83338 Property Tax Rate

Property owners in ZIP code 83338 (Jerome, Idaho) pay a median of $1,640/year in property taxes on homes valued at $253,300. This translates to an effective tax rate of 0.65%, which is 29% above the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83338 is approximately $137, which factors into escrow payments on mortgages. This ZIP code is located within Jerome County.

Compared to similar ZIP codes in Idaho, 83338 has lower property taxes. ZIP codes with similar effective rates include 83832 (0.65%) and 83837 (0.65%).

In Jerome, property taxes represent approximately 2.3% of the median household income of $70,489, providing context for the relative tax burden on homeowners in this area.

Idaho reassesses property at market value upon sale, with no cap on the increase — your assessed value will reset to the purchase price immediately upon transfer. Jerome County provides a Homeowners' Exemption of up to $100,000 off assessed value for primary residences; apply with the Jerome County Assessor within 90 days of closing to claim this benefit. Reach out to the Jerome County Assessor to request the exemption application and confirm the exact deadline in your district.