83254 Property Tax Rate

Property owners in ZIP code 83254 (Montpelier, Idaho) pay a median of $1,084/year in property taxes on homes valued at $200,000. This translates to an effective tax rate of 0.54%, which is 8% above the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83254 is approximately $90, which factors into escrow payments on mortgages. This ZIP code is located within Bear Lake County. This is $524 less than the Idaho average of $1,608/year.

Compared to similar ZIP codes in Idaho, 83254 has higher property taxes. ZIP codes with similar effective rates include 83850 (0.54%) and 83263 (0.54%).

In Montpelier, property taxes represent approximately 1.8% of the median household income of $60,570, providing context for the relative tax burden on homeowners in this area.

Idaho assesses property to market value at purchase with no statewide cap, though Bear Lake County's 0.30% effective rate is among the lowest statewide. Bear Lake County does not offer a homestead exemption, but owner-occupants should contact the Bear Lake County Assessor to confirm correct classification and inquire about any available local relief programs. Request your assessment notice from the Bear Lake County Assessor within 30 days of closing and establish your primary residence claim in the county record.