Caldwell, Idaho Property Taxes
The median property tax rate in Caldwell, ID is 0.25%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With the median home value in Caldwell, the typical annual property tax bill is $1,026, well below the national median of $2,690. Property taxes in Caldwell are calculated based on the tax assessed value, which generally 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
0.25%
Estimate Property Tax Bill
$950
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 for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Caldwell is 0.76%, significantly higher than 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 counties in Idaho and the national median. For comparison, the 83605 zip code has the highest median property tax rate of 0.76%, while the same 83605 zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Caldwell provides valuable insights into the varying tax landscape across Payette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caldwell Tax Rate
0.25%
Average Payette County Tax Rate
0.33%
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 | 0.49% | 0.69% | 0.76% | 0.79% | 0.96% |
| 83607 | 0.20% | 0.22% | 0.25% | 0.38% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Caldwell, Idaho
In Caldwell, Idaho, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Payette 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. Assessment notices in Caldwell 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Caldwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $1,298 in zip code 83605, while the lowest is $1,024 in zip code 83607.
Average Caldwell Assessed Value
$380,008
Average Payette County Assessed Value
$332,995
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 | $79,687 | $126,091 | $179,174 | $221,914 | $235,572 |
| 83607 | $85,680 | $293,345 | $382,415 | $513,881 | $650,353 |
Source: Ownwell
Property Tax Bills Across Caldwell, Idaho
In Caldwell, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value typically aims to reflect the market value but may be adjusted through various exemptions and deductions. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including the median home price, which currently stands at $380,008 in Caldwell. Homeowners in the 25th percentile can expect to pay around $649, while those in the 75th percentile may see bills as high as $1,511. At the 90th percentile, the tax bill can reach up to $1,874. The highest median tax bill in Caldwell is $1,298, specifically in the 83605 zip code, while the lowest is $1,024 in the 83607 zip code. These property tax bills can significantly impact homeowners, affecting their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Caldwell's rates are relatively moderate, offering some relief to local homeowners.
Average Caldwell Tax Bill
$1,026
Average Payette County Tax Bill
$1,100
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 | $511 | $834 | $1,298 | $1,458 | $1,595 |
| 83607 | $317 | $647 | $1,024 | $1,514 | $1,876 |
Source: Ownwell