Example of Becker County Property Tax Calculation
Becker County Property Tax Calculation Example:
In Becker County, property tax is calculated based on the assessed value of the property, which is determined by the county assessor's office. Let's say a property has an assessed value of $200,000.
To calculate the property tax, the county applies a mill rate, which is a percentage rate used to determine the amount of tax owed based on the assessed value. The current mill rate in Becker County is 0.008476.
To calculate the property tax owed on a $200,000 property, you would multiply the assessed value by the mill rate:
$200,000 x 0.008476 = $1,695.20
This means the property owner would owe $1,695.20 in property tax for the year. It's important to note that the mill rate can vary based on the location of the property and any special taxing districts that apply.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Becker County ?
Who and When Sets Property Tax Rates in Becker County?
In Becker County, Minnesota, property tax rates are set by the County Board of Commissioners. The board meets annually in September to review the county budget and determine the necessary property tax rate for the upcoming year.
The property tax rate is based on the county's budgetary needs, which includes funding for county services such as public safety, transportation, and public works. The rate is then applied to the assessed value of each property in the county.
It's important to note that property assessments are conducted by the Becker County Assessor's Office, and property owners have the right to contest their assessment if they believe it is inaccurate.
Overall, property tax rates in Becker County are determined by the County Board of Commissioners in order to provide funding for essential county services.
Becker County Property Tax Rates
Becker County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.4020 |
| County Road and Bridge | $0.1991 |
| County Social Services | $0.1650 |
| County Health | $0.0134 |
| County Extension | $0.0094 |
| Soil and Water Conservation | $0.0031 |
| Total | $0.7920 |
These are the current property tax rates for Becker County. The rates are calculated as a percentage of the assessed value of the property. The County General tax rate is $0.4020 per $100 of assessed value, while the County Road and Bridge tax rate is $0.1991 per $100 of assessed value. The County Social Services tax rate is $0.1650 per $100 of assessed value, and the County Health tax rate is $0.0134 per $100 of assessed value. The County Extension tax rate is $0.0094 per $100 of assessed value, and the Soil and Water Conservation tax rate is $0.0031 per $100 of assessed value. The total tax rate for Becker County is $0.7920 per $100 of assessed value.
Homestead exemptions in Becker County ?
In Becker County, Minnesota, there are several county-specific homestead exemptions and deductions available to eligible homeowners. This table outlines the different options: | Exemption | Eligibility | Amount | Notes | | --- | --- | --- | --- | | Agricultural Homestead | Owned by qualifying farmers | Varies | Reduces property taxes on agricultural land | | Blind or Disabled Homestead | Owned by qualifying individuals | Up to $120,000 | Reduces property taxes for blind or disabled individuals | | Disabled Veteran Homestead | Owned by qualifying veterans | Up to $300,000 | Reduces property taxes for disabled veterans | | Homestead Market Value Exclusion | Owned and occupied by owner | Varies | Reduces taxable market value of property | | Senior Citizen Property Tax Deferral | Older than 65 and income-qualified | Defers property tax payment | Must be repaid with interest when property is sold or transferred | | Special Agricultural Homestead | Owned by qualifying farmers | Varies | Reduces property taxes on agricultural land |
It's important for homeowners to understand their eligibility for these exemptions and deductions and take advantage of them if they qualify. These programs can significantly reduce property taxes and make homeownership more affordable.
When is Becker County Property Tax due ?
Becker County Property Tax is typically due on May 15th of each year. The tax bill is mailed out in March, giving property owners ample time to prepare for payment.
There are several payment methods available to property owners in Becker County. These include:
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In-person: Property owners can make payment in person at the Becker County Treasurer's Office, located at 915 Lake Ave, Detroit Lakes, MN 56501. The office is open Monday to Friday from 8:00 a.m. to 4:30 p.m.
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By mail: Property owners can also send their payment by mail to the Becker County Treasurer's Office at P.O. Box 728, Detroit Lakes, MN 56502. The payment must be postmarked no later than May 15th.
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Online: Property owners can pay their property tax online through the Becker County website. This service is available 24 hours a day, seven days a week. Payment can be made using a credit or debit card, or by e-check.
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By phone: Property owners can also pay their property tax by phone by calling 1-877-369-6124. Payment can be made using a credit or debit card, or by e-check.
It is important for property owners in Becker County to make timely payment of their property taxes to avoid any penalties or interest charges. If you have any questions regarding payment methods or due dates, be sure to contact the Becker County Treasurer's Office for more information.
If you have more questions - contact your local tax collector.
How is Becker County Property Tax penalty calculated ?
Becker County property tax penalty is calculated based on a percentage of the unpaid tax amount and the number of days past the tax due date. The penalty rate is determined by the State of Minnesota and can vary from year to year.
Here is an example of how the penalty is calculated:
| Unpaid Tax Amount | Penalty Rate | Days Past Due Date | Penalty Amount |
|---|---|---|---|
| $2,000 | 4% | 30 days | $80 |
In this example, the property owner owes $2,000 in property taxes and is 30 days past the due date. The penalty rate for the year is 4%. To calculate the penalty amount, you would multiply the unpaid tax amount by the penalty rate and then by the number of days past due.
Unpaid Tax Amount x Penalty Rate x Days Past Due = Penalty Amount $2,000 x 0.04 x 30 = $80
Therefore, the property owner would owe an additional $80 in penalties on top of their unpaid property taxes. It's important to pay property taxes on time to avoid accruing penalties and interest, which can add up quickly over time.
We recommend contacting the Becker County Tax Office or a local tax professional for the most up-to-date and accurate information.