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Find Out More About the Coeur d'Alene, Post Falls and Hayden Area Economy & Job MarketCoeur d'Alene IS NATIONS HOTTEST JOB MARKET
TAXES IN KOOTENAI COUNTY Idaho funds its communities through state income taxes, local property taxes and sales/use taxes. Property taxes provide a majority of tax revenues to fund local services. Property Tax: Although property tax rates vary from city to city and the county in the Coeur d'Alene, Post Falls and Hayden area, the average tax rate is 1.4 % of the taxable value of property. HOMEOWNERS EXEMPTION The homeowners exemption is an exemption provided by Idaho State law that saves the property owner money on their property taxes. This happens because the exemption deducts 1/2 of the assessed value of the buildings & up to a one-acre homesite, up to a maximum of $101,153 or 50%, whichever is less. This rate may be adjusted anually. See Idaho code 63-602G and 63-701. WHO QUALIFIES? A PROPERTY OWNER WHO OCCUPIES THE HOME AS THEIR PRIMARY RESIDENCE AND IS AN IDAHO RESIDENT QUALIFIES FOR THIS EXEMPTION. HOW DO YOU QUALIFY? * WHEN TO FILE Sales Tax: Sales tax in Kootenai County is 6.0% on retail sales, and on the use, consumption or storage of tangible personal property.
Individual state income tax is graduated and varies from 0 to 8.2 % based on ones taxable net income. Also Idaho residents are taxed on their total income, even if it is earned in another state or country. Corporate state tax is 8% of net taxable income.
Motor vehicle taxes are levied on cars and trucks depending on vehicle year. (Our yearly tax is approx $40/yr.) Commercial vehicles are charged by gross weight up to 16,000 pounds.
Retirees Social Security income and Tier 1 Railroad Retirement benefits are not taxed. Taxpayers may receive a partial tax exemption for civil service and military retirement income received after age 65 (62 if disabled) and a deduction of Tier 2 Railroad Retirement. Request our Free Coeur d'Alene, Post Falls and Hayden Relocation Package. It's packed full of useful and important information about the Coeur d'Alene, Post Falls and Hayden, Idaho area. Don't move here without it! Remember: We'll send it to you for free and without obligation. Just fill out the form and we will send it right out...
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