Elk City, Idaho County, Idaho Property Taxes

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

Median Elk City, Idaho effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Idaho state median of 0.50%. Median Elk City, Idaho home value: $165,299. Median annual Elk City, Idaho tax bill: $593, $1,807 lower than the national median property tax bill of $2,400.

How are property taxes in Idaho calculated?

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

Last Updated March 1, 2025

Elk City, Idaho County, Idaho Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.36%

Estimate Property Tax Bill

$595

$552

Ownwell’s Elk City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elk City with just two data points. By entering your property's estimated assessed value, our calculator applies Elk City’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 Idaho County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Elk City, Idaho County, Idaho

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process.

Elk City in Idaho County, Idaho, has a property tax rate significantly lower than the national median of 1.02%. This lower rate can be attributed to various factors, including the county's budgetary requirements and the total assessed value of properties. Compared to other cities in Idaho, Elk City's rate is competitive, offering residents a more affordable property tax bill than many other areas. The median property tax rate in Idaho is also notably lower than the national average, making it an attractive option for property owners seeking lower tax burdens. By understanding these rates, property owners in Elk City can make informed decisions and potentially benefit from appealing or seeking exemptions to further reduce their tax liabilities.

Property Tax Rates Across Elk City, Idaho County, Idaho

Source: Ownwell

0.20%

0.30%

0.40%

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 Elk City Tax Rate

0.36%

Median Effective Idaho County Tax Rate

0.27%

Median Effective Idaho Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elk City, Idaho County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
83525	0.22%	0.27%	0.36%	0.44%	0.54%

Source: Ownwell

Property Tax Assessment Values Across Elk City, Idaho County, Idaho

When examining property taxes in Elk City, 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 Idaho County appraisal district 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 Idaho 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 Elk City. For example, the median home price in Elk City is $165,299, with tax bills ranging significantly across the county. Zip code 83525 has the highest median home price at $165,299.

Property Tax Assessment Values Across Elk City, Idaho County, Idaho

Source: Ownwell

$69,489

$203,562

$337,634

Median Elk City Market Value

$165,299

Median Idaho County Market Value

$208,696

Median Idaho Market Value

$374,698

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elk City, Idaho County, Idaho

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
83525	$45,194	$89,230	$165,299	$236,749	$338,432

Source: Ownwell

Property Tax Bills Across Elk City, Idaho County, Idaho

In Elk City, located in Idaho County, ID, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor, who evaluates the property to establish its fair market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Elk City experience a range of tax bills, with the 25th percentile at $432 and the 90th percentile reaching $964. These figures are significantly below the national median property tax bill of $2,400, reflecting a more affordable tax burden for residents. However, even with lower tax bills, homeowners can still benefit from appealing their property assessments to ensure they are not overpaying. This is where Ownwell steps in, offering expert property tax appeal services to help homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in Elk City in achieving fair and accurate property tax evaluations.

Property Tax Bills Across Elk City, Idaho County, Idaho

Source: Ownwell

$320

$827

$1,333

Median Elk City Tax Bill

$593

Median Idaho County Tax Bill

$670

Median Idaho Tax Bill

$1,894

Median United States Tax Bill

$2,400

Property Tax Bills Across Elk City, Idaho County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
83525	$257	$432	$593	$765	$964

Source: Ownwell