Brookings County Property Tax Rates
Brookings County Property Tax Rates
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Residential | $2.42 |
| Agricultural | $3.09 |
| Commercial | $5.23 |
| Industrial | $5.23 |
| Personal | $5.23 |
Note: These rates are subject to change and may vary depending on the specific property. It is recommended to consult with a certified tax advisor for accurate information.
Who sets property tax rates in Brookings County ?
In Brookings County, property tax rates are set by the County Commission. This group of elected officials meets annually to review and adjust the rates as needed. The rates are typically based on the assessed value of the property and are used to fund various county services such as schools, roads, and law enforcement. The County Commission considers input from the public and other stakeholders before making any changes to the rates. It's important for property owners to stay informed about any changes to the tax rates in order to properly budget for their tax payments.
Example of Brookings County Property Tax Calculation
Brookings County property tax is calculated based on the assessed value of a property. The assessed value is determined by the county assessor's office, and it is equal to a percentage of the property's fair market value.
To calculate the property tax, first, the assessed value of the property is multiplied by the tax rate, which is expressed in mills. One mill represents one dollar of tax for every $1,000 of assessed value. For example, if a property has an assessed value of $100,000 and the tax rate is 100 mills, the property tax would be $10,000.
It is important to note that there are different tax rates for different types of properties. For instance, residential properties usually have lower tax rates than commercial properties.
In addition to the property tax, there may be other fees or assessments that the property owner is responsible for paying, such as special assessments for road maintenance or sewer improvements.
Overall, Brookings County property tax calculations can be complex, but understanding the assessed value and tax rate is a good starting point.
If you want appeal your property tax assessment - contact your local tax assessor.
Homestead exemptions in Brookings County ?
In Brookings County, South Dakota, there are several Homestead exemptions and deductions that residents may be eligible for. Here is a breakdown of the available exemptions, eligibility requirements, maximum amounts, and any important notes to keep in mind:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Must own and occupy the property as a primary residence | Up to $30,000 of the assessed value of the property | This exemption applies to all qualified South Dakota residents |
| Elderly and Disabled Homestead Exemption | Must be 65 years of age or older or disabled | Up to $150,000 of the assessed value of the property | This exemption applies to all qualified South Dakota residents |
| Disabled Veteran Exemption | Must be a veteran with a service-connected disability rating of at least 50% | Up to $100,000 of the assessed value of the property | This exemption also applies to the un-remarried surviving spouse of the veteran |
| Paraplegic Exemption | Must be a paraplegic with a vehicle specially equipped for their use | Exemption for one vehicle | This exemption applies to all qualified South Dakota residents |
| School Tax Exemption | Must be 70 years of age or older | Up to $10,000 of the assessed value of the property | This exemption applies only to school district taxes |
It's important to note that these exemptions and deductions may have income and/or residency requirements. Residents should contact the Brookings County Assessor's Office for more information and to apply for these exemptions.
How is Brookings County Property Tax penalty calculated ?
Brookings County Property Tax Penalty Calculation
Brookings County imposes a penalty on overdue property taxes to encourage timely payment of property taxes. The penalty calculation is based on the amount of the unpaid property taxes and the length of time the taxes remain unpaid.
The penalty is calculated as follows:
- 1% penalty for the first month the taxes are overdue
- An additional 1% penalty for each additional month the taxes are overdue
For example, if a property owner owes $1,000 in property taxes and the taxes are two months overdue, the penalty would be calculated as follows:
- 1% penalty for the first month overdue = $10 ($1,000 x 1%)
- 1% penalty for the second month overdue = $10 ($1,000 x 1%)
Total penalty = $20
The penalty is added to the unpaid property tax amount and the total amount is subject to interest charges.
It is important for property owners to pay their property taxes on time to avoid penalties and interest charges. If you have any questions regarding property taxes in Brookings County, you can contact the Brookings County Treasurer's Office.
When is Brookings County Property Tax due ?
Brookings County Property Tax is typically due on April 30th each year. There are multiple ways to make the payment, including online, by mail, in person, or through escrow. Here are the details:
Payment Methods for Brookings County Property Tax
| Payment Method | How to Pay | Additional Info |
|---|---|---|
| Online | Visit the Brookings County Treasurer's website and follow the prompts for online payment. | You will need your property ID number and a valid credit or debit card. |
| By Mail | Make your check out to "Brookings County Treasurer" and send it to: Brookings County Treasurer, 520 3rd St, Suite 120, Brookings, SD 57006. | Be sure to include your property ID number on the check. Allow enough time for delivery and processing. |
| In Person | Visit the Brookings County Treasurer's office at 520 3rd St, Suite 120, Brookings, SD 57006 during business hours. | Bring your property ID number and a method of payment (cash, check, or credit/debit card). |
| Through Escrow | If you have an escrow account with your mortgage lender, they may pay your property tax on your behalf. | Check with your lender to confirm that they will pay your tax, and that they have the correct payment amount and due date. |
Note that failure to pay your Brookings County Property Tax by the April 30th deadline could result in penalties and interest charges. It is important to plan ahead and be aware of your payment options.
If you have more questions - contact your local tax collector.
We recommend contacting the Brookings County Tax Office or a local tax professional for the most up-to-date and accurate information.