Example of Cassia County Property Tax Calculation
To calculate Cassia County property tax, follow these easy steps. First, determine the assessed value of the property. Next, multiply the assessed value by the current tax rate, which is typically a percentage. Finally, subtract any applicable exemptions or deductions.
For example, let's say a property in Cassia County has an assessed value of $100,000 and the current tax rate is 1%. The property tax calculation would be:
$100,000 (assessed value) x 0.01 (tax rate) = $1,000 (property tax owed)
If the property qualifies for a $100 exemption, the calculation would be:
($100,000 - $100) x 0.01 = $990 (property tax owed)
Remember, property tax rates and exemptions can vary by location and time. It is important to consult with local tax authorities for accurate and up-to-date information.
If you want appeal your property tax assessment - contact your local tax assessor.
Cassia County Property Tax Rates
Here is a table listing the Cassia County property tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.624 |
| City of Burley | $0.833 |
| City of Declo | $0.833 |
| City of Oakley | $0.833 |
| Minidoka County Joint | $0.156 |
| Cassia County School | $3.626 |
| Joint School District #151 | $3.496 |
Please note that these tax rates are subject to change and may vary depending on the specific property location and assessed value. As a tax advisor, it is important to stay up-to-date on any changes to local tax rates and regulations.
Who sets property tax rates in Cassia County ?
In Cassia County, property tax rates are set by the Board of County Commissioners. They meet annually to review the county's budget and to determine the appropriate tax rate to fund local public services, such as schools and roads. Once the tax rate is established, it is applied to the assessed value of each property in the county to calculate the property tax owed. The tax assessment is conducted by the County Assessor's Office, which determines the market value of the property based on various factors, including location and improvements made to the property. Property owners in Cassia County can expect to receive their annual property tax bill in late November, with payments due by December 20th each year.
Homestead exemptions in Cassia County ?
Cassia County, located in Idaho, offers various Homestead exemptions and deductions, which can help homeowners save money on their property taxes. Here are the exemptions and deductions available in Cassia County along with their details:
Homestead Exemptions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Property owners who reside in the property as their primary residence | Up to $100,000 of the assessed value of the property | Must apply by April 15th |
| Circuit Breaker Exemption | Property owners who are 65 years or older or have a disability | Up to $100,000 of the assessed value of the property | Income restrictions apply |
Deductions
| Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Property Tax Reduction Program | Property owners who are 65 years or older or have a disability and meet income requirements | A reduction in property taxes up to 50% | Must apply by April 15th |
| Additional Veterans Deduction | Veterans or surviving spouses of veterans | Up to $1,320 of the assessed value of the property | Must have served during a wartime period or have a service-related disability |
It is important to note that homeowners in Cassia County must apply for these exemptions and deductions by the specified deadline. These exemptions and deductions can result in significant savings on property taxes for eligible homeowners.
When is Cassia County Property Tax due ?
Cassia County Property Tax is typically due on December 20th of each year. However, if that falls on a weekend or holiday, the due date is extended until the next business day.
There are several payment methods available for Cassia County Property Tax:
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Online Payment: Property owners can make payments online through the Cassia County Treasurer's website. This method accepts e-checks, credit cards, and debit cards.
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Mail-In Payment: Property owners can also mail in their payments to the Cassia County Treasurer's Office. The address is 1459 Overland Ave, Burley, ID 83318.
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In-Person Payment: Property owners can make payments in person at the Cassia County Treasurer's Office during business hours. The office is located at 1459 Overland Ave, Burley, ID 83318.
It is important to note that payments must be made in full by the due date to avoid penalty fees. Property owners should also ensure that their payments are postmarked or received by the due date to avoid late fees.
In summary, Cassia County Property Tax is typically due on December 20th and can be paid online, by mail, or in person. Property owners should make sure to pay in full and by the due date to avoid penalty fees.
If you have more questions - contact your local tax collector.
How is Cassia County Property Tax penalty calculated ?
Property taxes are an important source of revenue for local governments in the US. In Cassia County, Idaho, property owners are required to pay their property taxes by the due date to avoid penalties. The penalty for late payment of Cassia County property tax is calculated as follows:
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Penalty Amount: The penalty is 2% of the delinquent tax payment amount for the first month (or portion thereof) the payment is late. After the first month, the penalty increases by 1% for each subsequent month (or portion thereof) until the property tax is paid in full.
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Interest: Interest is also charged at a rate of 1% per month on the unpaid tax amount.
For example, if a property owner fails to pay $2,000 in Cassia County property taxes by the due date, the penalty and interest would be calculated as follows:
| Penalty Calculation | Amount |
|---|---|
| 2% of $2,000 for the first month | $40 |
| 1% interest on $2,000 for the first month | $20 |
| 3% of $2,000 for the second month | $60 |
| 1% interest on $2,060 for the second month | $20.60 |
In this example, if the property owner paid the taxes two months late, they would owe $140.60 in penalties and interest in addition to the original $2,000 property tax amount.
It is important for property owners in Cassia County to pay their property taxes on time to avoid unnecessary penalties and interest charges.
We recommend contacting the Cassia County Tax Office or a local tax professional for the most up-to-date and accurate information.