Shelley, Bingham County, Idaho Property Taxes
Median Shelley, ID effective property tax rate: 0.43%, significantly lower than the national median of 1.02%, but lower than the Idaho state median of 0.50%.
Median Shelley, ID home value: $293,030
Median annual Shelley, ID tax bill: $1,285, $1,115 lower than the national median property tax bill of $2,400.
How are property taxes in Bingham calculated?
Property taxes in Shelley, ID are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Shelley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shelley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Shelley, Bingham County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.43%
Estimate Property Tax Bill
$1,260
$1,169
Property Tax Rates Across Shelley, Bingham County, Idaho
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Shelley’s effective property tax rate to other cities in Idaho and the median property tax rates in Idaho and the U.S.
Shelley in Bingham County stands out with a median property tax rate of 0.43%, significantly lower than the national median of 1.02%. This makes it an attractive location for property owners seeking lower tax burdens. In fact, Shelley shares this rate with the highest and lowest median tax rates in the state, making it unique in its consistency. The lower property tax rate in Shelley offers financial relief compared to other regions in the country. This advantageous tax situation can be a compelling factor for potential homebuyers and investors looking for opportunities in Idaho.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Shelley Tax Rate
0.43%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bingham County Tax Rate
0.49%
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Shelley, Bingham County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83274 | 0.29% | 0.36% | 0.43% | 0.54% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Shelley, Bingham County, Idaho
When examining property taxes in Shelley, Idaho, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bingham County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bingham County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Shelley.
For example, the median home price in Shelley is $293,030, with tax bills ranging significantly across the county. The 83274 zip code has the highest median home price at $293,030.
Property Tax Assessment Values Across Shelley, Bingham County, Idaho
Source: Ownwell
$9,529
$152,114
$294,698
Median Shelley Market Value
$293,030
Median Bingham County Market Value
$255,122
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Shelley, Bingham County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83274 | $54,180 | $230,380 | $293,030 | $399,211 | $533,504 |
Source: Ownwell
Property Tax Bills Across Shelley, Bingham County, Idaho
Median Shelley Tax Bill
$1,285
Median Bingham County Tax Bill
$1,085
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Shelley, Bingham County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83274 | $205 | $803 | $1,285 | $1,854 | $2,656 |
Source: Ownwell