Lincoln County, Idaho Property Taxes
Median Lincoln County effective property tax rate: 0.65%, significantly lower than the national median of 1.02%.
Median Lincoln County home value: $107,940
Median annual Lincoln County tax bill: $780, $1,620 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Lincoln 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 Shoup or another part of Lincoln County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lincoln County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$702
$651
Property Tax Rates Across Lincoln County, Idaho
Local government entities set tax rates, which can vary significantly within a state. Each county 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Lincoln County in Idaho boasts an effective property tax rate of 0.65%, which is lower than the national median property tax rate of 1.02%. Within Idaho, Richfield has the highest median tax rate at 0.80%, while Paul enjoys the lowest at 0.49%. This variation highlights the importance of understanding local tax rates as they can significantly affect property tax bills. For instance, a property owner in Lincoln County might pay considerably less in taxes compared to someone in a county with a higher rate. Comparing Lincoln County's effective property tax rate to other counties in Idaho or the U.S. median property tax rate can provide valuable insights for property owners and prospective buyers.
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 Lincoln County Tax Rate
0.65%
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 Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lincoln County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dietrich | 0.41% | 0.45% | 0.60% | 0.72% | 1.34% |
| Jerome | N/A | N/A | N/A | N/A | N/A |
| Paul | 0.44% | 0.46% | 0.49% | 0.55% | 0.57% |
| Richfield | 0.52% | 0.58% | 0.80% | 1.23% | 2.14% |
| Shoshone | 0.38% | 0.45% | 0.64% | 0.91% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln County, Idaho
When examining property taxes in Lincoln 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 Lincoln 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 Lincoln 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 Lincoln County. For example, the median tax bill in Lincoln County is $1,482, with tax bills ranging significantly across the county. Paul has the highest median home price at $495,430.
Median Lincoln County Market Value
$107,940
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lincoln County, Idaho
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dietrich | $9,648 | $63,932 | $167,540 | $316,192 | $478,391 |
| Jerome | N/A | N/A | N/A | N/A | N/A |
| Paul | $133,203 | $386,215 | $495,430 | $884,015 | $1,163,822 |
| Richfield | $5,185 | $32,500 | $104,560 | $194,448 | $286,845 |
| Shoshone | $3,760 | $26,170 | $110,830 | $209,710 | $321,774 |
Source: Ownwell
Property Tax Bills Across Lincoln County, Idaho
In Lincoln County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is a percentage of the home's market value and is subject to periodic reassessment. Homeowners in Lincoln County experience a range of property tax bills, with the 25th percentile at $397 and the 75th percentile reaching $1,482. For those at the 90th percentile, tax bills can soar to $2,528, reflecting the variability in property values and tax rates within the county.
The median home price in Lincoln County is $107,940, which significantly influences the tax bill. Compared to the national median property tax bill of $2,400, Lincoln County's homeowners generally face lower tax obligations. However, the city of Paul within the county has the highest median tax bill at $2,721, while Shoshone records the lowest at $691, highlighting the disparity in tax burdens across different areas. These factors collectively impact the financial responsibilities of homeowners, influencing decisions on property investments and long-term residency.
Median Lincoln County Tax Bill
$780
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Lincoln County, Idaho
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dietrich | $203 | $494 | $948 | $1,857 | $2,833 |
| Jerome | N/A | N/A | N/A | N/A | N/A |
| Paul | $616 | $1,957 | $2,721 | $3,971 | $5,417 |
| Richfield | $152 | $457 | $813 | $1,426 | $2,055 |
| Shoshone | $133 | $316 | $691 | $1,239 | $2,033 |
Source: Ownwell