Example of Beckham County Property Tax Calculation
Beckham County calculates property taxes based on the value of the property. For example, if a property is valued at $100,000, the property tax rate would be applied to that value.
The property tax rate in Beckham County is 1.5%, so the calculation would be as follows:
$100,000 x 1.5% = $1,500
Therefore, the property tax for a property valued at $100,000 in Beckham County would be $1,500. This tax is used to fund various local services such as schools, public safety, and infrastructure maintenance.
If you want appeal your property tax assessment - contact your local tax assessor.
Beckham County Property Tax Rates
The property tax rates for Beckham County are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.60 |
| School | $1.00 |
| City of Elk City | $1.00 |
| City of Sayre | $1.00 |
| City of Erick | $0.90 |
These rates are subject to change and may vary based on the specific location and assessed value of the property. Property owners in Beckham County should consult with a qualified tax advisor for personalized guidance on their property tax obligations.
Who sets property tax rates in Beckham County ?
Property tax rates in Beckham County are set by the Beckham County Board of Commissioners. They typically meet annually to review and adjust rates based on the county's budgetary needs. The deadline for setting property tax rates is typically no later than the last Monday in July of each year. Once rates are set, they are communicated to property owners via mailed notices or published in local newspapers. The amount of property tax owed is calculated by multiplying the property's assessed value by the tax rate.
Homestead exemptions in Beckham County ?
Table: Homestead Exemptions and Deductions in Beckham County, Oklahoma
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| County Assessor's Exemption | All homeowners | Up to $1,000 | Applies to primary residence only |
| Senior Citizen Exemption | Homeowners aged 65 and older | Up to $1,000 | Applies to primary residence only |
| Disabled Veterans' Exemption | Honorably discharged veterans with at least 50% service-connected disability | Up to $25,000 | Applies to primary residence only |
| Veteran's Homestead Exemption | Honorably discharged veterans | Up to $1,000 | Applies to primary residence only |
| Agricultural Exemption | Owners of agricultural land | Varies | Applies to agricultural land only |
In addition to these exemptions, eligible homeowners in Beckham County may also qualify for certain deductions, including the:
-
School District Deduction: Up to $1,000 per year for homeowners whose property lies within a school district that imposes a property tax levy.
-
County Option Deduction: Up to 3% of a home's assessed value for homeowners whose property lies within a county that has implemented this deduction.
It's important to note that some of these exemptions and deductions may have additional eligibility requirements or limitations beyond what is listed here. Homeowners in Beckham County should consult with their county assessor's office or a qualified tax professional for more information.
When is Beckham County Property Tax due ?
Beckham County Property Tax Due Date and Payment Methods
Typically, Beckham County Property Tax is due on December 31 of each year, for the previous calendar year. However, if December 31 falls on a holiday or weekend, the due date will be the next business day.
To pay the property tax, there are several options available. Taxpayers can pay in person at the Beckham County Treasurer's Office, located at 302 E. Main St. in Sayre, Oklahoma. They can also pay by mail or online.
Here are the payment methods:
| Payment Method | Description |
|---|---|
| In-person | Pay at the Treasurer's Office during business hours (8:00 am to 4:00 pm, Monday to Friday) |
| By mail | Mail in a check or money order to the Beckham County Treasurer's Office |
| Online | Pay online using a credit/debit card or e-check through the Beckham County website |
In-person payments can be made using cash, check, or money order. When paying by mail, taxpayers should include their property tax statement and a check or money order made payable to the Beckham County Treasurer.
For online payments, taxpayers can visit the Beckham County website and click on the “Property Tax Payments” button. They will need to enter their property tax account number, which can be found on their tax statement, and follow the instructions to make a payment.
It is important to note that failure to pay property taxes on time may result in penalties and interest charges. Therefore, taxpayers should make sure to pay their taxes by the due date to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Beckham County Property Tax penalty calculated ?
Beckham County Property Tax Penalty Calculation:
The penalty for late payment of property taxes in Beckham County, Oklahoma is calculated based on the amount of taxes owed and the number of days past the due date. Here is an example:
Let's say that John owns a property in Beckham County and owes $2,000 in property taxes for the year. The due date for payment is January 31st, but John misses this deadline and pays on April 1st. The penalty for late payment in Beckham County is 1% of the unpaid taxes for each month past the due date, up to a maximum of 12%. Therefore, John's penalty for paying two months late would be:
- 1% for February ($20)
- 1% for March ($20)
- Maximum penalty of 12% ($240)
Total penalty: $280
John's total payment including penalty: $2,280
In summary, the penalty for late payment of property taxes in Beckham County is calculated as 1% per month on the unpaid taxes, up to a maximum of 12%. It's important to note that this penalty applies to the total amount due, including any unpaid penalty from previous years. Therefore, it's best to pay property taxes on time to avoid accruing penalties.
We recommend contacting the Beckham County Tax Office or a local tax professional for the most up-to-date and accurate information.