Example of Atchison County Property Tax Calculation
Atchison County calculates property tax based on the assessed value of the property. To determine the assessed value, the county assessor considers factors such as the location, size, and condition of the property.
For example, if a property in Atchison County has an assessed value of $100,000 and the tax rate is 1%, the property tax would be $1,000. This means that the property owner would be responsible for paying $1,000 annually in property taxes to the county.
It's important to note that property tax rates can vary based on the specific location within Atchison County and other factors. Additionally, property owners may be eligible for tax exemptions or reductions based on certain circumstances, such as being a senior citizen or having a disabled veteran status.
If you want appeal your property tax assessment - contact your local tax assessor.
Atchison County Property Tax Rates
Here is a formatted table of the Atchison County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.436 |
| Road and Bridge Fund | $0.368 |
| Atchison County Fire District | $0.125 |
| City of Atchison | $0.957 |
| City of Effingham | $1.165 |
| City of Huron | $3.709 |
| City of Lancaster | $4.661 |
| City of Muscotah | $2.067 |
| City of Potter | $1.727 |
| City of Shannon | $2.029 |
It should be noted that these rates are subject to change and may vary based on individual circumstances. As a tax advisor, it is important to stay up-to-date on any changes in tax rates that may affect clients.
Who sets property tax rates in Atchison County ?
In Atchison County, property tax rates are set by the County Commission. This happens once a year during a public meeting where citizens can voice their opinions. The county commission considers the budgetary needs of the county, including funding for schools, emergency services, and infrastructure projects, before setting the tax rate. It's important to note that property assessments play a role in determining how much each property owner will pay in taxes, as the tax rate is applied to the assessed value of the property. Overall, property taxes are a key source of revenue for counties, and the rate-setting process is an important part of ensuring that local services are funded and maintained.
Homestead exemptions in Atchison County ?
In Atchison County, Missouri, there are various Homestead exemptions and deductions available for eligible homeowners. To help navigate these options, the following table outlines the different categories and specific exemptions/deductions.
Homestead Exemptions and Deductions in Atchison County, Missouri
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Resident homeowners | Up to $5,000 | Covers property owned and occupied as primary residence |
| Veterans Homestead Exemption | Veterans with at least 181 days of active duty | Up to $25,000 | Covers property owned and occupied as primary residence |
| Senior Citizens Property Tax Credit | Homeowners aged 65 or older | Varies based on income and property value | Credit applied to property tax bill |
| Agricultural Land Exemption | Land used for agricultural purposes | Varies based on acreage and property value | Must apply through the County Assessor's office |
| Personal Property Tax Exemption | Personal property used for agricultural purposes | Varies based on value | Must apply through the County Assessor's office |
Note: These exemptions and deductions may have specific requirements and limitations. Homeowners should consult with the County Assessor's office for more information on eligibility and application processes.
By taking advantage of these Homestead exemptions and deductions, eligible homeowners in Atchison County can potentially save on their property taxes and ease their financial burden.
When is Atchison County Property Tax due ?
Atchison County Property Tax is typically due on December 31st of each year. Property owners are required to pay their property taxes on or before this deadline to avoid penalties and interest charges.
Here are some payment methods available for Atchison County Property Tax:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their property tax online using the Atchison County website. |
| Property owners can mail a check or money order to the Atchison County Treasurer's Office. | |
| In-person | Property owners can pay their property tax in-person at the Atchison County Treasurer's Office during business hours. |
It is important to note that property owners are responsible for ensuring that their property taxes are paid on time. Failure to do so may result in penalties and interest charges.
If a property owner is experiencing financial hardship and is unable to pay their property taxes by the deadline, they may be eligible for a payment plan. Contact the Atchison County Treasurer's Office for more information on payment plans.
If you have more questions - contact your local tax collector.
How is Atchison County Property Tax penalty calculated ?
Atchison County calculates property tax penalties based on a set formula. The penalty is assessed when taxes are not paid by the due date. The formula calculates a percentage of the unpaid taxes each month until they are paid in full. Here is an example to illustrate how the penalty is calculated:
- A property owner owes $2,000 in property taxes for the year.
- The due date for the taxes is December 31st.
- The owner does not pay the taxes by the due date.
- Starting on January 1st, a penalty of 1% of the unpaid taxes is assessed for the first month, which is $20.
- On February 1st, another 1% penalty is assessed on the remaining unpaid balance of $1,980, which is $19.80.
- This process continues each month until the taxes are paid in full.
The penalty for each month is calculated based on the unpaid balance of the taxes. The percentage used for the penalty is set by the state and varies from year to year. It is important for property owners to pay their taxes on time to avoid these penalties.
| Month | Unpaid Balance | Penalty Percentage | Penalty Amount |
|---|---|---|---|
| Jan | $2,000 | 1% | $20 |
| Feb | $1,980 | 1% | $19.80 |
| Mar | $1,960.20 | 1% | $19.60 |
| Apr | $1,940.60 | 1% | $19.41 |
| May | $1,921.21 | 1% | $19.21 |
| Jun | $1,902.01 | 1% | $19.02 |
| Jul | $1,883.99 | 1% | $18.84 |
| Aug | $1,866.15 | 1% | $18.66 |
| Sep | $1,848.49 | 1% | $18.48 |
| Oct | $1,831.01 | 1% | $18.31 |
| Nov | $1,813.70 | 1% | $18.14 |
| Dec | $1,796.56 | 1% | $17.97 |
Note: This table is an illustration and the penalty percentages and amounts may differ based on the state laws and regulations.
We recommend contacting the Atchison County Tax Office or a local tax professional for the most up-to-date and accurate information.