Example of Beltrami County Property Tax Calculation
Beltrami County calculates property taxes by first determining the property's assessed value. This is done by examining the property's characteristics and comparing it to similar properties in the area. Once the assessed value is determined, the county applies the tax rate to the property's assessed value to calculate the property tax owed.
For example, let's say a residential property in Beltrami County has an assessed value of $150,000. The current tax rate for the county is 1.8%. To calculate the property tax owed, the county would multiply the assessed value ($150,000) by the tax rate (1.8%) to get a total property tax owed of $2,700 for the year.
It's important to note that property taxes in Beltrami County can vary depending on factors such as the property's location, type, and usage. It's always a good idea to consult with a tax professional or the county's tax assessor's office for specific information on your property's tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Beltrami County Property Tax Rates
Beltrami County Property Tax Rates
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.6835 |
| City Tax | $0.1535 - $0.8987 |
| School District Tax | $0.6058 - $7.5882 |
| Special District Tax | Varies |
The property tax rates in Beltrami County vary depending on the location and type of property. The county tax rate is $0.6835 per $100 of assessed value. The city tax rate ranges from $0.1535 to $0.8987 per $100 of assessed value. The school district tax rate ranges from $0.6058 to $7.5882 per $100 of assessed value. The special district tax rate varies depending on the property's location and any applicable special district taxes. These rates may change annually, so it's important to check with the county assessor's office for the most up-to-date information.
Who sets property tax rates in Beltrami County ?
Beltrami County property tax rates are set by the Beltrami County Board of Commissioners. The tax rates are determined annually during the budgeting process, which typically takes place in the fall of each year.
The Beltrami County Board of Commissioners is made up of five elected officials who are responsible for overseeing the county's budget and making decisions on behalf of the county's residents. During the budgeting process, the Board of Commissioners reviews the county's projected revenue and expenses for the coming year and sets property tax rates accordingly.
Beltrami County property tax rates vary depending on a number of factors, including the value of the property, the location of the property, and the services provided by the county. Property owners in Beltrami County can expect to receive their property tax statements in the mail in the spring of each year. These statements will include information on the assessed value of the property, the property tax rate, and the amount of property tax owed for the year.
Overall, the process for setting property tax rates in Beltrami County is designed to ensure that the county has the resources it needs to provide essential services and maintain its infrastructure while also being fair and equitable to property owners.
Homestead exemptions in Beltrami County ?
To better understand the different Homestead exemptions and deductions available in Beltrami County, Minnesota, one can refer to the following table:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Market Value Exclusion | Must be owner-occupied and have a limited income | Excludes a portion of the homestead's value from property tax | The maximum annual income allowed is $38,770 |
| Disabled Veterans Homestead Market Value Exclusion | Must be a disabled veteran or the surviving spouse of a disabled veteran | Excludes a portion of the homestead's value from property tax | The percentage of exclusion varies based on the level of disability |
| Blind or Disabled Homestead Exclusion | Must be blind or disabled | Excludes up to $120,000 of the homestead's value from property tax | The homestead must be owned and occupied by the person claiming the exemption |
| Agricultural Homestead | Must be used for agricultural purposes | Reduces the property tax on the homestead's house, garage, and one acre of land | The maximum reduction is $490 |
| Green Acres | Homestead must be used for agricultural purposes | Reduces the property tax on the homestead's land | The maximum reduction is $490 per acre |
| Early Payment | None specific | Reduces the property tax by 1% | The payment must be made by April 30th |
It is important to note that these exemptions and deductions are specific to Beltrami County in Minnesota and that eligibility requirements and amounts may vary in other counties or states. It is recommended that interested individuals verify their eligibility and the specific details of the exemptions and deductions with the relevant county or state agency.
When is Beltrami County Property Tax due ?
Beltrami County Property Tax is typically due on May 15th of each year. However, there are a few things to keep in mind when it comes to payment methods.
Firstly, property owners can pay their taxes in full or in two installments - the first half is due on May 15th, and the second half is due on October 15th.
Secondly, there are several payment methods available to property owners:
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Online: Property owners can pay their taxes online by visiting the Beltrami County website and following the instructions for online payment.
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Mail: Property owners can also mail a check or money order to the Beltrami County Treasurer's Office. The address is:
Beltrami County Treasurer's Office 701 Minnesota Ave NW, Suite 100 Bemidji, MN 56601
- In person: Property owners can pay their taxes in person at the Treasurer's Office, located at the address above. Payments can be made by cash, check, or money order.
It's important to note that if property owners fail to pay their taxes on time, they may face penalties and interest charges. So, it's best to make sure to pay on or before the due date to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Beltrami County Property Tax penalty calculated ?
Beltrami County Property Tax Penalty Calculation
When property owners in Beltrami County fail to pay their property taxes on time, they may be subject to penalties. The penalty can be calculated as follows:
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Late Payment Penalty: A penalty of 2% of the total amount due is added if the tax payment is not received by the due date.
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Additional Penalty: If the tax payment is still not received after 60 days from the due date, an additional penalty of 4% is added to the total amount due.
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Monthly Penalty: If the tax payment is still not received after 90 days from the due date, a monthly penalty of 1% of the total amount due is added for each month of nonpayment.
Example:
Let's say a property owner in Beltrami County has a property tax bill of $2,000 due on January 1st. If the payment is not received by the due date, a late payment penalty of 2% ($40) will be added to the total amount due.
If the payment is still not received after 60 days, an additional penalty of 4% ($80) will be added to the total amount due, making it $2,120.
If the payment is still not received after 90 days, a monthly penalty of 1% ($21.20) will be added for each month of nonpayment. If the payment is received on April 1st, the total penalty will be $63.60 ($21.20 x 3 months) added to the total amount due, making it $2,183.60.
It's important for property owners in Beltrami County to pay their property taxes on time to avoid penalties. If they are unable to make the payment on time, they should contact the Beltrami County Treasurer's Office to discuss payment options.
We recommend contacting the Beltrami County Tax Office or a local tax professional for the most up-to-date and accurate information.