Example of Cimarron County Property Tax Calculation
A property tax calculation in Cimarron County, Oklahoma is based on the assessed value of the property and the tax rate set by the county. The county assesses the value of the property every year and then multiplies that value by the tax rate to determine the property tax owed by the owner.
For example, if the assessed value of a property in Cimarron County is $100,000 and the tax rate is 1%, then the property owner would owe $1,000 in property taxes for that year. This amount can vary based on any changes to the assessed value or tax rate.
It's important to note that property taxes are used to fund local services such as schools, police and fire departments, and road maintenance. So paying property taxes is an important part of being a responsible member of the community.
If you want appeal your property tax assessment - contact your local tax assessor.
Cimarron County Property Tax Rates
Here is a table listing the Cimarron County Property Tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Tax | $0.204 |
| County Health Tax | $0.397 |
| County Library Tax | $0.259 |
| County Conservation Tax | $0.096 |
| County Road and Bridge Tax | $0.567 |
| County Bonded Indebtedness Tax | $0.190 |
These rates are subject to change each year depending on the county's budget and funding needs. If you have any questions or concerns about property taxes in Cimarron County, it is recommended to consult with a reputable tax advisor or the county's tax assessor's office.
Who sets property tax rates in Cimarron County ?
Who Sets Property Tax Rates in Cimarron County?
The property tax rates in Cimarron County are determined by the Cimarron County Board of Commissioners. They are responsible for setting the tax rates based on the county's budget and financial needs.
The Board of Commissioners typically meets annually to review the budget and determine the necessary property tax rates for the next fiscal year. The tax rates are approved through a public vote and are then applied to all taxable properties within Cimarron County.
It's important to note that property tax rates can vary depending on the location of the property and other factors such as the property's assessed value. Property owners in Cimarron County should consult with a local tax professional to understand their specific tax obligations and rights.
Homestead exemptions in Cimarron County ?
In Cimarron County, Oklahoma, there are several Homestead exemptions and deductions available for eligible residents. Here is a breakdown of the exemptions, eligibility requirements, applicable amounts, and some important notes to keep in mind:
Homestead Exemptions and Deductions in Cimarron County, Oklahoma
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| County Assessor Homestead Exemption | Owner-occupied homes | Up to $1,000 | Must apply with the County Assessor by March 15th |
| Senior Citizen Property Tax Deduction | Homeowners 65 or older, or disabled | Up to $2,000 | Must apply with the County Assessor by March 15th |
| School District Property Tax Exemption | Homeowners with children attending school in Cimarron County | Up to $1,000 | Automatically applied |
| Homestead Exemption for Widows and Widowers | Widows and Widowers | Up to $1,000 | Must apply with the County Assessor by March 15th |
| Veterans Homestead Exemption | Veterans with service-connected disabilities | Up to $1,000 | Must apply with the County Assessor by March 15th |
It is important to note that these exemptions and deductions are subject to change and specific eligibility requirements may vary. It is recommended to contact the Cimarron County Assessor's office for the most up-to-date information and assistance with applying for any exemptions or deductions.
When is Cimarron County Property Tax due ?
Cimarron County Property Tax is typically due on December 31st of each year.
Property owners in Cimarron County have several payment methods available. These include:
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Online payment: Property owners can pay their property taxes online through the Cimarron County Treasurer's website. This method allows for secure, convenient payment using a credit or debit card or e-check.
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In-person payment: Property owners can also pay their property taxes in person at the Cimarron County Treasurer's office. The office is located at 100 S. Ellison St., Boise City, OK 73933.
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Mail-in payment: Property owners can mail their property tax payment to the Cimarron County Treasurer's office. The payment should be sent to the following address: Cimarron County Treasurer, P.O. Box 100, Boise City, OK 73933.
It is important to note that failure to pay property taxes by the due date may result in penalties and interest fees. Therefore, property owners in Cimarron County should ensure that they meet the payment deadline in a timely manner.
If you have more questions - contact your local tax collector.
How is Cimarron County Property Tax penalty calculated ?
Cimarron County calculates property tax penalties using a simple formula. The penalty is assessed on any unpaid taxes after the due date of December 31st. The penalty rate is set at 10% of the unpaid taxes, plus an additional 1% each month until the taxes are paid in full.
To explain this in more detail, here's an example:
Let's say a property owner in Cimarron County owes $1,000 in property taxes for the year. However, they were unable to pay the full amount by the due date of December 31st.
If the property owner pays their taxes by January 31st, they will owe a penalty of 10% of the unpaid amount, which is $100. Their total tax bill will now be $1,100.
If they still haven't paid by February 28th, an additional 1% penalty will be added to their bill, which is $10. Their total tax bill will now be $1,110.
This process will repeat each month until the taxes are paid in full. By July 31st, the penalty will have reached its maximum of 15%. So if the property owner still hasn't paid by then, they will owe an additional $150 in penalties on top of their original tax bill of $1,000, for a total of $1,250.
In summary, Cimarron County calculates property tax penalties based on a 10% penalty plus an additional 1% each month until the taxes are paid in full. It's important for property owners to pay their taxes on time to avoid penalties and additional costs.
We recommend contacting the Cimarron County Tax Office or a local tax professional for the most up-to-date and accurate information.