Idaho (ID) property tax rate: 0.64% | Median home: $415,000 | Median annual tax: $2,656
Idaho is one of the fastest-growing states in the Mountain West. The average effective property tax rate in Idaho is 0.64%, which is below the national average of 1.1%.
On the median Idaho home valued at $415,000, annual property taxes come to approximately $2,656 or $221/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Idaho offers a homeowner exemption that reduces taxable value by 50% up to $125,000.
Combined with Idaho's state income tax rate of 5.8%, homeowners should consider the total tax picture. Property taxes in Idaho are manageable and in line with regional averages.
See all Idaho financial calculators:
Idaho has an average effective property tax rate of 0.64%. On the median home value of $415,000, that equals approximately $2,656 per year or $221 per month.
Property taxes in Idaho are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Idaho offers a homeowner exemption that reduces taxable value by 50% up to $125,000.
Idaho property taxes are well below the national average of 1.1%. This is a genuine financial advantage for homeowners in Idaho.
Property tax due dates vary by county in Idaho. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.