Example of Black Hawk County Property Tax Calculation
When calculating property taxes in Black Hawk County, the county assessor determines the assessment value of the property. This is done by taking into account factors such as the property's size, location, and overall condition.
Once the assessment value is determined, the assessor applies the current tax rate to calculate the property tax amount. The tax rate is set by the county government and is usually expressed as a percentage.
For example, if the assessment value of a property is $100,000 and the tax rate is 2%, the property owner would owe $2,000 in property taxes for the year.
It's important to note that property tax rates can vary from year to year and can be influenced by changes in local government budgets and policies. Property owners in Black Hawk County should check with their local assessor's office for the latest tax rate information.
If you want appeal your property tax assessment - contact your local tax assessor.
Black Hawk County Property Tax Rates
The table below presents the Black Hawk County Property Tax rates in US dollars per 100$ of assessed value:
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| Residential | 8.52 |
| Agricultural | 14.75 |
| Commercial | 21.66 |
| Industrial | 22.75 |
| Utilities | 24.37 |
Note that the rates may vary depending on the specific location within the county and the property type. It is recommended to consult a tax professional for accurate and updated information.
Who sets property tax rates in Black Hawk County ?
Who sets property tax rates in Black Hawk County?
The Black Hawk County Board of Supervisors is responsible for setting property tax rates in the county. The board meets annually to determine the property tax rate for the upcoming year.
When are property tax rates set in Black Hawk County?
The Black Hawk County Board of Supervisors typically sets property tax rates in the month of March. This allows property owners to be notified of their property tax obligations well in advance of the due date.
It is important to note that property tax rates are based on the assessed value of the property. Property owners can appeal the assessed value if they believe it to be too high, which could ultimately impact their property tax rate.
Homestead exemptions in Black Hawk County ?
To help homeowners in Black Hawk County, Iowa, understand their property tax benefits, we have compiled a list of all county-specific Homestead exemptions and deductions available. Below is a table with columns for the exemption, eligibility requirements, maximum amount, and any notes to keep in mind.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Owner-occupied primary residence | Up to $4,850 | The property must be the primary residence of the owner as of July 1 of the current year |
| Military Exemption | Veteran or current service member | Up to $2,778 | The property must be the primary residence of the owner and the veteran must have served during a recognized war period |
| Disabled Veteran Exemption | Disabled veteran | Up to $67,500 | The veteran must have a service-connected disability of at least 70% |
| Disabled Person Exemption | Disabled person | Up to $2,778 | The property must be the primary residence of the disabled person and they must have a medically verified disability |
| Low-income Exemption | Low-income homeowners | Varies based on income and property value | Must meet specific income guidelines and property value limits |
It's important to note that each exemption has its own eligibility requirements and documentation that must be submitted to the county assessor's office. Homeowners should also be aware that these exemptions may not cover all property taxes, and they should budget accordingly. For more information on these exemptions and how to apply, homeowners should contact their local county assessor's office.
When is Black Hawk County Property Tax due ?
Black Hawk County Property Tax Due Date and Payment Methods
Typically, Black Hawk County Property Tax is due on March 31 of each year. However, due to COVID-19, the deadline for 2021 was extended to April 30. It is important to note that late payments are subject to penalty fees.
Here are the payment methods available:
| Payment Method | Details |
|---|---|
| Online | Payments can be made online using a debit or credit card or e-check. Visit the Black Hawk County Treasurer's website to access the payment portal. |
| Payments can also be made by mailing a check or money order to the Black Hawk County Treasurer's Office. The address is provided on the tax statement. | |
| In-person | Payments can be made in-person by visiting the Black Hawk County Treasurer's Office during regular business hours. Accepted payment methods include cash, check, or money order. |
It is important to note that if a property owner has a mortgage, the mortgage company may pay the property taxes on their behalf. In this case, the property owner should confirm with their mortgage company to ensure the taxes are paid in full and on time.
Overall, property owners in Black Hawk County have multiple options for paying their property taxes. It is important to make timely payments to avoid penalty fees.
If you have more questions - contact your local tax collector.
How is Black Hawk County Property Tax penalty calculated ?
Black Hawk County Property Tax Penalty Calculation
The property tax penalty in Black Hawk County, Iowa is calculated as follows:
- First, unpaid taxes are assessed a one-time penalty of 2% on March 1st of the following year after the taxes became due.
Example: If the property taxes were due on September 30, 2020 and not paid, then on March 1, 2021 a 2% penalty would be assessed.
- If the taxes remain unpaid after March 1st, an additional penalty of 1.5% is added on the first day of each month thereafter until the taxes are paid in full.
Example: Continuing with the above example, if the taxes remain unpaid on April 1, 2021, an additional 1.5% penalty would be added. If the taxes are still unpaid on May 1, 2021, another 1.5% penalty would be added, and so on.
- In addition to the penalties, interest is also charged on delinquent taxes at a rate of 1.5% per month.
Example: Using the above example, if the property taxes were due on September 30, 2020 and not paid, and the taxes remain unpaid on April 1, 2021, then the taxpayer would owe a total of 9% in penalties (2% from March 1 - March 31, 2021, and 1.5% for each subsequent month up to April 1, 2021) and 6% in interest (1.5% per month from October 2020 to April 2021).
To avoid penalties and interest, it is important to pay property taxes on time. Taxpayers can pay in person, by mail, or online. Additionally, taxpayers who are unable to pay their taxes in full may be eligible for a payment plan.
We recommend contacting the Black Hawk County Tax Office or a local tax professional for the most up-to-date and accurate information.