Bancroft, Caribou County, Idaho Property Taxes
Median Bancroft, ID effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but higher than the Idaho state median of 0.50%.
Median Bancroft, ID home value: $87,623
Median annual Bancroft, ID tax bill: $658, $1,742 lower than the national median property tax bill of $2,400.
How are property taxes in Caribou calculated?
Property taxes in Bancroft, 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 Bancroft’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bancroft, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bancroft, Caribou County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$648
$602
Ownwell’s Bancroft Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bancroft with just two data points.
By entering your property's estimated assessed value, our calculator applies Bancroft’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Caribou County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Bancroft, Caribou 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. This calculation results in the property tax rate. Although votes and laws influence the setting of tax rates and budgets, this is the annual process in a nutshell.
Bancroft in Caribou County, Idaho, showcases an effective property tax rate of 0.74%, which is below the national median of 1.02%. This lower rate can be an attractive feature for property owners in Bancroft, as it suggests potential savings compared to other regions in the U.S. While Idaho's property tax rates are generally lower than the national average, Bancroft's rate aligns with the state’s trend, providing a favorable environment for property investment. By understanding these nuances, property owners can make informed decisions about appealing their property taxes and exploring exemptions, potentially reducing their tax burden even further.
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 Bancroft Tax Rate
0.74%
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 Caribou County Tax Rate
0.73%
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bancroft, Caribou County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83217 | 0.46% | 0.64% | 0.74% | 1.02% | 2.06% |
Source: Ownwell
Property Tax Assessment Values Across Bancroft, Caribou County, Idaho
When examining property taxes in Bancroft, 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 Caribou 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 Caribou 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 Bancroft. For example, the median home price in Bancroft is $87,623, with tax bills ranging significantly across the county. ZIP code 83217 has the highest median home price at $87,623.
Property Tax Assessment Values Across Bancroft, Caribou County, Idaho
Source: Ownwell
$15,587
$142,975
$270,363
Median Bancroft Market Value
$87,623
Median Caribou County Market Value
$58,764
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bancroft, Caribou County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83217 | $8,770 | $12,618 | $87,623 | $254,815 | $488,956 |
Source: Ownwell
Property Tax Bills Across Bancroft, Caribou County, Idaho
Median Bancroft Tax Bill
$658
Median Caribou County Tax Bill
$502
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Bancroft, Caribou County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83217 | $87 | $153 | $658 | $1,546 | $2,726 |
Source: Ownwell
