Bannock County, Idaho Property Taxes
Median Bannock County effective property tax rate: 0.67%, significantly lower than the national median of 1.02%.
Median Bannock County home value: $263,380
Median annual Bannock County tax bill: $1,810, $590 lower than the national median property tax bill of $2,400.
How are property taxes in Bannock County calculated?
Property taxes in Bannock County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Pocatello or another part of Bannock County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bannock County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$1,765
$1,638
Ownwell’s Bannock County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bannock County with just two data points.
By entering your property's estimated assessed value, our calculator applies Bannock County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bannock County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Bannock County, Idaho
Local government entities set tax rates, which can vary widely within a state. The annual process involves each county estimating its required budget to provide services, then dividing that by the total value of all taxable property within its 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, this is the annual process.
Bannock County in Idaho offers an interesting case study. Its effective property tax rate is notably lower than the national median property tax rate of 1.02%. Within the county, Pocatello has the highest median tax rate, while Swanlake enjoys the lowest. This variation highlights how local needs and property values influence tax rates. Comparing Bannock County's rate to the U.S. median property tax rate can provide valuable insights for property owners. Understanding these differences is crucial for homeowners aiming to manage their property tax obligations effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bannock County Tax Rate
0.67%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bannock County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arimo | 0.22% | 0.36% | 0.44% | 0.58% | 0.84% |
| Chubbuck | 0.25% | 0.33% | 0.61% | 0.97% | 1.27% |
| Downey | 0.19% | 0.34% | 0.49% | 0.59% | 0.94% |
| Inkom | 0.21% | 0.23% | 0.41% | 0.55% | 0.76% |
| Lava Hot Springs | 0.19% | 0.33% | 0.46% | 0.57% | 0.66% |
| Mccammon | 0.21% | 0.34% | 0.45% | 0.56% | 0.74% |
| Pocatello | 0.34% | 0.58% | 0.72% | 0.91% | 1.20% |
| Swanlake | 0.30% | 0.33% | 0.40% | 0.52% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Bannock County, Idaho
When examining property taxes in Bannock County, 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 location, property condition, and economic market trends. The Bannock County Assessor's Office estimates the market value for tax purposes. The assessed value is 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 Bannock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bannock County. For example, the median tax bill in Bannock County is $1,507, with tax bills ranging significantly across the county. Pocatello has the highest median home price at $269,379.
Median Bannock County Market Value
$263,380
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bannock County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arimo | $47,422 | $179,147 | $266,308 | $363,197 | $515,761 |
| Chubbuck | $11,452 | $32,180 | $79,230 | $89,860 | $97,754 |
| Downey | $73,874 | $159,470 | $216,478 | $305,024 | $411,390 |
| Inkom | $5,000 | $58,850 | $243,671 | $424,124 | $619,640 |
| Lava Hot Springs | $46,000 | $70,360 | $95,274 | $302,920 | $447,277 |
| Mccammon | $40,116 | $156,830 | $267,432 | $378,193 | $512,782 |
| Pocatello | $88,882 | $198,908 | $269,379 | $366,176 | $498,938 |
| Swanlake | $48,301 | $171,524 | $250,922 | $358,551 | $424,433 |
Source: Ownwell
Property Tax Bills Across Bannock County, Idaho
Median Bannock County Tax Bill
$1,810
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Bannock County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arimo | $257 | $653 | $1,091 | $1,676 | $2,298 |
| Chubbuck | $50 | $108 | $261 | $412 | $988 |
| Downey | $169 | $570 | $974 | $1,500 | $2,039 |
| Inkom | $10 | $155 | $991 | $1,891 | $3,167 |
| Lava Hot Springs | $135 | $222 | $480 | $1,423 | $2,250 |
| Mccammon | $163 | $544 | $1,044 | $1,714 | $2,472 |
| Pocatello | $295 | $1,242 | $2,009 | $3,065 | $4,307 |
| Swanlake | $178 | $601 | $875 | $1,602 | $2,172 |
Source: Ownwell