Example of Blaine County Property Tax Calculation
Blaine County Property Tax is calculated based on the assessed value of a property. To calculate the property tax, the county's tax assessor determines the property's assessed value by considering factors such as property size, location, and any improvements made to the property. Once the assessed value is determined, the county multiplies it by the current tax rate, which is set annually by the county government. The resulting amount is the annual property tax owed.
For example, if a property in Blaine County has an assessed value of $200,000 and the current tax rate is 2%, the property tax owed would be $4,000 per year. This amount may be paid in installments or in a lump sum, depending on the county's policies. It is important to note that property tax rates and assessed values can vary from year to year, so homeowners should be prepared for potential changes in their property tax bills.
If you want appeal your property tax assessment - contact your local tax assessor.
Blaine County Property Tax Rates
Blaine County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.588 |
| Roads | $0.155 |
| Fire District | $0.281 |
| Ambulance District | $0.065 |
| Cemetery District | $0.006 |
| School District | $1.486 |
| Total | $2.581 |
Blaine County has a total property tax rate of $2.581 per $100 of assessed value. This includes various district taxes such as county general, roads, fire, ambulance, cemetery and school district taxes. It is important to note that property tax rates are subject to change and can vary based on location and assessment values.
Who sets property tax rates in Blaine County ?
Who sets property tax rates in Blaine County? Property tax rates in Blaine County are set by the county's Board of County Commissioners.
When are property tax rates set in Blaine County? The property tax rates in Blaine County are typically set annually by the Board of County Commissioners in the fall.
The Board of County Commissioners takes into account a variety of factors when setting these rates, including the needs of the county, its budget, and the assessed value of properties within the county. Property owners within the county receive a property tax bill each year based on the assessed value of their property and the tax rate set by the Board of County Commissioners.
Homestead exemptions in Blaine County ?
Blaine County in Oklahoma offers several Homestead exemptions and deductions to eligible homeowners. These exemptions and deductions can significantly reduce the amount of property tax the homeowners are required to pay. The following table outlines the various exemptions, eligibility requirements, amount and notes for each of them:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Standard Homestead Exemption | Owner-occupied primary residence | Up to $1,000 assessed value | Must have lived in the property on January 1st of the assessment year |
| Senior Citizen Exemption | Owner-occupied primary residence | 100% exemption | Must be 65 years or older and income must not exceed $50,000 |
| Disabled Person Exemption | Owner-occupied primary residence | 100% exemption | Must have a permanent disability and income must not exceed $20,000 |
| Veterans Exemption | Owner-occupied primary residence | Varies based on percentage of disability | Must be a veteran with a service-related disability |
| Agricultural Land Exemption | Agricultural land | Up to $3,500 assessed value per acre | Must meet certain income and production requirements |
| Freeport Exemption | Tangible personal property | 100% exemption | Applied to inventory, raw materials, and goods in transit |
| Industrial Depreciation Exemption | Industrial property | 10-50% exemption | Applied to depreciable property used in manufacturing or processing |
It is important to note that homeowners must apply for these exemptions and deductions each year by the deadline specified by the County Assessor's office. The eligibility requirements and benefit amounts are subject to change and may vary by county. Homeowners are encouraged to contact their local County Assessor's office for more information and assistance in applying for these exemptions and deductions.
When is Blaine County Property Tax due ?
Blaine County Property Tax Due Date and Payment Methods
Blaine County Property Tax is typically due every year on December 20th. However, if December 20th falls on a weekend or holiday, the due date will be the following business day.
There are several payment methods available for property tax payments in Blaine County:
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Online Payment: Property tax payments can be made online using a credit card or electronic check through the Blaine County Treasurer's website.
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Mail: Property tax payments can be mailed to the Blaine County Treasurer's office at 206 1st Avenue South Suite 303 Hailey, ID 83333. Payments must be postmarked by December 20th to avoid penalties and interest.
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In Person: Property tax payments can be made in person at the Blaine County Treasurer's office during regular business hours.
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Drop-box: Property tax payments can be dropped off in the drop-box located outside of the Blaine County Treasurer's office. The drop-box is available 24/7.
It is important to note that if property taxes are not paid by the due date, penalties and interest will be assessed. Additionally, failure to pay property taxes can result in a tax lien being placed on the property.
In summary, Blaine County Property Tax is due every year on December 20th, and payments can be made online, by mail, in person, or through a drop-box. It is important to pay property taxes on time to avoid penalties and interest.
If you have more questions - contact your local tax collector.
How is Blaine County Property Tax penalty calculated ?
Blaine County Property Tax Penalty Calculation
To understand how the Blaine County Property Tax Penalty is calculated, it is important to know the following:
- The property taxes in Blaine County are due on December 20th of each year. If the taxes are not paid by this date, a penalty is added to the outstanding taxes.
- The penalty is calculated as a percentage of the unpaid taxes and accrues on a monthly basis until the taxes are paid in full.
- The penalty percentage is determined by the Idaho State Code and changes on an annual basis.
Let's take an example to understand how the penalty is calculated:
- Joe owns a property in Blaine County and his total property tax due for the year is $2,500.
- Joe misses the December 20th deadline and does not pay his taxes until February 25th of the following year.
- As of February 25th, Joe owes $2,500 in taxes plus two months of penalties.
- The penalty rate for 2021, as per the Idaho State Code, is 1% per month of the outstanding taxes.
- Therefore, Joe's penalty for January and February will be 1% of $2,500, which is $25 for each month.
- So, the total penalty that Joe will have to pay for the two months is $50.
- Hence, the total amount that Joe will have to pay as of February 25th will be $2,550 ($2,500 in taxes plus $50 in penalties).
In conclusion, it is important to pay property taxes on time to avoid paying penalties. The penalty is calculated on a monthly basis and is based on the outstanding taxes owed. The percentage of the penalty changes annually and is determined by the Idaho State Code.
We recommend contacting the Blaine County Tax Office or a local tax professional for the most up-to-date and accurate information.