Montpelier, Bear Lake County, Idaho Property Taxes
Median Montpelier, ID effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but lower than the Idaho state median of 0.50%.
Median Montpelier, ID home value: $207,892
Median annual Montpelier, ID tax bill: $879, $1,521 lower than the national median property tax bill of $2,400.
How are property taxes in Bear Lake calculated?
Property taxes in Montpelier, ID 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 Montpelier’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montpelier, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montpelier, Bear Lake County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.39%
Estimate Property Tax Bill
$811
$752
Property Tax Rates Across Montpelier, Bear Lake County, Idaho
Local government entities in Idaho determine tax rates, which can significantly differ across the state. Each year, counties, including Bear Lake, calculate their budget needs to maintain public services and divide this by the total assessed value of all taxable properties in their jurisdiction. This process determines the property tax rate. While legislative measures and public votes play a role in setting these rates, this is the core methodology.
Montpelier, located in Bear Lake County, provides a unique perspective on property tax rates in Idaho. With an effective property tax rate of 0.39%, Montpelier's rate is notably lower than both the state and national medians. This makes Montpelier an attractive option for property owners seeking lower tax burdens.
Comparing Montpelier's rate to the national median property tax rate of 1.02% and the national median property tax bill of $2,400, it becomes evident that Montpelier offers a more affordable property tax environment. This affordability can be a significant factor for homeowners and investors considering property in Idaho.
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 Montpelier Tax Rate
0.39%
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 Bear Lake County Tax Rate
0.36%
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montpelier, Bear Lake County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83254 | 0.23% | 0.34% | 0.39% | 0.52% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Montpelier, Bear Lake County, Idaho
When examining property taxes in Montpelier, 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 location, property condition, and economic market trends. The Bear Lake County appraisal district 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.
In Bear Lake 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 Montpelier. For example, the median home price in Montpelier is $207,892, with tax bills ranging significantly across the county. Zip code 83254 has the highest median home price at $207,892.
Property Tax Assessment Values Across Montpelier, Bear Lake County, Idaho
Source: Ownwell
$207,892
$356,474
$505,055
Median Montpelier Market Value
$207,892
Median Bear Lake County Market Value
$278,628
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montpelier, Bear Lake County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83254 | $94,538 | $147,810 | $207,892 | $294,905 | $399,486 |
Source: Ownwell
Property Tax Bills Across Montpelier, Bear Lake County, Idaho
Median Montpelier Tax Bill
$879
Median Bear Lake County Tax Bill
$1,081
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Montpelier, Bear Lake County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83254 | $467 | $655 | $879 | $1,245 | $1,664 |
Source: Ownwell