Idaho— Property Tax & Closing Costs
2024 Census dataEffective tax rate
0.50%
of assessed value annually
Median home value
$267,400
2024 ACS survey
Median taxes paid
$1,334/yr
2024 data
Shoshone County's 0.50% effective property tax rate ranks 495th lowest among the 3,134 US counties tracked, placing it in the bottom 25% lowest nationally. Within Idaho's 44 counties, it's the 16th highest. On the county's median home value of $267,400, the typical homeowner pays $1,334 annually in property tax — $295 less than the national median of $1,629. Idaho charges no state real estate transfer tax, which keeps closing costs here lower than high-transfer-tax states like New York, Pennsylvania, or Delaware.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Shoshone County.
County median: $267,400
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Low flood risk. Flood insurance not typically required. Verify at msc.fema.gov for your specific property.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
Idaho property tax exemptions
Ways buyers in Shoshone County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Homeowner's Exemption
Exempts 50% of the value of a primary residence and up to one acre of land, maxing out at $125,000. Must occupy by April 15.
View official source →Property Tax Reduction (Circuit Breaker)
Up to $1,500 reduction for qualifying 65+ homeowners (and widowed or disabled homeowners). 2026 income limit: $39,130 after medical expenses. Must have a homeowner's exemption.
View official source →Disabled Veterans Reduction
Veterans with a 100% VA service-connected disability rating (or 100% individual unemployability) may receive up to $1,500 toward property tax. No income limit for 100% disabled veterans.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Shoshone County.
The effective property tax rate in Shoshone County is 0.50% — calculated as the median annual property tax paid ($1,334) divided by the median home value ($267,400), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
No. Idaho does not impose a state real estate transfer tax, which keeps closing costs in Shoshone County lower than in states like New York, Pennsylvania, or Delaware where transfer taxes can add thousands of dollars at closing.
Flood risk is relatively low. Only 0.2% of Shoshone County's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone — verify at msc.fema.gov.
Closing costs for a buyer in Shoshone County typically run $5,348–$13,370 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Shoshone County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 0.50% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Shoshone County.
Guides for Idaho home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →