Victor, Teton County, Idaho Property Taxes
Median Victor, ID 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 Victor, ID home value: $736,656. Median annual Victor, ID tax bill: $2,661, $261 higher than the national median property tax bill of $2,400. How are property taxes in Teton calculated? Property taxes in Victor, 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 Victor’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Victor, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Victor, Teton County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$2,652
$2,461
Ownwell’s Victor Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Victor with just two data points. By entering your property's estimated assessed value, our calculator applies Victor’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 Teton County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Victor, Teton County, Idaho
Local government entities determine tax rates, leading to significant variations within a state. This occurs because each county, including those in Teton County, estimates its annual budget to fund services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. Although votes and legal regulations play a role in establishing these rates and budgets, this is the core of the annual process. In Victor, located in Teton County, the effective property tax rate is 0.36%, which is notably lower than the national median rate of 1.02%. This difference highlights the variability in property tax rates across different regions. For homeowners in Victor, this lower rate can translate into significant savings compared to other areas in Idaho and the broader United States. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively.
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 Victor Tax Rate
0.36%
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 Teton County Tax Rate
0.36%
Median Effective Idaho Tax Rate
0.50%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Victor, Teton County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83455 | 0.27% | 0.29% | 0.36% | 0.38% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Victor, Teton County, Idaho
When examining property taxes in Victor, 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 Teton 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: In Teton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of June. 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 Victor. For example, the median home price in Victor is $736,656, with tax bills ranging significantly across the county. 83455 has the highest median home price at $736,656.
Property Tax Assessment Values Across Victor, Teton County, Idaho
Source: Ownwell
$344,611
$540,634
$736,656
Median Victor Market Value
$736,656
Median Teton County Market Value
$706,618
Median Idaho Market Value
$374,698
Median United States Market Value
$235,294
Property Tax Assessment Values Across Victor, Teton County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83455 | $353,720 | $558,774 | $736,656 | $1,008,230 | $1,535,440 |
Source: Ownwell
Property Tax Bills Across Victor, Teton County, Idaho
In Victor, located in Teton County, ID, property tax bills are calculated based on the assessed value of the home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Victor experience a median property tax bill of $2,661, which is slightly above the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $1,853 and the 90th percentile reaching $5,250. These variations depend on factors such as property size, location, and improvements. Higher tax bills can strain homeowners' finances, making it crucial to ensure that the assessed value accurately reflects the property's market value. Ownwell assists homeowners by reviewing these assessments and identifying opportunities for appeals or exemptions, potentially lowering their property tax bills. By leveraging expert knowledge and a deep understanding of local tax codes, Ownwell helps homeowners save money and ensures they are not overpaying on their property taxes.
Median Victor Tax Bill
$2,661
Median Teton County Tax Bill
$2,496
Median Idaho Tax Bill
$1,894
Median United States Tax Bill
$2,400
Property Tax Bills Across Victor, Teton County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83455 | $1,172 | $1,853 | $2,661 | $3,525 | $5,250 |
Source: Ownwell