83463 Property Tax Rate

Property owners in ZIP code 83463 (Gibbonsville, Idaho) pay a median of $703/year in property taxes on homes valued at $262,500. This translates to an effective tax rate of 0.27%, which is 47% below the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83463 is approximately $59, which factors into escrow payments on mortgages. This ZIP code is located within Lemhi County. This is $905 less than the Idaho average of $1,608/year.

Compared to similar ZIP codes in Idaho, 83463 has lower property taxes. ZIP codes with similar effective rates include 83549 (0.27%) and 83812 (0.27%).

In Gibbonsville, property taxes represent approximately 1.4% of the median household income of $51,161, 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 your assessed value to jump to the purchase price when the deed is recorded. Lemhi County offers a Homeowners' Exemption reducing assessed value by up to $100,000 for owner-occupied primary residences; file with the Lemhi County Assessor within 90 days of closing to secure this benefit. Reach out to the Lemhi County Assessor as soon as possible after purchase to submit the exemption application.