Example of Beaverhead County Property Tax Calculation
To calculate the property tax in Beaverhead County, the assessor's office uses the taxable value of the property and the current mill rate set by the county commissioners.
First, the assessor determines the taxable value of the property by taking the market value and subtracting any exemptions or deductions. For example, if the market value of the property is $100,000 and there is a $20,000 exemption, the taxable value would be $80,000.
Next, the assessor multiplies the taxable value by the current mill rate. A mill is equal to one-tenth of one percent (.001), so if the mill rate is 100, the property tax would be calculated by multiplying the taxable value by .1.
For example, if the taxable value of the property is $80,000 and the mill rate is 100, the property tax would be $8,000.
It's important to note that mill rates can vary depending on the location and type of property. Additionally, property tax calculations can also be affected by any special assessments or fees that may apply.
Overall, the Beaverhead County property tax calculation is based on the taxable value of the property and the mill rate set by the county commissioners.
If you want appeal your property tax assessment - contact your local tax assessor.
Beaverhead County Property Tax Rates
The Beaverhead County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General Fund | $2.47 |
| County Road | $0.91 |
| High School District | $1.32 |
| Elementary School District | $0.97 |
| City of Dillon | $1.98 |
It is important to note that these rates may vary depending on the specific property and location within Beaverhead County. Property owners should consult with a tax professional for personalized advice.
Who sets property tax rates in Beaverhead County ?
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Property tax rates in Beaverhead County are set by the Beaverhead County Commissioners.
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The Commissioners typically meet in August to determine the upcoming year's tax rates.
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Property tax rates are based on the assessed value of the property and are used to fund local government services such as schools, roads, and public safety.
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The tax rates can vary depending on the specific location and classification of the property.
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Property owners in Beaverhead County can find out their specific property tax rate by contacting the County Treasurer's office or visiting the Beaverhead County website.
Homestead exemptions in Beaverhead County ?
To help homeowners in Beaverhead County, Montana understand the various Homestead exemptions and deductions available to them, we have put together a list of all county specific options. This table includes key details such as eligibility requirements, exemption amounts, and any important notes to be aware of.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | $2,500 | This exemption applies to all qualifying homeowners in Beaverhead County. |
| Senior Citizen Exemption | Homeowners aged 62 or older | $1,500 | This exemption is available to senior citizens who meet the age requirement and own their primary residence. |
| Disabled Veteran Exemption | Disabled veterans | Varies | Disabled veterans may be eligible for a property tax exemption based on their level of disability. Contact the county assessor's office for more information. |
| Agricultural Land Exemption | Agricultural land owners | Varies | Agricultural landowners who meet certain requirements may be eligible for a property tax exemption. Contact the county assessor's office for more information. |
| Alternative Energy System Exemption | Homeowners with alternative energy systems | Varies | Homeowners who install solar panels or other alternative energy systems may be eligible for a property tax exemption. Contact the county assessor's office for more information. |
It's important to note that homeowners may only qualify for one exemption, so it's important to review all options before applying. Additionally, some exemptions may require additional documentation or forms to be filed. Again, homeowners should contact the county assessor's office for more information on eligibility and application requirements.
When is Beaverhead County Property Tax due ?
Beaverhead County in Montana requires property tax payments by a set deadline each year. Here are the details you need to know:
Payment Deadline
Property tax payments in Beaverhead County are typically due on or before November 30th of each year. Any payments made after this deadline will be considered late and subject to additional penalties and interest.
Payment Methods
There are several ways to pay property taxes in Beaverhead County:
| Payment Method | Description |
|---|---|
| Property tax payments can be made by mail. Payments should be sent to the Beaverhead County Treasurer's Office, and must be postmarked on or before November 30th to be considered on time. | |
| In-person | Payments can be made in person at the Beaverhead County Treasurer's Office. Accepted forms of payment include cash, check, and money order. The office is located at 102 N Washington Street, Dillon, MT 59725. |
| Online | Property tax payments can also be made online through the Beaverhead County website. Payments can be made using a credit card or e-check. Please note that there is an additional fee for using this service. |
It's important to note that if you're unable to pay your property tax bill in full by the November 30th deadline, you can pay in installments. However, you must make arrangements with the Beaverhead County Treasurer's Office prior to the payment deadline in order to do so.
By knowing the payment deadline and available payment methods, you can ensure that you stay up to date on your property tax responsibilities in Beaverhead County.
If you have more questions - contact your local tax collector.
How is Beaverhead County Property Tax penalty calculated ?
Beaverhead County Property Tax penalties are calculated based on a set formula that takes into account the amount of the delinquent taxes owed and the length of time that the taxes remain unpaid.
Here's an example of how the penalty is calculated:
Let's say that John owns a property in Beaverhead County and owes $5,000 in property taxes. The due date for these taxes was January 1st, but John did not pay until September 1st, which is 8 months late.
To calculate the penalty, Beaverhead County uses the following formula:
1% penalty per month x 8 months = 8% penalty
So in this case, John would owe an additional $400 in penalties (8% of $5,000) on top of the original $5,000 property tax bill.
If John continued to not pay the taxes, the penalty would continue to accrue at a rate of 1% per month until the taxes are paid in full.
Here's a breakdown of the penalty rates for each month:
| Month | Penalty Rate |
|---|---|
| 1 | 1% |
| 2 | 2% |
| 3 | 3% |
| 4 | 4% |
| 5 | 5% |
| 6 | 6% |
| 7 | 7% |
| 8+ | 8% |
It's important to note that these penalty rates only apply to delinquent property taxes. If the taxes are paid on time, there is no penalty. Additionally, if there are extenuating circumstances that prevented the property owner from paying on time, they may be able to request a waiver of the penalty fees.
We recommend contacting the Beaverhead County Tax Office or a local tax professional for the most up-to-date and accurate information.