Example of Clearwater County Property Tax Calculation
Clearwater County Property Tax calculation is based on the assessed value of the property. The assessed value is multiplied by the mill levy to determine the property tax.
For example, if a property in Clearwater County has an assessed value of $100,000 and the mill levy is 50 mills, then the property tax would be calculated as follows:
$100,000 x 0.050 = $5,000
The property owner would owe $5,000 in property taxes for the year.
It is important to note that mill levies can vary depending on the location and type of property. It is always best to check with the local government or a tax professional for specific property tax information.
If you want appeal your property tax assessment - contact your local tax assessor.
Clearwater County Property Tax Rates
The Clearwater County Property Tax rates are as follows:
| Tax | Rate per $100 of assessed value |
|---|---|
| County | $0.9715 |
| School District | $2.1790 |
| City/Town | $1.5247 |
| Special Districts | Varies by district |
Note that the rates for special districts may vary depending on the specific district.
Who sets property tax rates in Clearwater County ?
Clearwater County Property Tax Rates
In Clearwater County, property tax rates are set by the Board of County Commissioners. The board determines the tax rate based on the budgetary needs of the county, which includes funding for services such as schools, public safety, road maintenance, and other essential services.
The property tax rates in Clearwater County are determined on an annual basis and are typically set in the fall. Property owners will receive a notice of their assessed value and the tax rate in the mail.
The tax rate is calculated by dividing the total budget by the total taxable value of all properties in the county. The tax rate is expressed in millage, which is equal to $1 for every $1,000 of assessed property value.
It is important for property owners to be aware of the tax rate in Clearwater County and to budget accordingly. Failure to pay property taxes can result in penalties, interest charges, and even the loss of the property through foreclosure.
Overall, the Board of County Commissioners holds the responsibility for setting the property tax rates in Clearwater County, with the goal of providing essential services to the community while maintaining a fair and reasonable tax burden for property owners.
Homestead exemptions in Clearwater County ?
A table with columns for exemption, eligibility, amount, and notes has been created to include all county specific Homestead exemptions and deductions in Clearwater County, Minnesota. This information is useful for homeowners in the area who may be eligible for these deductions.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead | Property owner | $500 | Must have owned and occupied the property as their primary residence on January 2nd of the assessment year |
| Agricultural | Agricultural property owner | Varies | Must meet certain criteria and be approved by the county assessor |
| Disabled veteran | Disabled veteran or surviving spouse | Varies | Must have a service-related disability of at least 70% |
| Blind | Blind individual | Varies | Must be legally blind |
| Green Acres | Agricultural property owner | Reduction in property tax | Must meet certain criteria and be approved by the county assessor |
| Senior citizen | Senior citizen | Varies | Must be at least 65 years old and meet certain income requirements |
It is important to note that these exemptions and deductions are specific to Clearwater County and may not apply to other counties or states. Homeowners should consult with their local county assessor or tax office for more information on eligibility and application procedures.
When is Clearwater County Property Tax due ?
Clearwater County Property Tax is typically due on June 30th of each year. There are several payment methods available for taxpayers to use, including:
| Payment Method | Details |
|---|---|
| Online | Taxpayers can pay their property taxes online through the Clearwater County website. They can use a credit card or debit card to make a payment. |
| Taxpayers can also mail their payment to the Clearwater County Treasurer's Office. The address is listed on the tax bill. | |
| In Person | Taxpayers can make a payment in person at the Clearwater County Treasurer's Office. The office is located at 213 Main Ave North, Bagley, MN 56621. |
It's important to note that late payments may incur penalties and interest charges. Taxpayers should make sure to submit their payment on or before the due date to avoid any additional fees. If a taxpayer is unable to make a payment on time, they should contact the Clearwater County Treasurer's Office to discuss payment options or potential payment plans.
If you have more questions - contact your local tax collector.
How is Clearwater County Property Tax penalty calculated ?
Clearwater County Property Tax Penalty Calculation
When a property owner fails to pay their property taxes in Clearwater County, they may be subject to penalties. The penalty is calculated based on the amount of taxes owed and the time period in which they are overdue.
The penalty is typically calculated as follows:
-
Initial Penalty: This is a penalty of 2% that is assessed on the unpaid taxes immediately after the tax deadline has passed.
-
Additional Penalty: If the taxes remain unpaid for more than 30 days after the initial penalty, an additional penalty of 1% is assessed per month until the taxes are paid in full.
Example:
Let's say that John owns a property in Clearwater County and his property tax bill is $1,000. The tax deadline is January 31st, but John forgets to pay.
By February 1st, John owes $1,000 in taxes plus a 2% penalty of $20.
If John still hasn't paid his taxes by March 1st, he will owe an additional 1% penalty of $10. This continues every month until John pays his taxes in full.
It is important to note that the penalty for late payment of property taxes in Clearwater County can add up quickly. Property owners should always pay their taxes on time to avoid these penalties.
We recommend contacting the Clearwater County Tax Office or a local tax professional for the most up-to-date and accurate information.