Example of Aurora County Property Tax Calculation
Aurora County calculates property tax based on the assessed value of the property. For example, if a property is assessed at $100,000 and the tax rate is 2%, then the property owner would owe $2,000 in property taxes annually. The tax rate is determined by the local government and can vary based on factors such as school district budgets and county expenses. Property owners are typically notified of their tax assessment and payment due dates each year.
If you want appeal your property tax assessment - contact your local tax assessor.
Aurora County Property Tax Rates
Here is a table of Aurora County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Residential | $1.05 |
| Commercial | $1.25 |
| Agricultural | $0.75 |
| Personal Property | $1.50 |
These rates are current as of the last assessment, and are subject to change in future assessments. It is recommended that property owners consult with a tax professional for personalized advice on managing their property taxes.
Who sets property tax rates in Aurora County ?
Who sets property tax rates in Aurora County? The Aurora County Board of Commissioners is responsible for setting property tax rates in Aurora County. They typically meet every year to review the county's budget and determine the tax rate necessary to fund county operations, services, and infrastructure.
When are property tax rates set in Aurora County? The exact date for setting property tax rates in Aurora County varies from year to year, but it is typically done in the fall after the county budget has been finalized. Aurora County property owners can expect to receive their property tax statements in the mail shortly after the rates have been set.
How are property tax rates determined in Aurora County? The Aurora County Board of Commissioners takes a number of factors into consideration when setting property tax rates, including the county's overall budget, the state of the local economy, and any changes in property values. They may also take into account any feedback received from public hearings or comments from Aurora County residents.
It's important to note that property tax rates in Aurora County will vary depending on the specific location and the assessed value of the property. Property owners can check with the Aurora County Assessor's office for more information on how their individual property tax rates are determined.
When is Aurora County Property Tax due ?
Aurora County Property Tax is typically due on or before April 30th each year. Property tax payments can be made using several methods including:
- In-person: Payments can be made in person at the Aurora County Treasurer's Office located at 401 N Main St, Plankinton, SD 57368 during regular business hours.
- By mail: Property tax payments can be mailed to the Aurora County Treasurer's Office at P.O. Box 397, Plankinton, SD 57368. Payments must be postmarked by April 30th to avoid penalties.
- Online: Property tax payments can be made online using a credit/debit card or e-check through the Aurora County website. A convenience fee will apply for online payments.
It's important to note that failure to pay property taxes on time can result in penalties and interest charges. Additionally, if property taxes are not paid for an extended period of time, the property may be subject to a tax sale. It's recommended that property owners pay their taxes on time to avoid these consequences.
If you have more questions - contact your local tax collector.
Homestead exemptions in Aurora County ?
In Aurora County, South Dakota, there are various Homestead exemptions and deductions available for eligible residents. The following table includes all county-specific information:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | All residents who own and occupy their primary residence | Up to $6,000 of assessed value | Must file an application with the county before November 1st |
| Elderly & Disabled | Residents who are 65 years old or older, or disabled | Up to $9,000 of assessed value | Must provide proof of age or disability with the application |
| Disabled Veteran | Veterans who have been honorably discharged and are disabled due to their service | Up to $100,000 of assessed value | Must provide proof of disability and residency with the application |
| Agricultural Land | Owners of agricultural land who meet certain criteria | Up to 85% of the assessed value | Must meet specific qualifications related to the use and ownership of the land |
It's important to note that these exemptions and deductions only apply to the assessed value of the property, not the market value. Additionally, the amount of the exemption or deduction may vary depending on individual circumstances. Residents should consult with their county assessor's office for more information and to ensure they meet all eligibility requirements.
How is Aurora County Property Tax penalty calculated ?
Aurora County Property Tax Penalties
When property taxes aren't paid on time in Aurora County, penalties are assessed. Aurora County calculates the penalty by adding an interest rate of 1% per month to the unpaid amount, starting on the day after the payment is due. The maximum penalty is 10% of the unpaid tax amount.
Example:
Let's say that John owns a property in Aurora County and his property taxes are due on January 31st. Unfortunately, he missed the deadline and didn't pay until April 15th. The total amount he owed was $2,500.
The penalty calculation would be as follows:
- February 1st to March 1st: 1% interest rate applied to $2,500 = $25
- March 2nd to April 1st: Another 1% interest rate applied to $2,525 (original amount + interest) = $25.25
- April 2nd to April 15th: Another 1% interest rate applied to $2,550.25 (original amount + interest) = $25.50
Therefore, John's penalty would be $75.75 (total interest) + $250 (10% of unpaid amount) = $326.75.
In conclusion, it's important to pay property taxes on time to avoid unnecessary penalties. If you have any questions or concerns about your Aurora County property taxes, it's best to contact the county treasurer's office directly for more information.
We recommend contacting the Aurora County Tax Office or a local tax professional for the most up-to-date and accurate information.