Idaho variant. This is a Idaho-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Idaho's effective property tax rate of 0.55% means the owner of a median $460,000 home pays roughly $2,530 per year - a figure that varies widely by state.
How Idaho property tax is calculated
Property tax = assessed value × local millage rate. The 0.55% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $460,000 Idaho median home, that works out to about $2,530/year or $211/month - often escrowed into your mortgage payment.
About taxes and housing in Idaho
Idaho applies a single flat income tax rate to taxable income.
Idaho has relatively low property taxes and offers a homeowner's exemption that reduces the taxable value of an owner-occupied home.
Idaho's economy is fueled by agriculture, technology, and one of the fastest population growth rates in the country.
Worked example: tax on a $460,000 home
$460,000 × 0.55% = $2,530 per year. A $500,000 home in Idaho would owe about $2,750 annually at the same effective rate.
Quick reference
- State income tax: Flat 5.695% as of 2024
- State sales tax: 6% (plus 0.03% avg local)
- Median home value: $460,000
- Median household income: $74,636
- Effective property tax rate: 0.55%
- Avg auto insurance: $1,094/yr
Frequently Asked Questions
What is the property tax rate in Idaho?
Idaho's effective property tax rate averages 0.55% of market value per year.
How much property tax on a $460,000 home in Idaho?
About $2,530 per year at the 0.55% effective rate.