Caldwell, Idaho Property Taxes
The median property tax rate in Caldwell, Idaho is 0.54%, slightly higher than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Caldwell at $334,600, the typical annual property tax bill reaches $1,923, which is below the national median of $2,690. Property taxes in Caldwell are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Caldwell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Caldwell or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caldwell, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,807
Ownwell’s Caldwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caldwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caldwell to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Caldwell, Idaho
Property taxes in Caldwell, Idaho, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Caldwell is 0.54%, which is lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Caldwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caldwell estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Caldwell's effective property tax rate to other areas in Canyon County and the national median. For comparison, the 83626 zip code has the highest median property tax rate of 0.65%, while the 83607 zip code has the lowest median tax rate of 0.51%. Understanding how these areas compare with Caldwell provides valuable insights into the varying tax landscape across Canyon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caldwell Tax Rate
0.54%
Average Canyon County Tax Rate
0.53%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caldwell, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83605 | 0.31% | 0.46% | 0.56% | 0.67% | 0.81% |
| 83607 | 0.28% | 0.40% | 0.51% | 0.62% | 0.78% |
| 83626 | 0.59% | 0.60% | 0.65% | 0.66% | 0.67% |
| 83644 | 0.53% | 0.53% | 0.54% | 0.54% | 0.55% |
| 83676 | 0.57% | 0.57% | 0.58% | 0.61% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Caldwell, Idaho
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Caldwell, Idaho. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Canyon County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Caldwell, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the median tax bill in Caldwell ranges from $1,260 at the 25th percentile to $3,243 at the 90th percentile. The highest median tax bill is found in the 83607 zip code at $2,008, while the lowest is in the 83676 zip code at $1,416. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Caldwell Assessed Value
$334,600
Average Canyon County Assessed Value
$352,300
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caldwell, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83605 | $99,780 | $251,600 | $318,700 | $380,200 | $458,600 |
| 83607 | $104,920 | $289,200 | $359,800 | $495,250 | $716,584 |
| 83626 | $151,860 | $192,600 | $226,780 | $229,200 | $322,506 |
| 83644 | $259,750 | $281,200 | $316,950 | $352,700 | $374,150 |
| 83676 | $205,420 | $211,570 | $221,820 | $247,310 | $262,604 |
Source: Ownwell
Property Tax Bills Across Caldwell, Idaho
In Caldwell, Canyon County, ID, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Caldwell face a range of property tax bills, influenced by the value of their homes and the specific tax rate applied. For example, homes in the 25th percentile of assessed values have a median tax bill of $1,260, while those in the 75th percentile see a median bill of $2,587. At the higher end, the 90th percentile of homeowners face a median tax bill of $3,243. The highest median tax bill in the area is $2,008 in the 83607 zip code, contrasting with a lower median bill of $1,416 in the 83676 zip code. These property tax bills impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Caldwell Tax Bill
$1,923
Average Canyon County Tax Bill
$1,964
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Caldwell, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83605 | $350 | $1,184 | $1,829 | $2,420 | $3,000 |
| 83607 | $555 | $1,355 | $2,008 | $2,768 | $3,454 |
| 83626 | $935 | $1,128 | $1,507 | $1,524 | $1,988 |
| 83644 | $1,372 | $1,498 | $1,709 | $1,919 | $2,045 |
| 83676 | $1,195 | $1,278 | $1,416 | $1,497 | $1,546 |
Source: Ownwell