Example of Boundary County Property Tax Calculation
Boundary County calculates property taxes based on the assessed value of the property. The assessed value is determined by the County Assessor's Office and is typically a percentage of the property's fair market value.
To calculate property taxes, the assessed value is multiplied by the county's tax rate. For example, if a property has an assessed value of $100,000 and the county tax rate is 1%, the property owner would owe $1,000 in property taxes for the year.
It's important to note that property taxes can also be affected by exemptions or special assessments, which may lower or raise the overall tax bill. Property owners can contact the County Assessor's Office for more information on how their property taxes are calculated.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Boundary County ?
In Boundary County, property tax rates are set by the County Commissioners. This typically occurs on an annual basis, as part of the budgeting process. The County Commissioners take into account a variety of factors when setting property tax rates, including the needs of the county and the assessed value of properties within the county. Once the property tax rates are set, property owners within Boundary County are responsible for paying their taxes in a timely manner.
Boundary County Property Tax Rates
Boundary County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $2.95 |
| County Road and Bridge | $3.00 |
| County Emergency Medical Services | $0.50 |
| County Solid Waste | $0.60 |
| County Noxious Weeds | $0.13 |
| School District #101 Maintenance and Operations | $4.90 |
| School District #101 Bond | $1.50 |
The above table shows the current property tax rates for Boundary County in the United States. These rates are in effect for the current fiscal year and are subject to change in the future. The tax rates are listed in dollars per $100 of assessed value for each specific tax category. The categories include county general, county road and bridge, county emergency medical services, county solid waste, county noxious weeds, school district #101 maintenance and operations, and school district #101 bond. Property owners in Boundary County should be aware of these tax rates when calculating their property taxes.
When is Boundary County Property Tax due ?
Boundary County Property Tax is typically due on December 20th each year. To ensure timely payment, taxpayers are encouraged to make their payment well in advance of the deadline. There are several payment methods available to taxpayers:
| Payment Method | Instructions |
|---|---|
| Payments can be submitted by mail to the Boundary County Treasurer's Office at P.O. Box 219, Bonners Ferry, ID 83805. Payments must be postmarked on or before December 20th to avoid penalties. | |
| In Person | Taxpayers can submit payments in person at the Boundary County Courthouse Treasurer's Office during regular business hours, Monday through Friday from 9:00 AM to 5:00 PM. |
| Online | Payments can be made online through the Boundary County website. Taxpayers will need their property tax assessment number to complete the transaction. |
It is important to note that late payments will be subject to penalties and interest charges. Taxpayers who are unable to pay their property taxes in full by the due date may be eligible for a payment plan. For further information, taxpayers should contact the Boundary County Treasurer's Office.
If you have more questions - contact your local tax collector.
Homestead exemptions in Boundary County ?
To help residents of Boundary County in Idaho navigate their county's Homestead exemptions and deductions, here is a table of all available options:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Property Tax Exemption for Veterans | Must be a veteran with 10% or more service-related disability or be the surviving spouse of a qualifying veteran | Up to $1,320 of the assessed value of the veteran's primary residence | Must apply annually by April 15 |
| Property Tax Reduction for Widows or Widowers | Must be the surviving spouse of a qualifying veteran or first responder, or be at least 62 years old | Up to $1,500 of assessed value reduction on primary residence | Must apply annually by April 15 |
| Property Tax Reduction for Blind or Disabled | Must have complete and permanent disability or be legally blind | Up to $1,500 of assessed value reduction on primary residence | Must apply annually by April 15 |
| Property Tax Exemption for Circuit Breaker | Must be at least 65 years old or have a permanent disability | Up to $1,320 of assessed value reduction on primary residence | Must apply annually by April 15; income limitations apply |
| Property Tax Reduction for Agricultural Land | Must meet requirements for agricultural use of land | Up to 75% reduction in assessed value of land used for agriculture | Must apply by December 31 of previous year |
It's important to note that there may be additional requirements or qualifications for each exemption or deduction, so residents are encouraged to review the specific application forms and instructions carefully.
Overall, taking advantage of Homestead exemptions and deductions can help reduce the property tax burden for eligible residents in Boundary County, Idaho.
How is Boundary County Property Tax penalty calculated ?
Boundary County Property Tax Penalty Calculation
Boundary County applies a penalty to late property tax payments. The penalty is calculated as a percentage of the unpaid taxes and accrues monthly until the taxes are paid in full. Here's an example of how the penalty is calculated:
Assume a property owner owes $2,000 in property taxes and fails to pay by the due date of December 20th, 2021. The penalty calculation would be as follows:
| Month | Unpaid Taxes | Penalty Rate | Penalty Amount |
|---|---|---|---|
| Jan | $2,000 | 2% | $40.00 |
| Feb | $2,040 | 2% | $40.80 |
| Mar | $2,080.80 | 2% | $41.62 |
| Apr | $2,122.42 | 2% | $42.45 |
| May | $2,165.87 | 2% | $43.32 |
| Jun | $2,211.19 | 2% | $44.22 |
| Jul | $2,258.41 | 2% | $45.17 |
| Aug | $2,307.58 | 2% | $46.15 |
| Sep | $2,358.73 | 2% | $47.17 |
| Oct | $2,411.90 | 2% | $48.24 |
| Nov | $2,467.13 | 2% | $49.34 |
| Dec | $2,526.47 | 2% | $50.53 |
The penalty rate is set at 2% per month or fraction of a month that the taxes remain unpaid. In this example, the property owner would owe a total of $2,576.47 by the end of the year if the taxes remain unpaid.
It's important to pay property taxes on time to avoid penalties and interest charges. If you have questions about your property tax bill or payment options, contact the Boundary County Treasurer's Office.
We recommend contacting the Boundary County Tax Office or a local tax professional for the most up-to-date and accurate information.