83241 Property Tax Rate

Property owners in ZIP code 83241 (Grace, Idaho) pay a median of $1,231/year in property taxes on homes valued at $206,000. This translates to an effective tax rate of 0.60%, which is 19% above the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83241 is approximately $103, which factors into escrow payments on mortgages. This ZIP code is located within Caribou County. This is $377 less than the Idaho average of $1,608/year.

Compared to similar ZIP codes in Idaho, 83241 has lower property taxes. ZIP codes with similar effective rates include 83604 (0.60%) and 83605 (0.60%).

In Grace, property taxes represent approximately 1.8% of the median household income of $68,810, 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.