assessed fairly to maintain these advantages. Ownwell offers services to help homeowners in OLA save on their property tax bills by providing expert guidance in appealing assessments and securing exemptions. By leveraging local knowledge and expertise, Ownwell assists homeowners in ensuring their property taxes are as low as possible within the legal framework.

Property Tax Bills Across Ola, Valley County, Idaho

Source: Ownwell

$705

$1,666

$2,626

Median Ola Tax Bill

$428

Median Valley County Tax Bill

$1,796

Median Idaho Tax Bill

$1,726

Median United States Tax Bill

$2,400

Property Tax Bills Across Ola, Valley County, Idaho

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
83657N/AN/AN/AN/AN/A

Source: Ownwell

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