Example of Davison County Property Tax Calculation
Davison County calculates property taxes based on the value of the property. To calculate the tax, the county assessor first determines the assessed value of the property by assessing 85% of the market value.
Next, the county applies the mill levy, which is the tax rate, to the assessed value of the property. The mill levy is determined by the county commissioners and varies based on the taxing district where the property is located.
For example, if the assessed value of a property in Davison County is $100,000 and the mill levy for the property's taxing district is 100 mills, the property tax would be $10,000 (100 mills x $100,000 assessed value = $10,000 property tax).
It's important to note that property owners may qualify for tax exemptions or reductions based on factors such as age or disability. Property owners should contact the Davison County Treasurer's office for more information on tax exemptions and reductions.
If you want appeal your property tax assessment - contact your local tax assessor.
Davison County Property Tax Rates
Here is the Davison County Property Tax rates table with the tax and rate per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General | $1.26 |
| Highway | $0.25 |
| School | $1.456 |
| City | $0.41 |
| Total | $3.391 |
Please note that these rates are subject to change and may vary based on the specific property location and use. It is always recommended to consult with a professional tax advisor for accurate and up-to-date information on property taxes.
Who sets property tax rates in Davison County ?
In Davison County, South Dakota, property tax rates are set by the Davison County Commission. The commission typically meets monthly to review and approve the county's budget, including property tax rates. The exact timing of these meetings can vary, but they usually take place in the fall, before property tax bills are sent out to residents. The commission takes into account a variety of factors when setting property tax rates, such as the county's financial needs, property values, and other local taxes. Once the tax rates are set, they are used to calculate the amount of property tax owed by each property owner in the county.
When is Davison County Property Tax due ?
Davison County Property Tax is typically due on April 30th of each year. The most common payment methods are online, by mail, or in person.
Online Payment Methods:
| Payment Method | Description |
|---|---|
| eCheck | Pay directly from your bank account for a $1.50 convenience fee |
| Credit/Debit Card | Pay with Visa, MasterCard, Discover, or American Express for a 2.5% convenience fee |
Mail Payment Method:
To pay by mail, send a check or money order payable to "Davison County Treasurer" to the following address:
Davison County Treasurer 200 East 4th Ave. Mitchell, SD 57301
In-Person Payment Method:
To pay in person, visit the Davison County Treasurer's office located at the following address:
Davison County Treasurer 200 East 4th Ave. Mitchell, SD 57301
Overall, taxpayers have multiple options to pay their Davison County Property Tax bill, with online payment methods being the most convenient option.
If you have more questions - contact your local tax collector.
Homestead exemptions in Davison County ?
To assist taxpayers in Davison County, South Dakota, here is a comprehensive list of Homestead exemptions and deductions available in the county. The table below includes columns for exemption, eligibility, amount, and any additional notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Owner-occupied properties | $30,000 | All eligible properties are exempt from taxes on this amount of assessed value. |
| School District Tax Relief | Owner-occupied properties | Up to $6,000 | Provides a tax reduction of up to $6,000 in assessed value for school district taxes. |
| Disabled Veteran Exemption | Disabled veterans or their unmarried widows | $50,000 | Eligible properties owned and occupied by disabled veterans or their unmarried widows are exempt from taxes on this amount of assessed value. |
| Elderly or Disabled Tax Freeze | Property owners over 65 or disabled | Tax freeze | Eligible property owners over 65 or disabled can freeze the taxable value of their property at the base year value, preventing their tax bill from increasing due to rising property values. |
| Agricultural Land Exemption | Agricultural land utilized for farming | 0-100% | Eligible agricultural land that is actively used for farming may qualify for a full or partial exemption depending on its use. |
| Solar Energy System Exemption | Properties with a solar energy system installed | Full value | Eligible properties with a solar energy system installed may qualify for a full exemption on the value of the system. |
It is important to note that each exemption and deduction may have specific eligibility requirements and application procedures. Taxpayers are encouraged to contact the Davison County Auditor's office for more information and to determine their eligibility for these exemptions and deductions.
How is Davison County Property Tax penalty calculated ?
Davison County Property Tax Penalty Calculation
When property taxes are not paid on time, a penalty is applied to the outstanding balance. In Davison County, South Dakota, property tax penalties are calculated as follows:
- First Penalty: 2% of the unpaid taxes is added on the day after the due date.
- Second Penalty: An additional 1% penalty is added on the 15th day after the due date.
- Third Penalty: Another 1% penalty is added on the 1st day of the following month.
Here's an example to help illustrate the calculation:
John owns a home in Davison County and has a property tax bill of $5,000 due on April 30th. However, he fails to pay on time and misses the due date. Here's how his penalty would be calculated:
| Penalty | Calculation | Amount |
|---|---|---|
| First | $5,000 x 2% | $100 |
| Second | $5,000 x 1% | $50 |
| Third | $5,000 x 1% | $50 |
| Total | $200 |
Therefore, John would be charged a total penalty of $200 ($100 + $50 + $50) in addition to his original property tax bill of $5,000. It's important to note that the penalties continue to accrue until the tax bill is paid in full.
It is recommended to pay property taxes on time to avoid any penalties and additional charges. In case of any questions or concerns about property tax penalties, it's best to reach out to the Davison County Treasurer's Office.
We recommend contacting the Davison County Tax Office or a local tax professional for the most up-to-date and accurate information.