Salmon, Lemhi County, Idaho Property Taxes

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

Median Salmon, ID effective property tax rate: 0.34%, significantly lower than the national median of 1.02%, but lower than the Idaho state median of 0.50%.
Median Salmon, ID home value: $239,895
Median annual Salmon, ID tax bill: $746, $1,654 lower than the national median property tax bill of $2,400.

How are property taxes in Lemhi County calculated?

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

Last Updated March 1, 2025

Salmon, Lemhi County, Idaho Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.34%

Estimate Property Tax Bill

$816

$757

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

By entering your property's estimated assessed value, our calculator applies Salmon’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 Lemhi County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Salmon, Lemhi County, Idaho

Local government entities play a crucial role in determining property tax rates, which can differ significantly within a state. This variation arises because each county annually evaluates its necessary budget for public services and divides this amount by the total value of all taxable properties within its borders. This calculation yields the property tax rate. Although votes and legislation influence the setting of these rates and budgets, this is the fundamental process followed each year.

You can compare Salmon’s effective property tax rate to other cities in Idaho as well as the median property tax rates in Idaho and the U.S. Salmon, located in Lemhi County, offers a unique perspective on property taxation. With Idaho's median property tax rate being one of the lowest in the nation, residents of Salmon benefit from more affordable property taxes compared to many other regions. This advantageous tax rate can make a significant difference in the overall cost of homeownership, offering potential savings for property owners. By understanding how these rates are determined and how they compare, property owners can make informed decisions about their investments and financial planning.

Property Tax Rates Across Salmon, Lemhi County, Idaho

Source: Ownwell

0.23%

0.31%

0.39%

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 Salmon Tax Rate

0.34%

Median Effective Lemhi County Tax Rate

0.34%

Median Effective Idaho Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Salmon, Lemhi County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
83467	0.19%	0.23%	0.34%	0.58%	0.80%

Source: Ownwell

Property Tax Assessment Values Across Salmon, Lemhi County, Idaho

When examining property taxes in Salmon, 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 Lemhi 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 Lemhi 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 Salmon. For example, the median home price in Salmon is $239,895, with tax bills ranging significantly across the county. Zip code 83467 has the highest median home price at $239,895.

Property Tax Assessment Values Across Salmon, Lemhi County, Idaho

Source: Ownwell

$144,128

$269,849

$395,569

Median Salmon Market Value

$239,895

Median Lemhi County Market Value

$240,870

Median Idaho Market Value

$374,698

Median United States Market Value

$235,294

Property Tax Assessment Values Across Salmon, Lemhi County, Idaho

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
83467	$23,638	$96,586	$239,895	$354,159	$501,624

Source: Ownwell

Property Tax Bills Across Salmon, Lemhi County, Idaho

In Salmon, located in Lemhi County, ID, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, which can fluctuate based on real estate trends and local regulations. Homeowners in Salmon experience tax bills ranging from $297 at the 25th percentile to $1,750 at the 90th percentile, with a median tax bill of $746. This is significantly lower than the national median property tax bill of $2,400. Various factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For homeowners looking to reduce their tax burden, Ownwell offers expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help homeowners in Salmon achieve significant savings on their property taxes, ensuring they only pay their fair share.

Property Tax Bills Across Salmon, Lemhi County, Idaho

Source: Ownwell

$426

$686

$945

Median Salmon Tax Bill

$746

Median Lemhi County Tax Bill

$733

Median Idaho Tax Bill

$1,894

Median United States Tax Bill

$2,400

Property Tax Bills Across Salmon, Lemhi County, Idaho

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
83467	$104	$297	$746	$1,202	$1,750

Source: Ownwell