83349 Property Tax Rate

Property owners in ZIP code 83349 (Richfield, Idaho) pay a median of $943/year in property taxes on homes valued at $203,400. This translates to an effective tax rate of 0.46%, which is 7% below the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83349 is approximately $79, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $665 less than the Idaho average of $1,608/year.

Compared to similar ZIP codes in Idaho, 83349 has lower property taxes. ZIP codes with similar effective rates include 83545 (0.46%) and 83833 (0.46%).

In Richfield, property taxes represent approximately 1.4% of the median household income of $69,083, 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 — be prepared for an immediate jump in your assessed value to the purchase price. Lincoln County offers a Homeowners' Exemption reducing assessed value by up to $100,000 for owner-occupied primary residences; file the application with the Lincoln County Assessor within 90 days of purchase. Contact the Lincoln County Assessor's office to obtain and file the exemption form before the deadline.