83217 Property Tax Rate

Property owners in ZIP code 83217 (Bancroft, Idaho) pay a median of $1,408/year in property taxes on homes valued at $225,500. This translates to an effective tax rate of 0.62%, which is 25% above the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83217 is approximately $117, which factors into escrow payments on mortgages. This ZIP code is located within Caribou County.

Compared to similar ZIP codes in Idaho, 83217 has higher property taxes. ZIP codes with similar effective rates include 83544 (0.62%) and 83262 (0.62%).

In Bancroft, property taxes represent approximately 1.9% of the median household income of $75,114, providing context for the relative tax burden on homeowners in this area.

Idaho assesses property at market value at purchase with no statewide cap, and Caribou County's 0.62% rate generates $1,408 annually on the median $225,500 home. Caribou County does not offer a homestead exemption under state law, but contact the Caribou County Assessor to inquire about any local owner-occupancy exemptions or circuit-breaker programs for seniors and disabled residents. File your homeowner claim with the Caribou County Assessor's office immediately after purchase to document your primary residence.