83827 Property Tax Rate

Property owners in ZIP code 83827 (Elk River, Idaho) pay a median of $1,295/year in property taxes on homes valued at $225,000. This translates to an effective tax rate of 0.58%, which is 15% above the Idaho state average of 0.50%.

The monthly property tax burden for a median-valued home in 83827 is approximately $108, which factors into escrow payments on mortgages. This ZIP code is located within Clearwater County. This is $313 less than the Idaho average of $1,608/year.

Compared to similar ZIP codes in Idaho, 83827 has higher property taxes. ZIP codes with similar effective rates include 83330 (0.58%) and 83325 (0.57%).

In Elk River, property taxes represent approximately 2.4% of the median household income of $54,808, 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 jump to the purchase price at closing. Clearwater County offers a Homeowners' Exemption reducing assessed value by up to $100,000 for owner-occupied primary residences; apply with the Clearwater County Assessor within 90 days of closing to mitigate the county's higher-than-average effective rate. File the exemption application with the Clearwater County Assessor immediately after receiving your initial assessment notice.