83451 Property Tax Rate

Property owners in ZIP code 83451 (Teton, Idaho) pay a median of $1,176/year in property taxes on homes valued at $288,800. This translates to an effective tax rate of 0.41%, which is 19% below the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83451 is approximately $98, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $432 less than the Idaho average of $1,608/year.

Compared to similar ZIP codes in Idaho, 83451 has higher property taxes. ZIP codes with similar effective rates include 83246 (0.41%) and 83836 (0.41%).

In Teton, property taxes represent approximately 1.5% of the median household income of $76,563, 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.