Cascade, Iowa Property Taxes
The median property tax rate in Cascade, IA is 1.13%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Cascade at $181,280, the typical annual property tax bill is $2,429, which is below the national median of $2,690. Property taxes in Cascade are calculated based on the assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Cascade'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 Cascade 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
Cascade, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$2,048
Ownwell’s Cascade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cascade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cascade 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 Cascade, Iowa
Property taxes in Cascade, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cascade is 1.13%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Cascade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cascade 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 Cascade's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52033 zip code has the highest median property tax rate of 1.13%, while the 52033 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Cascade provides valuable insights into the varying tax landscape across Jones County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cascade Tax Rate
1.13%
Average Jones County Tax Rate
1.38%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cascade, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52033 | 0.91% | 0.95% | 1.13% | 1.24% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Cascade, Iowa
In Cascade, Iowa, 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 Jones 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 Cascade, 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 Cascade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is found in zip code 52033, with a value of $2,429, while the lowest median tax bill is also in zip code 52033, reflecting the same value.
Average Cascade Assessed Value
$181,280
Average Jones County Assessed Value
$156,350
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cascade, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52033 | $1,260 | $59,860 | $181,280 | $283,360 | $406,560 |
Source: Ownwell
Property Tax Bills Across Cascade, Iowa
In Cascade, property tax bills are determined based on the assessed value of your home, which is influenced by the local housing market. With a median home price of $181,280, homeowners in Cascade can expect property tax bills that vary significantly. The tax bill at the 25th percentile is $1,695, while at the 75th percentile, it reaches $3,252, and at the 90th percentile, it can be as high as $4,506. These figures illustrate the range of property tax burdens faced by homeowners in Cascade. Several factors contribute to the final tax bill, including the assessed value of the property, the local tax rate, and any applicable exemptions. The local tax rate for Cascade, located in Jones County, is a critical factor. Comparatively, the national median property tax rate is 0.99%. The financial impact on homeowners can be substantial, influencing decisions on home purchases and long-term financial planning. Understanding these factors helps homeowners in Cascade anticipate their property tax obligations and manage their finances accordingly.
Average Cascade Tax Bill
$2,429
Average Jones County Tax Bill
$2,222
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Cascade, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52033 | $994 | $1,695 | $2,429 | $3,252 | $4,506 |
Source: Ownwell