Cascade, Valley County, Idaho Property Taxes
The median property tax rate in Cascade, ID is 0.28%, significantly lower than both the national median of 0.99% and Idaho's state median of 0.50%. With the median home value in Cascade at $394,442, the typical annual property tax bill is $1,145, well below the national median of $2,690. Property taxes in Cascade are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the 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, Valley County, Idaho Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$1,104
$1,025
Ownwell’s Cascade Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to 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. For those 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 Valley County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cascade, Valley County, Idaho
Property taxes in Cascade, Idaho, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cascade is 0.48%, which is higher than Idaho's state median of 0.31% but still below 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 Idaho and the national median. For comparison, the highest median property tax rate in the region is 0.67%, while the lowest median tax rate is 0.22%. Understanding how these cities compare with Cascade provides valuable insights into the varying tax landscape across Valley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cascade Tax Rate
0.28%
Average Valley County Tax Rate
0.29%
Average Idaho Tax Rate
0.50%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cascade, Valley County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83611 | 0.21% | 0.23% | 0.28% | 0.39% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Cascade, Valley County, Idaho
In Cascade, 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 Valley 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 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 median home price in Cascade is $394,442, with tax bills ranging from $636 at the 25th percentile to $2,964 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,145, found in zip code 83611.
Property Tax Assessment Values Across Cascade, Valley County, Idaho
Source: Ownwell
$186,181
$447,968
$709,754
Average Cascade Assessed Value
$394,442
Average Valley County Assessed Value
$597,522
Average Idaho Assessed Value
$374,698
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cascade, Valley County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83611 | $55,070 | $209,435 | $394,442 | $659,822 | $977,704 |
Source: Ownwell
Property Tax Bills Across Cascade, Valley County, Idaho
Property tax bills in Cascade, located in Valley County, ID, are calculated based on the assessed value of a property. The county assessor determines this assessed value, which is then multiplied by the local tax rate to generate the annual tax bill. For Cascade homeowners, the median home price stands at $394,442. Property tax bills in the area can vary significantly, with the 25th percentile paying around $636 and the 75th percentile facing bills of up to $1,778. At the higher end, the 90th percentile sees tax bills reaching $2,964. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Cascade's tax rates offer a perspective on the local tax burden relative to other regions. Understanding these factors helps homeowners budget effectively and anticipate their annual financial obligations.
Average Cascade Tax Bill
$1,145
Average Valley County Tax Bill
$1,821
Average Idaho Tax Bill
$1,894
Average United States Tax Bill
$2,690
Property Tax Bills Across Cascade, Valley County, Idaho
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83611 | $228 | $636 | $1,145 | $1,778 | $2,964 |
Source: Ownwell