Property Taxes in Idaho
The median Idaho property tax rate is 0.50%, significantly lower than the national median of 0.99%. The median Idaho home value is $374,698, meaning the median Idaho property tax bill is $1,894 a year. Compared to the national median annual property tax bill, this is much lower. Property taxes in Idaho are calculated based on the tax assessed value, which typically falls below the actual market value due to property tax exemptions, such as the primary residence or agriculture exemption. Understanding your county's specific property tax system, exploring property tax exemptions, and recognizing opportunities for property tax reductions can lead to significant annual tax savings. Whether you're in Boise, Meridian, Nampa, or any other Idaho locale, familiarizing yourself with the property taxes in your location can benefit homeowners and investors alike.
Last Updated June 14, 2024
Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,873
$1,739
Ownwell’s Idaho Property Tax Bill Calculator assists any homeowner, real estate investor, or potential owner in estimating their annual property taxes in Idaho with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Idaho to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a county or city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Idaho
Property taxes in Idaho fund essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Idaho is 0.50% compared to the national median property tax rate of 0.99%. The tax rate is set by local government entities and can vary widely between different areas within Idaho. Each county estimates its required budget to provide services for the upcoming year, and then divides that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, that is the process followed each year. Compare an Idaho county’s effective property tax rate to other counties in Idaho or the US median property tax rate below. Butte County has the highest property tax rate in Idaho at 0.85%. Custer County has the lowest property tax rate in Idaho at 0.40%.
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Idaho
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ada | 0.41% | 0.48% | 0.58% | 0.76% | 0.91% |
| Adams | 0.21% | 0.26% | 0.34% | 0.44% | 0.63% |
| Bannock | 0.28% | 0.51% | 0.67% | 0.88% | 1.16% |
| Bear Lake | 0.23% | 0.30% | 0.36% | 0.43% | 0.64% |
| Benewah | 0.25% | 0.36% | 0.47% | 0.70% | 1.05% |
| Bingham | 0.29% | 0.34% | 0.49% | 0.64% | 1.12% |
| Blaine | 0.25% | 0.29% | 0.35% | 0.41% | 0.47% |
| Boise | 0.20% | 0.24% | 0.30% | 0.39% | 0.45% |
| Bonner | 0.22% | 0.29% | 0.34% | 0.46% | 0.67% |
| Bonneville | 0.32% | 0.38% | 0.46% | 0.58% | 0.94% |
| Boundary | 0.26% | 0.29% | 0.33% | 0.45% | 0.67% |
| Butte | 0.48% | 0.55% | 0.85% | 0.94% | 1.18% |
| Camas | 0.22% | 0.29% | 0.46% | 0.46% | 1.01% |
| Canyon | 0.32% | 0.42% | 0.53% | 0.63% | 0.79% |
| Caribou | 0.43% | 0.54% | 0.73% | 1.19% | 1.52% |
| Cassia | 0.25% | 0.31% | 0.38% | 0.58% | 0.88% |
| Clark | 0.33% | 0.36% | 0.49% | 0.57% | 0.72% |
| Clearwater | 0.42% | 0.49% | 0.67% | 0.95% | 1.38% |
| Custer | 0.20% | 0.32% | 0.40% | 0.63% | 0.81% |
| Elmore | 0.24% | 0.40% | 0.50% | 0.76% | 1.21% |
| Franklin | 0.34% | 0.37% | 0.43% | 0.50% | 0.81% |
| Fremont | 0.27% | 0.37% | 0.43% | 0.56% | 0.98% |
| Gem | 0.16% | 0.23% | 0.28% | 0.41% | 0.60% |
| Gooding | 0.26% | 0.34% | 0.43% | 0.57% | 0.93% |
| Idaho | 0.18% | 0.21% | 0.27% | 0.38% | 0.54% |
| Jefferson | 0.28% | 0.35% | 0.39% | 0.54% | 0.68% |
| Jerome | 0.52% | 0.62% | 0.79% | 1.10% | 1.91% |
| Kootenai | 0.23% | 0.28% | 0.32% | 0.40% | 0.53% |
| Latah | 0.45% | 0.55% | 0.67% | 0.79% | 1.14% |
| Lemhi | 0.19% | 0.23% | 0.34% | 0.46% | 0.77% |
| Lewis | 0.42% | 0.61% | 0.83% | 1.16% | 1.90% |
| Lincoln | 0.40% | 0.49% | 0.65% | 0.94% | 1.93% |
| Madison | 0.33% | 0.44% | 0.54% | 0.73% | 1.07% |
| Minidoka | 0.30% | 0.37% | 0.49% | 0.58% | 0.91% |
| Nez Perce | 0.56% | 0.67% | 0.81% | 0.97% | 1.53% |
| Oneida | 0.44% | 0.50% | 0.65% | 0.78% | 1.16% |
| Owyhee | N/A | N/A | N/A | N/A | N/A |
| Payette | 0.18% | 0.24% | 0.33% | 0.41% | 0.73% |
| Power | 0.55% | 0.65% | 0.72% | 0.87% | 1.47% |
| Shoshone | 0.32% | 0.42% | 0.56% | 0.92% | 1.09% |
| Teton | 0.27% | 0.29% | 0.36% | 0.40% | 0.46% |
| Twin Falls | 0.34% | 0.42% | 0.51% | 0.65% | 1.05% |
| Valley | 0.21% | 0.24% | 0.29% | 0.44% | 0.50% |
| Washington | 0.29% | 0.39% | 0.53% | 0.71% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Idaho
When examining property taxes in Idaho, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by factors such as location, property condition, and economic market trends. Market value is estimated by each Idaho county assessor for tax purposes. The assessed value is then the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices in Idaho are sent in the spring each year. They should reach your mailbox typically by the end of April. Each property owner receives an assessment notice that contains both the market value and assessed value along with an estimate of your property tax bill. By providing insights into how assessed values and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Idaho. Latah County has the highest median tax bill at $2,676, while Caribou County has the lowest median tax bill at $502.
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Idaho
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ada | $306,100 | $353,800 | $433,000 | $575,500 | $776,800 |
| Adams | $17,524 | $48,900 | $123,166 | $259,328 | $458,033 |
| Bannock | $67,783 | $187,136 | $263,380 | $362,529 | $498,222 |
| Bear Lake | $120,594 | $179,182 | $278,628 | $451,411 | $680,816 |
| Benewah | $5,163 | $49,947 | $164,078 | $286,792 | $434,703 |
| Bingham | $23,100 | $144,982 | $255,122 | $346,961 | $455,258 |
| Blaine | $197,520 | $430,305 | $709,430 | $1,432,675 | $2,840,490 |
| Boise | $42,252 | $149,374 | $366,025 | $626,630 | $934,179 |
| Bonner | $168,483 | $321,409 | $479,353 | $710,115 | $1,068,221 |
| Bonneville | $177,475 | $261,921 | $349,759 | $449,097 | $568,286 |
| Boundary | $62,580 | $226,890 | $368,060 | $544,970 | $731,852 |
| Butte | $6,713 | $26,836 | $125,344 | $254,652 | $358,238 |
| Camas | $47,658 | $107,032 | $196,324 | $310,452 | $452,333 |
| Canyon | $144,100 | $286,400 | $352,300 | $455,400 | $626,900 |
| Caribou | $5,526 | $9,192 | $58,764 | $213,022 | $376,321 |
| Cassia | $29,557 | $111,368 | $232,517 | $349,835 | $503,791 |
| Clark | $14,382 | $39,482 | $117,180 | $188,488 | $292,075 |
| Clearwater | $25,413 | $68,376 | $173,988 | $293,629 | $403,501 |
| Custer | $31,035 | $85,810 | $172,930 | $275,650 | $436,950 |
| Elmore | $5,527 | $145,934 | $276,790 | $365,047 | $483,049 |
| Franklin | $156,902 | $235,377 | $317,415 | $406,282 | $506,264 |
| Fremont | $41,054 | $137,048 | $277,698 | $496,286 | $773,130 |
| Gem | $136,032 | $258,888 | $389,330 | $548,376 | $753,712 |
| Gooding | $28,346 | $147,055 | $220,136 | $312,215 | $420,915 |
| Idaho | $1,624 | $92,758 | $208,696 | $350,025 | $498,562 |
| Jefferson | $43,053 | $187,283 | $327,168 | $450,153 | $563,146 |
| Jerome | $27,471 | $107,585 | $180,486 | $280,332 | $387,108 |
| Kootenai | $224,963 | $417,825 | $537,335 | $732,795 | $1,058,334 |
| Latah | $134,806 | $286,000 | $393,996 | $501,765 | $618,264 |
| Lemhi | $22,862 | $90,954 | $240,870 | $374,854 | $529,892 |
| Lewis | $28,942 | $100,576 | $168,051 | $237,029 | $320,301 |
| Lincoln | $3,000 | $23,810 | $107,940 | $219,170 | $381,600 |
| Madison | $50,502 | $212,822 | $317,091 | $410,475 | $504,693 |
| Minidoka | $58,314 | $155,725 | $229,100 | $342,765 | $473,711 |
| Nez Perce | $73,911 | $207,288 | $302,737 | $389,229 | $492,239 |
| Oneida | $50,064 | $127,420 | $194,076 | $258,804 | $351,067 |
| Owyhee | N/A | N/A | N/A | N/A | N/A |
| Payette | $139,761 | $241,634 | $332,995 | $433,937 | $575,001 |
| Power | $12,100 | $63,070 | $187,674 | $263,817 | $342,416 |
| Shoshone | $15,101 | $57,094 | $166,384 | $285,780 | $396,504 |
| Teton | $176,051 | $506,142 | $706,618 | $959,073 | $1,434,266 |
| Twin Falls | $140,579 | $228,210 | $313,924 | $421,667 | $574,584 |
| Valley | $150,790 | $365,229 | $597,522 | $896,416 | $1,318,908 |
| Washington | $38,753 | $139,685 | $218,893 | $328,704 | $457,999 |
Source: Ownwell
Property Tax Bills Across Idaho
In Idaho, property tax bills are calculated based on the assessed value of a home, which is determined by local county assessors. The assessed value is a percentage of the market value, reflecting the home's current worth in the real estate market. Homeowners in Idaho experience a range of property tax bills. For example, the 25th percentile tax bill is $1,131, while at the 75th percentile, it rises to $2,833. The 90th percentile tax bill can reach up to $4,098. Factors influencing these amounts include the home's location and its assessed value. For instance, Latah County has the highest median tax bill at $2,676, whereas Caribou County has the lowest at $502. Idaho's property tax rates can significantly impact homeowners, with the median home price at $374,698. Compared to the national median property tax rate of 0.99%, Idaho offers a relatively favorable property tax environment, although individual experiences can vary widely based on local assessments and home values.
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Idaho
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ada | $1,476 | $1,969 | $2,663 | $3,738 | $5,414 |
| Adams | $158 | $334 | $657 | $1,171 | $2,061 |
| Bannock | $211 | $999 | $1,810 | $2,893 | $4,120 |
| Bear Lake | $501 | $702 | $1,081 | $1,623 | $2,373 |
| Benewah | $120 | $335 | $762 | $1,362 | $2,112 |
| Bingham | $141 | $581 | $1,085 | $1,656 | $2,385 |
| Blaine | $529 | $1,463 | $2,555 | $5,050 | $9,709 |
| Boise | $415 | $712 | $1,257 | $2,018 | $2,831 |
| Bonner | $430 | $983 | $1,672 | $2,728 | $4,190 |
| Bonneville | $621 | $1,090 | $1,646 | $2,352 | $3,190 |
| Boundary | $285 | $713 | $1,244 | $1,820 | $2,474 |
| Butte | $442 | $762 | $1,276 | $2,053 | $3,045 |
| Camas | $167 | $389 | $754 | $1,309 | $1,898 |
| Canyon | $763 | $1,355 | $1,964 | $2,656 | $3,368 |
| Caribou | $59 | $99 | $502 | $1,368 | $2,395 |
| Cassia | $117 | $424 | $844 | $1,435 | $2,124 |
| Clark | $77 | $203 | $550 | $871 | $1,380 |
| Clearwater | $206 | $454 | $1,091 | $1,905 | $2,748 |
| Custer | $129 | $296 | $617 | $1,185 | $1,990 |
| Elmore | $95 | $530 | $1,251 | $1,893 | $2,690 |
| Franklin | $633 | $961 | $1,363 | $1,841 | $2,392 |
| Fremont | $267 | $613 | $1,250 | $2,209 | $3,485 |
| Gem | $222 | $756 | $1,205 | $1,670 | $2,175 |
| Gooding | $530 | $774 | $1,104 | $1,653 | $2,275 |
| Idaho | $236 | $442 | $670 | $976 | $1,352 |
| Jefferson | $135 | $698 | $1,302 | $1,872 | $2,450 |
| Jerome | $238 | $801 | $1,457 | $2,287 | $3,076 |
| Kootenai | $510 | $1,237 | $1,799 | $2,559 | $3,640 |
| Latah | $675 | $1,660 | $2,676 | $3,662 | $4,706 |
| Lemhi | $104 | $296 | $733 | $1,202 | $1,742 |
| Lewis | $292 | $774 | $1,222 | $1,850 | $2,796 |
| Lincoln | $144 | $397 | $780 | $1,482 | $2,528 |
| Madison | $698 | $1,212 | $1,903 | $2,609 | $3,410 |
| Minidoka | $395 | $796 | $1,155 | $1,765 | $2,556 |
| Nez Perce | $585 | $1,399 | $2,415 | $3,592 | $4,862 |
| Oneida | $349 | $771 | $1,237 | $1,646 | $2,173 |
| Owyhee | N/A | N/A | N/A | N/A | N/A |
| Payette | $286 | $665 | $1,100 | $1,559 | $2,106 |
| Power | $620 | $1,105 | $1,630 | $2,430 | $3,429 |
| Shoshone | $74 | $377 | $991 | $1,769 | $2,687 |
| Teton | $856 | $1,734 | $2,496 | $3,415 | $5,009 |
| Twin Falls | $794 | $1,188 | $1,816 | $2,720 | $3,672 |
| Valley | $486 | $1,054 | $1,821 | $2,937 | $4,391 |
| Washington | $114 | $586 | $1,116 | $1,853 | $2,742 |
Source: Ownwell
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