Sandpoint & Area Statistics

 

Sandpoint is in close proximity to many surrounding cities and attractions.

 

Below is a list of well-known area's and the gap between us, listed from closest to furthest.

 

Sandpoint is constantly growing, along with other nearby places. These are the population demographics from 1970 until 2016.

Climate

Sandpoint has a moderate 4-season climate. Few days reach subzero temperatures and likewise, a few days reach over 90 degrees in the summer. Most of the precipitation occurs in the winter. The City of Sandpoint receives about 33" of precipitation annually. The mountains receive 300" of snow on average. Summers are drier with weeks of sunny days in a row.

 

Idaho Tax Information

The majority of Idaho's tax revenues comes from three sources: income tax (individual and corporate), sales/use tax, and property tax. Income tax and sales/use tax is collected by the Idaho State Tax Commission. Property taxes fund local government and are levied and collected by the county where the property is located.

Property Tax

Average Urban Rate: 1.7027%  | Average Rural Rate: 1.2045%

Description: The rates shown above are statewide average total tax rates for 2000. A rough estimate of property taxes can be calculated by multiplying the average tax rate by the property value, less exemptions. The actual tax rate is the sum of the tax rates of all the taxing districts in one location. Owner-occupied primary residences in Idaho qualify for a homeowner's exemption; this exempts 50% of the taxable value of the home (excluding land), up to a maximum of $50,000. Farms qualify for a partial exemption.

Retirees: Idaho property tax reduction (formerly circuit breaker) of up to $1,200 is available to persons age 65 and older, widowed or disabled persons of any age, and POW's who meet income and residence requirements.

Income Tax

Rate: 1.6% to 7.8%

Description: Individual income tax is graduated, so higher earnings are taxed at a higher rate. The first $1,056 of taxable income is taxed at 1.6%, the next $1,057 is taxed at 3.6%, etc. The maximum 7.8% tax rate is reached at $21,129 of taxable income for single filers and $42,258 for married couples filing jointly. Idaho residents are taxed on their total income, even if it is earned in another state or country. Idaho income tax brackets are adjusted for inflation each year.

Taxpayers are not required to make estimated payments for their individual tax return. Most wage earners have income tax withheld by their employers. Credits to offset income tax due include: $20 grocery credit ($35 for persons 65 or older); credit for tax paid to other states; and credits for donations to Idaho educational entities and some nonprofit youth and rehabilitation facilities.

Retirees: Social Security income and Tier 1 and Tier 2 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). A $20 grocery credit is refundable to full year residents over 62 who are not required to file an income tax return ($35 for persons over 65).

Sales Tax

Rate: 6%

Description: Sales tax applies to the sale, rental or lease of tangible personal property and some services. Food is taxed, but prescription drugs are not. Hotel, motel and campground accommodations are taxed at a higher rate (7-11%). Only one county (Kootenai) and a few small resort cities collect a local sales tax.

Estate Tax

Estate taxes are determined by federal requirements. Idaho's estate tax may apply when the gross estate reported to the federal government is $675,000 or more. Since 1/1/2002, the amount has increased to $1,000,000.

Inheritance-Gift Tax

Description: Idaho has no inheritance or gift tax.