Soda Springs, Caribou County, Idaho Property Taxes

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

Median Soda Springs, ID effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but higher than the Idaho state median of 0.50%.
Median Soda Springs, ID home value: $16,046
Median annual Soda Springs, ID tax bill: $166, $2,234 lower than the national median property tax bill of $2,400.

How are property taxes in Caribou calculated?

Property taxes in Soda Springs, 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 Soda Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Soda Springs, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Soda Springs, Caribou County, Idaho Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.82%

Estimate Property Tax Bill

$132

$122

Ownwell’s Soda Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Soda Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Soda Springs’ 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 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 Soda Springs, Caribou County, Idaho

Local government entities in Idaho, like those in other states, set tax rates that can differ significantly depending on the region. This variation is due to the fact that each county calculates its necessary budget to fund services and divides that amount by the total assessed value of all taxable properties within its boundaries. This process determines the property tax rate. While setting tax rates and budgets involves votes and laws, this is essentially how it works annually.

In Soda Springs, located in Caribou County, property tax rates reflect this process. The effective property tax rate here can be compared to other cities in Idaho and the national median. Idaho's median property tax rate is slightly lower than the national median of 1.02%, with Soda Springs showcasing similar rates. This comparison highlights how local governance and budgetary needs influence property tax rates, affecting homeowners differently across the state and the nation. Understanding these variations can help property owners make informed decisions and potentially seek tax appeal or exemption services if they feel their assessments are higher than they should be.

Property Tax Rates Across Soda Springs, 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 Soda Springs Tax Rate

0.82%

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 Soda Springs, Caribou County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
83276	0.45%	0.53%	0.83%	1.26%	1.51%
83285	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Soda Springs, Caribou County, Idaho

When examining property taxes in Soda Springs, 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 Caribou County Assessor 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 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 Soda Springs. For example, the median home price in Soda Springs is $16,046, with tax bills ranging significantly across the county. ZIP code 83276 has the highest median home price at $15,587.

Property Tax Assessment Values Across Soda Springs, Caribou County, Idaho

Source: Ownwell

$15,587

$142,975

$270,363

Median Soda Springs Market Value

$16,046

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 Soda Springs, Caribou County, Idaho

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
83276	$4,764	$7,321	$15,587	$169,060	$284,905
83285	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Soda Springs, Caribou County, Idaho

In Soda Springs, Caribou County, ID, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This figure represents the market value of the property. The local tax rate is then applied to this assessed value to compute the annual tax bill. Factors influencing the tax bill include property location, size, and local government budgets. In Soda Springs, the median property tax bill is significantly lower than the national median of $2,400, with a typical bill around $164. This can be attributed to the area's lower home prices and tax rates. However, even within Soda Springs, tax bills can vary, ranging from $85 at the 25th percentile to $1,996 at the 90th percentile. Homeowners can benefit from Ownwell's expertise in appealing property tax assessments and identifying applicable exemptions, potentially lowering their tax burden. By leveraging local knowledge and experience, Ownwell helps homeowners ensure they are not overpaying on their property taxes.

Property Tax Bills Across Soda Springs, Caribou County, Idaho

Source: Ownwell

$164

$686

$1,207

Median Soda Springs Tax Bill

$166

Median Caribou County Tax Bill

$502

Median Idaho Tax Bill

$1,894

Median United States Tax Bill

$2,400

Property Tax Bills Across Soda Springs, Caribou County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
83276	$55	$85	$164	$1,088	$1,956
83285	N/A	N/A	N/A	N/A	N/A

Source: Ownwell