Example of Bates County Property Tax Calculation
Bates County property tax is calculated based on the assessed value of the property. The assessed value is determined by the Bates County Assessor's Office using a formula that takes into account the size, location, and condition of the property.
To calculate the property tax for a home with an assessed value of $100,000 in Bates County, the homeowner would first need to determine the property tax rate. The property tax rate is determined by the county and is typically expressed as a percentage of the assessed value.
Assuming a property tax rate of 1.5%, the homeowner would multiply the assessed value ($100,000) by the tax rate (1.5%) to get the annual property tax amount. In this case, the annual property tax amount would be $1,500.
It's important to note that property taxes in Bates County may also include additional fees or levies for things like schools, libraries, or other special districts. These additional fees can vary depending on the specific location of the property.
Overall, calculating Bates County property tax is a fairly straightforward process that involves determining the assessed value of the property and applying the county's property tax rate.
If you want appeal your property tax assessment - contact your local tax assessor.
Bates County Property Tax Rates
Here is a formatted table of the Bates County Property Tax rates in US dollars, per 100$ of assessed value:
| Tax Type | Rate per 100$ of Assessed Value |
|---|---|
| County Tax | 0.6198 |
| School Tax | 3.7400 |
| City Tax | 0.0000 |
| Total Tax | 4.3598 |
As of 2021, Bates County levies three types of property taxes - County, School, and City taxes. The County Tax rate is set at 0.6198 dollars for every 100$ of assessed value. The School Tax rate is significantly higher, at 3.7400 dollars per 100$ of assessed value. There is currently no levy on City Tax in Bates County.
The Total Tax rate for Bates County property owners is 4.3598 dollars per 100$ of assessed value. It is essential to keep in mind that the property's assessed value and other relevant factors can impact the actual amount of tax that a property owner is liable to pay.
Who sets property tax rates in Bates County ?
The property tax rates in Bates County are set by the Bates County Commission. This typically occurs once a year, during the budgeting process for the county. The commission reviews the county's financial needs and sets the tax rate accordingly. The tax rate is then used to calculate the amount of property tax owed by each property owner in the county. It's important to note that property tax rates can vary depending on the county, and even within the same county based on the location of the property.
Homestead exemptions in Bates County ?
In Bates County, Missouri, Homestead exemptions and deductions are available to eligible property owners. Here is a breakdown of the county-specific exemptions and deductions that you need to know:
Bates County Homestead Exemptions and Deductions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners who own and occupy the property as their primary residence | $5,000 assessed value | Must apply by March 1 |
| Homestead Improvement Exemption | All homeowners who have made improvements to their property | 100% of the value of improvements for up to 4 years | Must file application by March 1 |
| Veterans Exemption | Veterans who served active duty during a period of war or their unmarried surviving spouse | Varies based on percentage of disability | Must provide proof of service and disability |
| Disabled Persons Exemption | Disabled individuals who own and occupy their property as their primary residence | $1,000 assessed value | Must provide proof of disability |
It is important to note that some of these exemptions may not be available for properties that are used for commercial purposes. Additionally, there may be other exemptions and deductions that are available at the state level.
If you are a Bates County homeowner and think you may be eligible for any of these exemptions or deductions, be sure to apply by the deadline and provide all necessary documentation. You could save money on your property taxes!
When is Bates County Property Tax due ?
Bates County Property Tax typically falls due on December 31st of each year. Property owners in Bates County can make payments through a variety of methods, including:
- In Person: Property owners can submit their tax payments in person at the county treasurer's office. The office is located at 1 North Delaware St., Butler, MO 64730.
- By Mail: Property owners can mail their tax payments to the county treasurer's office at the same address mentioned above. Checks or money orders should be made payable to "Bates County Collector."
- Online: Property owners can also make payments online through the Bates County Collector's website. The website accepts electronic checks, credit cards, or debit cards for payments.
It's important to note that property owners who do not make their tax payments by the due date may face penalties and interest charges. Therefore, it's essential to ensure that payments are made on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Bates County Property Tax penalty calculated ?
Bates County Property Tax Penalty Calculation:
The Bates County Property Tax Penalty is calculated as a percentage of the unpaid taxes. The exact percentage varies depending on how late the payment is made. Here is an example to illustrate the calculation:
Let's say John owns a property in Bates County and his property taxes for the year 2021 are $2,000. The due date for payment was December 31, 2021, but John missed the deadline and didn't pay until February 28, 2022. By that time, he owed the original $2,000 plus a penalty for being two months late.
According to Bates County's tax laws, the penalty for being two months late is 4% of the unpaid taxes per month. In other words, John would be charged 8% of $2,000, which is $160.
So, the total amount John would have to pay for his property taxes for the year 2021 would be $2,000 (original taxes) + $160 (penalty) = $2,160.
Here is a table summarizing the penalty percentage based on the number of months late:
| Months Late | Penalty Percentage |
|---|---|
| 1 | 2% |
| 2 | 4% |
| 3 | 6% |
| 4 | 8% |
| 5 | 10% |
It's important to note that the penalty percentage increases as the number of months late increases. Therefore, it's in the best interest of property owners to pay their taxes on time to avoid the penalty fees.
We recommend contacting the Bates County Tax Office or a local tax professional for the most up-to-date and accurate information.