Heyburn, Minidoka County, Idaho Property Taxes
Median Heyburn, ID effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but slightly higher than the Idaho state median of 0.50%. Median Heyburn, ID home value: $232,434. Median annual Heyburn, ID tax bill: $1,242, $1,158 lower than the national median property tax bill of $2,400.
How are property taxes in Minidoka calculated?
Property taxes in Heyburn, 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 Heyburn’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Heyburn, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Heyburn, Minidoka County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.51%
Estimate Property Tax Bill
$1,185
$1,100
Property Tax Rates Across Heyburn, Minidoka County, Idaho
Local government entities set tax rates, and these can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Heyburn, located in Minidoka County, Idaho, the effective property tax rate is notably lower than the national median of 1.02%. This places Heyburn among the cities with lower property tax rates in the state. Idaho itself has a median property tax rate that is significantly below the national median, making it an attractive option for property owners seeking lower tax burdens. While Minidoka County maintains a consistent tax rate, it is essential for property owners to stay informed about any changes that might affect their taxes. Comparing Heyburn’s effective property tax rate to other cities in Idaho, as well as the national average, highlights the benefits of owning property in this region.
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 Heyburn Tax Rate
0.51%
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 Minidoka County Tax Rate
0.49%
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Heyburn, Minidoka County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83336 | 0.30% | 0.39% | 0.51% | 0.61% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Heyburn, Minidoka County, Idaho
When examining property taxes in Heyburn, 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 Minidoka 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 Minidoka 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 Heyburn. For example, the median home price in Heyburn is $232,434, with tax bills ranging significantly across the county. Zip code 83336 has the highest median home price at $232,434.
Property Tax Assessment Values Across Heyburn, Minidoka County, Idaho
Source: Ownwell
$222,558
$238,697
$254,835
Median Heyburn Market Value
$232,434
Median Minidoka County Market Value
$229,100
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Heyburn, Minidoka County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83336 | $66,391 | $169,502 | $232,434 | $350,148 | $481,742 |
Source: Ownwell
Property Tax Bills Across Heyburn, Minidoka County, Idaho
In Heyburn, located in Minidoka County, ID, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. Homeowners in Heyburn experience a range of property tax bills, with the 25th percentile at $875 and the 75th percentile reaching $1,911. The highest median tax bill in the area is $1,242, which is notably lower than the national median property tax bill of $2,400. These figures reflect the local property values and tax rates, which are generally more favorable compared to national averages. The assessed value, combined with the local tax rate, determines the annual property tax bill, impacting homeowners' financial planning and budgeting.
Ownwell offers valuable assistance to homeowners in Heyburn by providing expert property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax bills, ensuring they only pay their fair share. This service not only leads to significant savings but also provides peace of mind, knowing that property taxes are accurately assessed and managed.
Median Heyburn Tax Bill
$1,242
Median Minidoka County Tax Bill
$1,155
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Heyburn, Minidoka County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83336 | $525 | $875 | $1,242 | $1,911 | $2,910 |
Source: Ownwell