Gibbonsville, Lemhi County, Idaho Property Taxes

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

Median Gibbonsville, ID effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the Idaho state median of 0.50%.
Median Gibbonsville, ID home value: $220,549
Median annual Gibbonsville, ID tax bill: $721, $1,679 lower than the national median property tax bill of $2,400.

How are property taxes in Lemhi County calculated?

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

Last Updated March 1, 2025

Gibbonsville, Lemhi County, Idaho Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.38%

Estimate Property Tax Bill

$838

$778

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

Property Tax Rates Across Gibbonsville, Lemhi County, Idaho

Local government entities determine property tax rates, which can differ significantly across Idaho. Each year, counties like Lemhi calculate their necessary budget for public services and divide this by the total assessed value of all taxable properties within their borders. This process results in the property tax rate for the area. While setting these rates involves various votes and regulations, this is essentially the annual procedure. Gibbonsville, located in Lemhi County, has an effective property tax rate that is notably lower than the national median of 1.02%. When comparing Gibbonsville's rate to other cities in Idaho, it remains competitive, reflecting the state's overall lower property tax rates. This makes Gibbonsville an attractive option for property owners seeking relief from higher taxes. At the same time, it underscores the importance of understanding local tax rates when considering property investments. By offering property tax appeal and exemption services, we aim to assist property owners in navigating these complexities and potentially reducing their tax burdens.

Property Tax Rates Across Gibbonsville, Lemhi County, Idaho

Source: Ownwell

0.23%

0.31%

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 Gibbonsville Taxx Rate

0.38%

Median Effective Lemhi County Taxx Rate

0.34%

Median Effective Idaho Tax Rate

0.50%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Gibbonsville, Lemhi County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
83463	0.21%	0.24%	0.38%	0.44%	0.50%

Source: Ownwell

Property Tax Assessment Values Across Gibbonsville, Lemhi County, Idaho

When examining property taxes in Gibbonsville, 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 Lemhi 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 Lemhi 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 Gibbonsville. For example, the median home price in Gibbonsville is $220,549, with tax bills ranging significantly across the county. ZIP code 83463 has the highest median home price at $220,549.

Property Tax Assessment Values Across Gibbonsville, Lemhi County, Idaho

Source: Ownwell

$144,128

$269,849

$395,569

Median Gibbonsville Market Value

$220,549

Median Lemhi County Market Value

$240,870

Median Idaho Market Value

$374,698

Median United States Market Value

$244,900

Property Tax Assessment Values Across Gibbonsville, Lemhi County, Idaho

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
83463	$65,231	$129,310	$220,549	$393,469	$538,813

Source: Ownwell

Property Tax Bills Across Gibbonsville, Lemhi County, Idaho

In Gibbonsville, located in Lemhi County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Gibbonsville, the median home price is $220,549, which influences the property tax bill homeowners receive. Tax bills in this area vary, with the 25th percentile at $417 and the 75th percentile reaching $1,238. Compared to the national median property tax bill of $2,400, Gibbonsville's taxes are relatively lower. However, even with lower rates, homeowners can still benefit from ensuring their property is assessed fairly. Ownwell offers services to help homeowners appeal and potentially reduce their property tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in lowering the tax burden, ensuring homeowners in Gibbonsville pay only their fair share.

Property Tax Bills Across Gibbonsville, Lemhi County, Idaho

Source: Ownwell

$426

$686

$945

Median Gibbonsville Tax Bill

$721

Median Lemhi County Tax Bill

$733

Median Idaho Tax Bill

$1,894

Median United States Tax Bill

$2,690

Property Tax Bills Across Gibbonsville, Lemhi County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
83463	$188	$417	$721	$1,238	$1,842

Source: Ownwell