Idaho Falls, Bonneville County, Idaho Property Taxes
Median Idaho Falls, ID effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Idaho state median of 0.50%.
Median Idaho Falls, ID home value: $345,464
Median annual Idaho Falls, ID tax bill: $1,664, $736 lower than the national median property tax bill of $2,400.
How are property taxes in Bonneville calculated?
Property taxes in Idaho Falls, 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 Idaho Falls’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Idaho Falls, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Idaho Falls, Bonneville County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.49%
Estimate Property Tax Bill
$1,693
$1,571
Property Tax Rates Across Idaho Falls, Bonneville County, Idaho
Local government entities in Idaho set property tax rates, and these can vary significantly within the state. Each year, counties like Bonneville estimate the budget needed for essential services and divide it by the total assessed value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although the process involves votes and laws, this is the essence of how rates are set annually.
In Idaho Falls, located in Bonneville County, the effective property tax rate is lower than the national median rate of 1.02%. Within Idaho Falls, the highest median tax rate is found in the 83404 zip code, while the lowest is in the 83401 zip code. This variation highlights the differences in property tax burdens even within the same city. Comparing Idaho Falls to other cities in Idaho, the city's median tax rate is slightly below the state median of 0.49%. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions.
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 Falls Tax Rate
0.49%
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 Bonneville County Tax Rate
0.46%
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Idaho Falls, Bonneville County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83401 | 0.32% | 0.36% | 0.43% | 0.58% | 0.95% |
| 83402 | 0.30% | 0.42% | 0.50% | 0.66% | 0.97% |
| 83404 | 0.38% | 0.45% | 0.53% | 0.60% | 0.93% |
| 83406 | 0.35% | 0.38% | 0.40% | 0.45% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Idaho Falls, Bonneville County, Idaho
When examining property taxes in Idaho Falls, 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 Bonneville 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.
In Bonneville 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 Idaho Falls.
For example, the median home price in Idaho Falls is $345,464, with tax bills ranging significantly across the county. Zip code 83406 has the highest median home price at $554,910.
Property Tax Assessment Values Across Idaho Falls, Bonneville County, Idaho
Source: Ownwell
$171,530
$363,220
$554,910
Median Idaho Falls Market Value
$345,464
Median Bonneville County Market Value
$349,759
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Idaho Falls, Bonneville County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83401 | $102,775 | $249,300 | $333,329 | $426,987 | $536,370 |
| 83402 | $111,281 | $238,952 | $305,662 | $396,815 | $482,494 |
| 83404 | $228,768 | $293,170 | $387,128 | $498,420 | $627,982 |
| 83406 | $283,760 | $419,763 | $554,910 | $736,339 | $922,698 |
Source: Ownwell
Property Tax Bills Across Idaho Falls, Bonneville County, Idaho
Median Idaho Falls Tax Bill
$1,664
Median Bonneville County Tax Bill
$1,646
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Idaho Falls, Bonneville County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83401 | $398 | $960 | $1,469 | $2,049 | $2,807 |
| 83402 | $426 | $1,000 | $1,549 | $2,249 | $2,910 |
| 83404 | $945 | $1,444 | $2,147 | $2,967 | $3,869 |
| 83406 | $1,079 | $1,676 | $2,388 | $3,090 | $4,050 |
Source: Ownwell