83237 Property Tax Rate

Property owners in ZIP code 83237 (Franklin, Idaho) pay a median of $1,523/year in property taxes on homes valued at $361,800. This translates to an effective tax rate of 0.42%, which is 16% below the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83237 is approximately $127, which factors into escrow payments on mortgages. This ZIP code is located within Franklin County.

Compared to similar ZIP codes in Idaho, 83237 has higher property taxes. ZIP codes with similar effective rates include 83629 (0.42%) and 83639 (0.42%).

In Franklin, property taxes represent approximately 1.9% of the median household income of $78,375, providing context for the relative tax burden on homeowners in this area.

Idaho assesses property to market value at purchase with no statewide cap, and Franklin County's 0.48% rate results in $1,338 annual tax on the median $276,500 home. Franklin County does not offer a state homestead exemption, but contact the Franklin County Assessor to verify that your property receives the correct owner-occupied classification and to confirm no local exemptions are available. Submit your homeowner claim to the Franklin County Assessor within 30 days of closing.