Declo, Idaho Property Taxes
The median property tax rate in Declo, ID is 0.36%, significantly lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $199,940 in Declo, the typical annual property tax bill is $636, well below the national median of $2,690. Property taxes in Declo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Declo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Declo or another part of Cassia County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Declo, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$720
Ownwell’s Declo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Declo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Declo 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 Declo, Idaho
Property taxes in Declo, Idaho, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Declo is 0.36%, lower than both the Idaho state median and the U.S. national median of 0.99%. Local government entities within Declo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Declo 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 Declo's effective property tax rate to other counties in Idaho and the national median. For comparison, the highest median property tax rate in Idaho is 0.8%, while the lowest median tax rate is 0.25%. Understanding how these cities compare with Declo provides valuable insights into the varying tax landscape across Cassia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Declo Tax Rate
0.36%
Average Cassia County Tax Rate
0.38%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Declo, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83323 | 0.25% | 0.30% | 0.36% | 0.57% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Declo, Idaho
In Declo, 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 Cassia County Assessor 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 Declo, 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. 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 Declo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Declo are both $636.00, found in the 83323 zip code.
Average Declo Assessed Value
$199,940
Average Cassia County Assessed Value
$232,517
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Declo, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83323 | $10,819 | $46,833 | $199,940 | $366,349 | $612,284 |
Source: Ownwell
Property Tax Bills Across Declo, Idaho
In Declo, Cassia County, ID, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of your home's market value. This figure is then multiplied by the local tax rate to determine your annual property tax bill. Various factors, such as property size, location, and improvements, influence the assessment. Homeowners in Declo can expect a range in their property tax bills. For instance, the 25th percentile tax bill is around $219, while the 75th percentile tax bill reaches approximately $1,322. At the higher end, the 90th percentile tax bill is about $2,204. Comparatively, the median property tax bill in Declo is $636, which is significantly below the national median property tax rate of 0.99%. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding how these taxes are calculated can help homeowners better manage their finances and anticipate their annual tax obligations.
Average Declo Tax Bill
$636
Average Cassia County Tax Bill
$844
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Declo, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83323 | $78 | $219 | $636 | $1,322 | $2,204 |
Source: Ownwell