Example of Cass County Property Tax Calculation
Cass County property taxes are calculated 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 2%, then the property owner would owe $2,000 in property taxes. The tax rate is determined by the local government and can vary depending on the location within the county. Property owners can also apply for exemptions or reductions in their property taxes, such as the Homestead Exemption for primary residences. It's important for property owners to keep track of their property values and tax rates to ensure they are paying the correct amount of property taxes.
If you want appeal your property tax assessment - contact your local tax assessor.
Cass County Property Tax Rates
The following table lists the Cass County property tax rates:
Tax | Rate per $100 of Assessed Value |
---|---|
County | $0.7733 |
City or Village | Varies by location |
School District | Varies by district |
Road | Varies by location |
Special Assessments | Varies by project |
Please note that rates for individual cities, villages, and school districts may differ. It is recommended to consult with a local tax professional for more detailed information.
Who sets property tax rates in Cass County ?
Who sets property tax rates in Cass County?
The Cass County Board of Commissioners is responsible for setting property tax rates in Cass County. They do this annually as part of the budget process.
When are property tax rates set in Cass County?
Property tax rates are typically set in Cass County during the budget process, which takes place in the fall of each year. Once the budget has been approved, property tax rates are finalized and property tax bills are sent out to property owners in the county.
Additional Information:
It's important to note that property tax rates can vary depending on the location within Cass County and the type of property. For example, commercial properties may be subject to different tax rates than residential properties. Additionally, property tax rates can be impacted by changes in property values and changes in state laws or regulations. If you have questions about property taxes in Cass County, it's recommended that you contact the Cass County Treasurer's Office.
Homestead exemptions in Cass County ?
The following table presents the Homestead exemptions and deductions available in Cass County, Illinois. Each column includes the exemption or deduction name, eligibility criteria, the amount of the exemption or deduction, and any additional notes.
Exemption/Deduction | Eligibility Criteria | Amount | Notes |
---|---|---|---|
General Homestead Exemption | Property must be the primary residence of the owner | $6,000 | - |
Senior Citizen Homestead Exemption | Owner must be 65 years or older by December 31 of the tax year, and the property must be the primary residence of the owner | $5,000 | - |
Home Improvement Exemption | Property must be the primary residence of the owner, and the improvement must increase the property's value by at least 25% | Up to $75,000 | Application must be filed with the county assessor |
Disabled Veterans' Standard Homestead Exemption | Owner must be a veteran with a service-connected disability, and the property must be the primary residence of the owner | $2,500 | - |
Returning Veterans' Homestead Exemption | Owner must have served at least one tour of duty overseas, and the property must be the primary residence of the owner | $5,000 | - |
Disabled Persons' Homestead Exemption | Owner must have a disability and the property must be the primary residence of the owner | $2,000 | - |
Property Tax Relief for Widows/Widowers of Veterans | Owner must be the surviving spouse of an Illinois veteran, and meet income requirements | Up to $5,000 | Application must be filed with the county assessor |
It is important to note that these exemptions and deductions are subject to change and may have specific application requirements. Property owners in Cass County, Illinois should consult with their local county assessor's office for the most up-to-date information and to determine their eligibility for any of the available exemptions or deductions.
When is Cass County Property Tax due ?
Cass County Property Tax Due Date and Payment Methods
Cass County property owners must pay their property taxes by a specific deadline. Every year, the due date for property taxes varies slightly, but generally, property taxes are due on the first day of March. However, if the first of March is on a weekend, taxes are due on the next working day.
The county provides different payment methods to make it easy for property owners to pay their taxes. These methods include:
-
Online payment: Property owners can pay their taxes online by visiting the county's website and selecting the payment option. They can use their credit card, debit card, or an electronic check to pay their taxes.
-
Mail: Property owners can mail their tax payment to the Cass County Treasurer's office. The address is available on the county website. Checks or money orders should be payable to the Cass County Treasurer.
-
In-person payment: Property owners can also pay their taxes in-person by visiting the Cass County Treasurer's office. The office is located at 211 9th St S, Fargo, ND 58103. The office accepts cash, checks, or credit/debit cards.
In conclusion, Cass County property taxes are typically due on the first day of March. Property owners have several payment options available, including online payment, mail, and in-person payment at the Cass County Treasurer's office.
If you have more questions - contact your local tax collector.
How is Cass County Property Tax penalty calculated ?
Cass County Property Tax Penalty Calculation
The penalty for late payment of property taxes in Cass County is calculated using a straightforward formula. Here's how it works in detail:
- The due date for property taxes in Cass County is January 31st of each year.
- A penalty of 1% per month is added to any unpaid taxes beginning on February 1st.
- The penalty continues to accrue until the taxes are paid in full, up to a maximum penalty of 10%.
For example, let's say that John owns a property in Cass County and owes $10,000 in property taxes for the year. He fails to make the payment by the due date of January 31st. On February 1st, a penalty of 1% ($100) is added to his tax bill, making his total amount due $10,100. If he still hasn't paid by March 1st, another 1% penalty ($100) is added, making his total amount due $10,200. This process continues each month until John pays his taxes in full or until the penalty reaches the maximum of 10% ($1,000) after 10 months.
To summarize, the penalty for late payment of property taxes in Cass County is calculated as follows:
Timeline | Penalty % | Penalty Amount |
---|---|---|
February 1st | 1% | $100 |
March 1st | 1% | $100 |
April 1st | 1% | $100 |
May 1st | 1% | $100 |
June 1st | 1% | $100 |
July 1st | 1% | $100 |
August 1st | 1% | $100 |
September 1st | 1% | $100 |
October 1st | 1% | $100 |
November 1st and beyond | 10% max | $1,000 |
It's important to note that property owners are responsible for paying their taxes on time, regardless of whether or not they receive a tax bill. Failure to pay on time can result in additional penalties, interest, and even foreclosure.
We recommend contacting the Cass County Tax Office or a local tax professional for the most up-to-date and accurate information.