Twin Falls, Jerome County, Idaho Property Taxes

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

Median Twin Falls, ID effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but higher than the Idaho state median of 0.50%.
Median Twin Falls, ID home value: $421,386
Median annual Twin Falls, ID tax bill: $2,413, $13 higher than the national median property tax bill of $2,400.

How are property taxes in Jerome calculated?

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

Last Updated March 1, 2025

Twin Falls, Jerome County, Idaho Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$2,444

$2,268

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

Property Tax Rates Across Twin Falls, Jerome County, Idaho

Local government entities are responsible for setting tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Twin Falls, located in Jerome County, the effective property tax rate is a reflection of this process. Compared to other cities in Idaho, Twin Falls’ property tax rate offers a unique perspective on local taxation. With Idaho's median property tax rate being lower than the national median of 1.02%, residents of Twin Falls may find some relief in their property tax bills. This can be particularly appealing when considering the national median property tax bill of $2400. Understanding these local nuances can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Twin Falls, Jerome County, Idaho

Source: Ownwell

0.56%

0.67%

0.79%

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 Twin Falls Tax Rate

0.58%

Median Effective Jerome County Tax Rate

0.79%

Median Effective Idaho Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Twin Falls, Jerome County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
83301	0.52%	0.54%	0.58%	0.61%	0.84%

Source: Ownwell

Property Tax Assessment Values Across Twin Falls, Jerome County, Idaho

When examining property taxes in Twin Falls, ID, 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 Jerome 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 Jerome 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 Twin Falls.

For example, the median home price in Twin Falls is $421,386, with tax bills ranging significantly across the county. Zip code 83301 has the highest median home price at $421,386.

Property Tax Assessment Values Across Twin Falls, Jerome County, Idaho

Source: Ownwell

$120,512

$270,949

$421,386

Median Twin Falls Market Value

$421,386

Median Jerome County Market Value

$180,486

Median Idaho Market Value

$374,698

Median United States Market Value

$235,294

Property Tax Assessment Values Across Twin Falls, Jerome County, Idaho

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
83301	$217,824	$328,253	$421,386	$502,762	$556,669

Source: Ownwell

Property Tax Bills Across Twin Falls, Jerome County, Idaho

In Twin Falls, located in Jerome County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. The median home price in Twin Falls is $421,386, with property tax bills ranging from the 25th percentile at $1,729 to the 90th percentile at $4,635. The median property tax bill in the area is $2,413, slightly above the national median of $2,400. Homeowners in Twin Falls may find their property tax bills to be a significant financial obligation. However, Ownwell can help by providing property tax appeal and exemption services to ensure homeowners are not overpaying. By reviewing assessments and identifying potential errors or opportunities for exemptions, Ownwell can assist homeowners in reducing their tax burden and saving money.

Property Tax Bills Across Twin Falls, Jerome County, Idaho

Source: Ownwell

$894

$1,654

$2,413

Median Twin Falls Tax Bill

$2,413

Median Jerome County Tax Bill

$1,457

Median Idaho Tax Bill

$1,894

Median United States Tax Bill

$2,400

Property Tax Bills Across Twin Falls, Jerome County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
83301	$1,096	$1,729	$2,413	$3,217	$4,635

Source: Ownwell