Bannock County, Idaho property tax
The median homeowner in Bannock County, Idaho pays $1,918 a year in property tax on a home worth $267,200, an effective rate of 0.72%. The national effective rate is 0.98%.
What the rate means here
At 0.72%, Bannock County taxes property more lightly than the national 0.98%. The bill works out at $1,918 a year. Low-rate counties usually have another revenue source doing the work, whether that is a state funding formula, sales tax or severance revenue from extraction.
Inside Idaho it is one of the most heavily taxed counties there is, ranking #3 of 37, against a statewide 0.53%. At the other end of the same state, Valley County charges 0.30%. A spread that wide inside one state is normal, because school districts, not states, set most of the levy.
The median home costs 4.17 times the median household income of $64,080, close to the national 3.86. Incomes run below the national median, and house prices run below it too, which is what keeps the ratio ordinary. The county has 88,457 residents, which is small enough that the medians describe a reasonably coherent market.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Bannock County | Idaho | United States | |
|---|---|---|---|
| Effective property tax | 0.72% | 0.53% | 0.98% |
| Median tax bill | $1,918 | $2,006 | $2,969 |
| Median home value | $267,200 | $376,000 | $303,400 |
| Median gross rent | $879 | $1,150 | $1,348 |
| Median household income | $64,080 | $74,636 | $78,538 |
| Home price to income | 4.17× | 5.04× | 3.86× |
| Rent as share of income | 16.46% | 18.49% | 20.6% |
| Owner-occupied | 68.63% | 72.37% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 88,457.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Twin Falls County | 0.67% | $1,951 | $292,700 |
| Madison County | 0.50% | $1,813 | $365,000 |
| Bonneville County | 0.55% | $1,811 | $327,000 |
| Bonner County | 0.40% | $1,716 | $433,400 |
| Bingham County | 0.54% | $1,389 | $258,000 |
Bannock County property tax: common questions
What is the property tax rate in Bannock County, Idaho?
The effective rate is 0.72% of home value, from a median tax bill of $1,918 against a median home value of $267,200. That is 0.26 points below the national 0.98%.
How much is property tax on a $400,000 home in Bannock County?
Roughly $2,880 a year at the county effective rate of 0.72%.
Is Bannock County expensive compared with the rest of Idaho?
It ranks #3 of 37 Idaho counties by effective property tax rate, and #1680 of 2,826 nationally. That is 0.19 points above the Idaho average of 0.53%.
What does housing cost in Bannock County?
The median home is worth $267,200 and median gross rent is $879 a month. Median household income is $64,080, which puts the home at 4.17 times annual income and rent at 16.46% of it.