Example of Burnett County Property Tax Calculation
In Burnett County, property tax calculation is based on the assessed value of the property and the tax rate set by the county.
To calculate the property tax, first, the assessed value of the property is determined by the county assessor. For example, if a property has an assessed value of $100,000, this will be used in the tax calculation.
Next, the tax rate for the property is determined by the county. If the tax rate is 2%, the property tax will be calculated by multiplying the assessed value by the tax rate: 100,000 x 0.02 = $2,000.
It's important to note that property tax rates can vary from year to year and can also be influenced by additional factors such as school district taxes and special assessments.
Overall, understanding how property taxes are calculated can help property owners in Burnett County better prepare and plan for their tax obligations.
If you want appeal your property tax assessment - contact your local tax assessor.
Burnett County Property Tax Rates
The table below lists the property tax rates for Burnett County in Wisconsin, expressed as rates per $100 of assessed value.
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General County Tax | $3.94 |
| School District Tax | $8.36 |
| Technical College Tax | $1.05 |
| Municipality Tax | Varies by municipality |
It's important to note that the municipality tax rate in Burnett County varies depending on the specific municipality in which the property is located. Property owners should check with their local government for the exact tax rate in their area.
Overall, property owners in Burnett County can expect to pay a combined tax rate that includes the general county tax, school district tax, technical college tax, and municipality tax (if applicable).
Who sets property tax rates in Burnett County ?
Who sets the property tax rates in Burnett County?
The property tax rates in Burnett County are set by the Burnett County Board of Supervisors. The board meets annually to review and adjust the rates.
When are the property tax rates set in Burnett County?
The property tax rates in Burnett County are set annually, typically in the fall. The specific date is determined by the Board of Supervisors and may vary from year to year.
Additional Information:
Property taxes are a major source of funding for local government services such as schools, roads, and emergency services. The amount of property tax owed by an individual property owner is calculated based on the assessed value of the property and the tax rate set by the county. Property owners in Burnett County should receive a property tax bill annually, typically in December. It is important to pay property taxes on time to avoid penalties and interest charges.
When is Burnett County Property Tax due ?
According to the Burnett County Treasurer's website, property taxes are typically due on January 31st of each year.
There are several convenient methods for making a payment:
| Payment Method | Details |
|---|---|
| Online | Payments can be made online through the Burnett County Treasurer's website using a credit card or e-check. |
| Payments can be mailed to the Burnett County Treasurer's Office, along with a payment stub and a self-addressed stamped envelope for a receipt. | |
| In Person | Payments can be made in person at the Burnett County Treasurer's Office during regular business hours. Cash, check, or credit card are accepted. |
It's important to note that failure to pay property taxes on time can result in late fees and penalties, as well as potential legal action. It's always a good idea to plan ahead and make sure payments are made on time to avoid any unnecessary complications.
If you have more questions - contact your local tax collector.
Homestead exemptions in Burnett County ?
To help Burnett County residents better understand their Homestead exemptions and deductions, we've created a table of the most relevant information. Check out the columns below:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General | Primary residence | Up to $25,000 | Must file by January 31st of assessment year |
| Veteran | Honorably discharged, served in specific conflicts | Up to $12,000 for 2019 | Additional $15,000 for disabled veterans |
| Surviving Spouse | Deceased spouse was eligible for exemption | Up to $25,000 | Must file by January 31st of assessment year |
| Agricultural | Active farmer or farmland owner | Up to 70% reduction | Exemption applies to county, school, and state taxes |
| Forest | Active participant in state program | Up to 50% reduction | Exemption applies to county, school, and state taxes |
It's important to note that eligibility and specific amounts may vary depending on individual circumstances. Always consult with a tax professional or the Burnett County Treasurer's office for the most accurate and up-to-date information.
Overall, utilizing Homestead exemptions and deductions can significantly reduce property taxes for eligible residents in Burnett County. Don't miss out on potential savings - explore your options today!
How is Burnett County Property Tax penalty calculated ?
Burnett County Property Tax Penalty
When a property owner fails to pay their property taxes on time in Burnett County, Wisconsin, they will be charged a penalty. The penalty is calculated based on a percentage of the unpaid taxes and the number of days past due. Here's an example:
Suppose a property owner owes $3,000 in property taxes to Burnett County, and the due date is January 31st. If the property owner fails to pay by the due date, they will be charged a penalty of 1% per month, which is equivalent to 12% per year. If the property owner pays on February 15th, they will be 15 days past due and will owe an additional $45 in penalty fees. Here's how the penalty is calculated:
| Unpaid Taxes | Penalty Rate | Number of Days Past Due | Penalty Fee |
|---|---|---|---|
| $3,000 | 1% per month | 15 days | $45 |
Therefore, the property owner will owe a total of $3,045 to Burnett County, including the penalty fee.
It's important to note that the penalty fee will continue to increase each month until the taxes are paid in full. Property owners who are unable to pay their property taxes on time should contact the Burnett County Treasurer's Office to discuss payment options and avoid additional penalties.
We recommend contacting the Burnett County Tax Office or a local tax professional for the most up-to-date and accurate information.