83525 Property Tax Rate

Property owners in ZIP code 83525 (Elk City, Idaho) pay a median of $839/year in property taxes on homes valued at $286,300. This translates to an effective tax rate of 0.29%, which is 42% below the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83525 is approximately $70, which factors into escrow payments on mortgages. This ZIP code is located within Idaho County. This is $769 less than the Idaho average of $1,608/year.

Compared to similar ZIP codes in Idaho, 83525 has lower property taxes. ZIP codes with similar effective rates include 83633 (0.30%) and 83462 (0.30%).

In Elk City, property taxes represent approximately 1.8% of the median household income of $45,521, 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 reflect the purchase price once the deed is recorded. Idaho County provides a Homeowners' Exemption of up to $100,000 off assessed value for primary residences; apply with the Idaho County Assessor within 90 days of purchase to claim this benefit. Contact the Idaho County Assessor as soon as closing is complete to obtain and file the exemption application.