Caribou County, Idaho Property Taxes

Name: Property Tax Bills Across Caribou County, Idaho
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Caribou County effective property tax rate: 0.73%, significantly lower than the national median of 1.02%. Median Caribou County home value: $58,764. Median annual Caribou County tax bill: $502, $1,898 lower than the national median property tax bill of $2,400.

How are property taxes in Caribou County calculated?

Property taxes in Caribou 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 Soda Springs or another part of Caribou County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Caribou County, Idaho Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$429

$398

Ownwell’s Caribou County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Caribou County with just two data points. By entering your property's estimated assessed value, our calculator applies Caribou 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 Caribou County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Caribou County, Idaho

Local government entities set tax rates, which can vary widely within Idaho. Each year, counties estimate their required budgets to provide essential services and divide that by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this annual process is the foundation. In Caribou County, the effective property tax rate is 0.73%, below the national median of 1.02%. Comparatively, Soda Springs has the highest median tax rate in the county at 0.82%, while Wayan boasts the lowest at 0.53%. These figures highlight the diversity in tax rates even within a single county. Understanding these rates can help property owners anticipate their tax obligations and explore potential savings through appeals or exemptions. By comparing Caribou County's property tax rate to other counties in Idaho or the national median, property owners can make informed decisions about their investments and financial planning.

Property Tax Rates Across Caribou County, Idaho

Source: Ownwell

0.53%

0.68%

0.83%

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 Caribou County Tax Rate

0.73%

Median Effective Idaho Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Caribou County, Idaho

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bancroft	0.46%	0.64%	0.74%	1.02%	2.06%
Grace	0.43%	0.59%	0.72%	0.98%	1.46%
Soda Springs	0.45%	0.53%	0.82%	1.26%	1.51%
Wayan	0.23%	0.28%	0.53%	0.54%	0.57%

Source: Ownwell

Property Tax Assessment Values Across Caribou County, Idaho

When examining property taxes in Caribou 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 Caribou 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 Caribou 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 Caribou County. For example, the median tax bill in Caribou County is $1,207, with tax bills ranging significantly across the county. Wayan has the highest median home price at $270,363.

Property Tax Assessment Values Across Caribou County, Idaho

Source: Ownwell

$15,587

$142,975

$270,363

Median Caribou County Market Value

$58,764

Median Idaho Market Value

$374,698

Median United States Market Value

$235,294

Property Tax Assessment Values Across Caribou County, Idaho

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bancroft	$8,770	$12,618	$87,623	$254,815	$488,956
Grace	$7,320	$21,052	$122,966	$239,854	$452,775
Soda Springs	$4,789	$7,358	$16,046	$171,509	$291,225
Wayan	$35,050	$122,386	$270,363	$321,925	$652,215

Source: Ownwell

Property Tax Bills Across Caribou County, Idaho

Property tax bills in Caribou County, Idaho, are determined by assessing the property's market value and applying the local tax rate. With a median home price of $58,764, the property tax rate in this region is relatively low compared to the national median property tax rate of 1.02%. Homeowners in Caribou County experience a range of tax bills. The 25th percentile tax bill is $99, while the 75th percentile reaches $1,368, and the 90th percentile is $2,395. The city of Wayan has the highest median tax bill in the county at $1,207, whereas Soda Springs has the lowest at $166. These variations illustrate how property taxes can significantly impact homeowners, depending on their property's assessed value and location within the county. Understanding these factors is crucial for homeowners as they can influence financial planning and the overall cost of homeownership. Being aware of how tax bills are calculated can help homeowners anticipate changes and manage their expenses effectively.

Property Tax Bills Across Caribou County, Idaho

Source: Ownwell

$164

$686

$1,207

Median Caribou County Tax Bill

$502

Median Idaho Tax Bill

$1,894

Median United States Tax Bill

$2,400

Property Tax Bills Across Caribou County, Idaho

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bancroft	$87	$153	$658	$1,546	$2,726
Grace	$71	$145	$886	$1,650	$3,459
Soda Springs	$55	$85	$166	$1,103	$1,996
Wayan	$138	$329	$1,207	$1,688	$3,278

Source: Ownwell