83523 Property Tax Rate

Property owners in ZIP code 83523 (Craigmont, Idaho) pay a median of $1,435/year in property taxes on homes valued at $193,900. This translates to an effective tax rate of 0.74%, which is 48% above the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83523 is approximately $120, which factors into escrow payments on mortgages. This ZIP code is located within Lewis County.

Compared to similar ZIP codes in Idaho, 83523 has lower property taxes. ZIP codes with similar effective rates include 83843 (0.74%) and 83204 (0.75%).

In Craigmont, property taxes represent approximately 2.4% of the median household income of $60,833, 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 — expect the assessed value to reset to the purchase price immediately upon transfer. Lewis County offers a Homeowners' Exemption reducing assessed value by up to $100,000 for owner-occupied primary residences; file with the Lewis County Assessor within 90 days of closing to secure this protection. Reach out to the Lewis County Assessor promptly after purchase to submit the exemption application before the deadline.