Cascade, Dubuque County, Iowa Property Taxes
The median property tax rate in Cascade, IA is 1.13%, which is higher than the national median of 0.99%, though lower than the Iowa state median of 1.54%. With a median home value of $208,700 in Cascade, the typical annual property tax bill amounts to $2,346, slightly below the national median of $2,690. Property taxes in Cascade are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Cascade'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 Cascade or another part of Dubuque County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cascade, Dubuque County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$2,358
$2,188
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, Dubuque County, 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%, 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 Dubuque County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cascade Tax Rate
1.13%
Average Dubuque County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cascade, Dubuque County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52033 | 0.94% | 1.04% | 1.13% | 1.23% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Cascade, Dubuque County, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cascade, Iowa. 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 Dubuque 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 and lowest median tax bills in Cascade are both $2,346, found in the 52033 zip code.
Property Tax Assessment Values Across Cascade, Dubuque County, Iowa
Source: Ownwell
$165,600
$258,422
$351,244
Average Cascade Assessed Value
$208,700
Average Dubuque County Assessed Value
$216,801
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cascade, Dubuque County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52033 | $106,180 | $152,486 | $208,700 | $296,496 | $366,730 |
Source: Ownwell
Property Tax Bills Across Cascade, Dubuque County, Iowa
In Cascade, located in Dubuque County, IA, 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 and reflects the market value of the property. Homeowners in Cascade face a median home price of $208,700. The property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, Cascade's tax bills range significantly, with the 25th percentile at $1,653 and the 75th percentile reaching $3,354. At the 90th percentile, homeowners might see tax bills as high as $4,246. This variability means that while some homeowners may find their property taxes manageable, others could experience a more substantial financial burden. With the national median property tax rate at 0.99%, Cascade's property taxes reflect the region's specific economic and market conditions, impacting homeowners differently based on their property's assessed value.
Average Cascade Tax Bill
$2,346
Average Dubuque County Tax Bill
$2,714
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Cascade, Dubuque County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52033 | $1,092 | $1,653 | $2,346 | $3,354 | $4,246 |
Source: Ownwell