83274 Property Tax Rate

Property owners in ZIP code 83274 (Shelley, Idaho) pay a median of $1,391/year in property taxes on homes valued at $328,000. This translates to an effective tax rate of 0.42%, which is 15% below the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83274 is approximately $116, which factors into escrow payments on mortgages. This ZIP code is located within Bingham County. This is $217 less than the Idaho average of $1,608/year.

Compared to similar ZIP codes in Idaho, 83274 has higher property taxes. ZIP codes with similar effective rates include 83654 (0.42%) and 83856 (0.43%).

In Shelley, property taxes represent approximately 1.7% of the median household income of $80,000, 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 Bingham County's 0.67% effective rate means annual taxes on a $181,500 home approach $1,219. Bingham County does not offer a state homestead exemption, but primary residents should contact the Bingham County Assessor to confirm that the property is correctly classified as owner-occupied. File your homeowner claim with the Bingham County Assessor's office within 30 days of purchase to ensure accurate assessment and record your primary residence status.