Sun Valley Taxes
PROPERTY TAX STRUCTURE
2001 Property Tax Levy (per $1.00 market value)
Sample Residential
- Ketchum Total7 ...007053
- Sun Valley Total ...008107
- Hailey Total ...008709
- Bellevue Total ...007289
- Blaine County (unincorporated) ...005821
HOMEOWNERS EXEMPTION:
50% of market value of home of the frist $100,000 assessed at 100% market value (not including land).
INCOME TAX
Personal state income tax - The State of Idaho imposes taxes against the income of individuals. The rate is graduated based on net income and ranges from 0 to 8.2%. (8.2% starts on taxable income of $40,000 married, $20,000 single). Idaho's tax on an income basis is 86.7% of the national average tax, making us the 35th in the nation (1995 average).
Corporate state income tax - A corporate state income tax is imposed on taxable icome at the rate of 8%. Idaho's overall tax on an income basis is 96.4% of the national average, making us the 29th lowest in the nation. (1995 average)
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