83440 Property Tax Rate

Property owners in ZIP code 83440 (Rexburg, Idaho) pay a median of $1,874/year in property taxes on homes valued at $372,800. This translates to an effective tax rate of 0.50%, which is near the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83440 is approximately $156, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $266 more than the Idaho average of $1,608/year.

Compared to similar ZIP codes in Idaho, 83440 has higher property taxes. ZIP codes with similar effective rates include 83823 (0.50%) and 83350 (0.50%).

In Rexburg, property taxes represent approximately 3.2% of the median household income of $57,701, 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 reflect the purchase price at closing. Madison County provides a Homeowners' Exemption of up to $100,000 off assessed value for primary residences; apply with the Madison County Assessor within 90 days of purchase to claim this protection. Contact the Madison County Assessor promptly after closing to obtain and file the exemption application.