Example of Bonner County Property Tax Calculation
Bonner County calculates property taxes based on the assessed value of the property. For example, if the assessed value of a property is $100,000 and the tax rate is 1%, the property tax would be $1,000. The assessed value is determined by the county assessor based on the market value of the property and any improvements made to the property. Property tax rates may vary based on the location and type of property. The tax revenue generated is used to fund various county services such as schools, road maintenance, and emergency services.
If you want appeal your property tax assessment - contact your local tax assessor.
Bonner County Property Tax Rates
Here is the formatted table for Bonner County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.8354 |
| County Roads | $0.4682 |
| County Ambulance | $0.2021 |
| County Solid Waste | $0.3743 |
| County Fair | $0.0063 |
| City of Sandpoint | $1.8609 |
| City of Ponderay | $3.0240 |
| City of Priest River | $3.2833 |
| City of Clark Fork | $4.0170 |
As a tax advisor, it's important to note that property tax rates can vary based on location, assessed value of the property, and other factors. It's always recommended to consult with your local tax authority for the most up-to-date and accurate information.
Who sets property tax rates in Bonner County ?
Bonner County Property Tax Rates: Who and When?
The property tax rates in Bonner County are set by the Board of County Commissioners. These rates are typically set annually, during budgetary meetings that take place in the late summer and early fall.
The Board of County Commissioners works in conjunction with the Bonner County Assessor’s Office to determine the property tax rates that will be applied to each property within the county. The property tax rates are calculated based on a variety of factors, including the assessed value of the property, the property’s location, and any applicable exemptions or discounts.
Once the property tax rates have been set, property owners in Bonner County receive a notice of their tax assessment, which outlines the amount of taxes they owe based on the new rates. Property owners have the option to appeal their tax assessment if they believe that it is inaccurate or unfair.
In summary, the property tax rates in Bonner County are set annually by the Board of County Commissioners in collaboration with the Bonner County Assessor’s Office. Property owners receive a notice of their tax assessment, based on the new rates, and have the option to appeal if necessary.
Homestead exemptions in Bonner County ?
Table: Bonner County Homestead Exemptions and Deductions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | Up to $100,000 | Must apply by April 15 |
| Circuit Breaker Property Tax Relief | Homeowners 65 and older or disabled | Varies based on income and property value | Must apply annually by April 15 |
| Property Tax Reduction Program | Homeowners with limited income | Up to 50% reduction in property taxes | Must apply annually by April 15 |
| Veterans' Property Tax Reduction Program | Veterans with a service-connected disability or surviving spouse | Varies based on income and disability rating | Must apply annually by April 15 |
| Widows & Widowers Exemption | Surviving spouse of a deceased homeowner | Up to $1,500 | Must apply annually by April 15 |
| Disabled Veterans' Exemption | Veterans with a service-connected disability | Up to $1,320 | Must apply annually by April 15 |
Notes:
- Homeowners are only eligible for one exemption or deduction per property.
- Applications can be found on the Bonner County Assessor's website or at their office.
When is Bonner County Property Tax due ?
Bonner County Property Tax is typically due on December 20th of each year. However, if December 20th falls on a weekend or holiday, the due date is automatically extended to the next business day. It is important to note that failure to pay property tax on time can result in late fees and penalties.
There are several payment methods available to property owners in Bonner County. These methods include:
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Online payment: Property owners can pay their property taxes online using a credit/debit card or eCheck through the Bonner County Treasurer's website.
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In-person payment: Property owners can make payments in-person at the Bonner County Courthouse located at 215 South 1st Ave, Sandpoint, ID 83864.
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Mail payment: Payments can also be made through the mail by sending a check or money order to the Bonner County Treasurer's office at PO Box 896, Sandpoint, ID 83864.
It is important to note that property owners should always ensure that their payment is postmarked on or before the due date to avoid late fees and penalties.
Overall, Bonner County Property Tax is due on December 20th of each year, with several payment methods available including online, in-person, and mail payment options. Property owners should always ensure that their payment is made on time to avoid any late fees or penalties.
If you have more questions - contact your local tax collector.
How is Bonner County Property Tax penalty calculated ?
Bonner County Property Tax Penalty Calculation
Bonner County in the state of Idaho has a specific method of calculating property tax penalties. If a property owner fails to pay their property taxes on time, they will be subject to a penalty. Here is how the penalty is calculated:
- The original tax amount is due by December 20th of each year.
- If the original tax amount is not paid by December 20th, a 2% penalty is added to the unpaid balance.
- If the taxes are still unpaid by January 20th of the following year, an additional 1% penalty is added to the unpaid balance.
- If the taxes are still not paid by February 20th of the following year, another 1% penalty is added to the unpaid balance.
- The penalties continue to accrue at a rate of 1% per month until the taxes are paid in full.
Example:
Suppose a property owner in Bonner County owes $2,500 in property taxes for the year 2020. They fail to pay the taxes on or before December 20th, 2020. After December 20th, a 2% penalty of $50 ($2,500 x 2%) is added to the unpaid balance, making the total amount due $2,550. If the taxes are still unpaid by January 20th, 2021, an additional 1% penalty of $25 ($2,500 x 1%) is added to the unpaid balance, making the total amount due $2,575. If the taxes are still not paid by February 20th, 2021, another 1% penalty of $25 is added to the unpaid balance, making the total amount due $2,600. After February 20th, the penalties will continue to accrue at a rate of 1% per month until the taxes are paid in full.
In summary, property owners in Bonner County should make sure to pay their property taxes on time to avoid penalties. If they are unable to pay on time, they should be aware of the penalty calculation and make arrangements to pay the taxes as soon as possible to avoid further penalties.
We recommend contacting the Bonner County Tax Office or a local tax professional for the most up-to-date and accurate information.