Grace, Caribou County, Idaho Property Taxes

Name: Property Tax Bills Across Grace, Caribou County, Idaho
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Grace, ID effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but higher than the Idaho state median of 0.50%.
Median Grace, ID home value: $122,966
Median annual Grace, ID tax bill: $886, $1,514 lower than the national median property tax bill of $2,400.

How are property taxes in Caribou County calculated?

Property taxes in Grace, 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 Grace’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grace, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Grace, Caribou County, Idaho Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$885

$822

Ownwell’s Grace Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grace with just two data points.

By entering your property's estimated assessed value, our calculator applies Grace’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 Grace, Caribou County, Idaho

Local government entities are responsible for setting tax rates, which can significantly differ within a state. This variation is due to the annual process where each county determines its required budget to provide essential services and then divides that by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While the process involves votes and laws to establish tax rates and budgets, this is the simplified annual procedure.

In Grace, located in Caribou County, Idaho, the effective property tax rate is a key consideration for property owners. Comparing Grace’s rate to other cities in Idaho and the median property tax rates in the state and nationwide can provide valuable insights for homeowners. The effective property tax rate in Grace offers a perspective on how local taxation compares to both state and national figures. Understanding these comparisons can be crucial for property owners in making informed decisions about property investments and financial planning.

Property Tax Rates Across Grace, Caribou County, Idaho

Source: Ownwell

0.53%

0.68%

0.83%

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 Grace Tax Rate

0.72%

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 Grace, Caribou County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
83241	0.43%	0.59%	0.72%	0.97%	1.46%
83276	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Grace, Caribou County, Idaho

When examining property taxes in Grace, 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. Assessment notices: 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 Grace. For example, the median home price in Grace is $122,966, with tax bills ranging significantly across the county. Zip code 83241 has the highest median home price at $122,966.

Property Tax Assessment Values Across Grace, Caribou County, Idaho

Source: Ownwell

$15,587

$142,975

$270,363

Median Grace Market Value

$122,966

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 Grace, Caribou County, Idaho

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
83241	$7,493	$22,585	$122,966	$239,601	$458,846
83276	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Grace, Caribou County, Idaho

In Grace, Caribou County, ID, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This value is multiplied by the local tax rate to determine the annual tax bill. Homeowners in Grace experience a range of property tax bills, with the 25th percentile at $145 and the 75th percentile at $1,650, reflecting the variation in property values and tax rates within the area. The highest median tax bill in the region is $886, which is below the national median property tax bill of $2,400, highlighting a more affordable tax environment for residents.

Factors such as property size, location, and improvements can influence the assessed value, thereby impacting the tax bill. For homeowners looking to reduce their property tax burden, Ownwell offers expert services to appeal and lower assessed values. By leveraging local market data and tax regulations, Ownwell can help homeowners secure significant savings, ensuring they pay only what is necessary and fair.

Property Tax Bills Across Grace, Caribou County, Idaho

Source: Ownwell

$164

$686

$1,207

Median Grace Tax Bill

$886

Median Caribou County Tax Bill

$502

Median Idaho Tax Bill

$1,894

Median United States Tax Bill

$2,400

Property Tax Bills Across Grace, Caribou County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
83241	$72	$147	$886	$1,617	$3,509
83276	N/A	N/A	N/A	N/A	N/A

Source: Ownwell