Property Taxes: A State-by-State Breakdown Between Idaho and Washington

When it comes to property taxes, Idaho and Washington are two very different states. Idaho has some of the lowest property taxes in the country, while Washington has some of the highest. This difference is due to a number of factors, including the state’s tax structure, the value of homes, and the size of the property tax base.

Idaho Property Taxes

Idaho has a relatively simple property tax system. The state sets a base rate of taxation, and then local governments can add their own taxes on top of that. The base rate is currently 0.01% of the assessed value of the property. Local governments can add up to 2% to that rate, for a total property tax rate of up to 2.01%.

The assessed value of a property is determined by the county assessor. The assessor takes into account the size, location, and condition of the property when determining its value. The assessed value is then used to calculate the property tax bill.

Idaho’s property taxes are relatively low compared to other states. The median property tax bill in Idaho is $1,200, which is about half the national median of $2,400.

Washington Property Taxes

Washington has a more complex property tax system than Idaho. The state sets a base rate of taxation, and then local governments can add their own taxes on top of that. The base rate is currently 1.08% of the assessed value of the property. Local governments can add up to 2.5% to that rate, for a total property tax rate of up to 3.58%.

The assessed value of a property is determined by the county assessor. The assessor takes into account the size, location, and condition of the property when determining its value. The assessed value is then used to calculate the property tax bill.

Washington’s property taxes are higher than Idaho’s. The median property tax bill in Washington is $3,200, which is more than double the national median of $2,400.

Property Taxes by State

The following table shows the median property tax bill for each state in the United States. Idaho and Washington are highlighted in blue and green, respectively.

StateMedian Property Tax Bill
Idaho$1,200
Washington$3,200
California$4,400
New Jersey$8,400
New York$9,100

Conclusion

When it comes to property taxes, Idaho and Washington are two very different states. Idaho has some of the lowest property taxes in the country, while Washington has some of the highest. This difference is due to a number of factors, including the state’s tax structure, the value of homes, and the size of the property tax base.

If you are considering moving to either Idaho or Washington, it is important to factor in the property taxes. Idaho may be a better option for those on a tight budget, while Washington may be a better option for those who are willing to pay more for a home.

Resources

  • Idaho Property Tax Rates
  • Washington Property Tax Rates
  • Property Taxes by State

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