Bonner County Property Tax
Bonner County property taxes are one of the lowest in the State @ just 0.56%, it has the 8th lowest effective tax rate in the state. That is almost half the country’s average. The median home value is $210,000. At that value, the property taxes would be about $1,175.
One reason to explain this significant difference in property tax is the homeowner’s exemption. The exemption, capped at a value of $100,000 for the year 2018, exempts all owner-occupied primary residents by fifty percent of the property’s market value. The homeowner’s exemption is for people that live in the property they have purchased. However, for people who are looking to buy real estate as an investment and have tenants living in the property, this homeowner’s exemption isn’t available.
There are other exemptions such as agricultural and timber.