Cataldo, Idaho Property Taxes
The median property tax rate in Cataldo, ID is 0.40%, notably lower than both the national median of 0.99% and the Idaho state median of 0.50%. With a median home value of $324,025 in Cataldo, the typical annual property tax bill amounts to $1,187, significantly below the national median of $2,690. Property taxes in Cataldo are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Navigating Cataldo's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cataldo 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
Cataldo, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,296
$1,203
Ownwell’s Cataldo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cataldo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cataldo 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 Cataldo, Idaho
Property taxes in Cataldo, Idaho, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Cataldo is 0.55%, which is higher than the Idaho state median of 0.69% but lower than the U.S. national median of 0.99%. Local government entities within Cataldo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cataldo 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 Cataldo'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 found in ZIP code 83702 with a rate of 1.25%, while the lowest median tax rate is in ZIP code 83254 at 0.35%. Understanding how these cities compare with Cataldo provides valuable insights into the varying tax landscape across Kootenai County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cataldo Tax Rate
0.40%
Average Kootenai County Tax Rate
0.32%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cataldo, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83810 | 0.19% | 0.32% | 0.40% | 0.57% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Cataldo, Idaho
In Cataldo, 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 Kootenai 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 Cataldo, 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. The median home price in Cataldo is $324,025, with property tax bills ranging significantly. For instance, the 25th percentile tax bill is $582, while the 75th percentile tax bill reaches $1,929. Notably, the highest and lowest median tax bills are both $1,187, found in zip code 83810. 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 Cataldo Assessed Value
$324,025
Average Kootenai County Assessed Value
$537,335
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cataldo, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83810 | $52,664 | $182,493 | $324,025 | $484,804 | $674,870 |
Source: Ownwell
Property Tax Bills Across Cataldo, Idaho
In Cataldo, located in Kootenai 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, who evaluates the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $324,025, homeowners in Cataldo can expect varying tax bills. The tax bill for the 25th percentile is around $582, while the 75th percentile sees bills of approximately $1,929. The 90th percentile tax bill can go up to $2,712. These tax bills are influenced by several factors, including changes in the market value of homes and the local tax rate. Compared to the national median property tax rate of 0.99%, homeowners in Cataldo might experience different levels of financial impact, depending on their specific property values and tax brackets. This variability can significantly affect household budgets and long-term financial planning for homeowners.
Average Cataldo Tax Bill
$1,187
Average Kootenai County Tax Bill
$1,799
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Cataldo, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83810 | $164 | $582 | $1,187 | $1,929 | $2,712 |
Source: Ownwell