Example of Dickey County Property Tax Calculation
Dickey County calculates property tax based on the assessed value of a property. The assessed value is determined by the county assessor, and it reflects the estimated market value of the property. The tax rate is then applied to the assessed value to determine the amount of property tax that the owner is required to pay.
For example, if a property in Dickey County has an assessed value of $100,000 and the tax rate is 2%, the property owner would be required to pay $2,000 in property taxes. It is important to note that different properties may have different tax rates based on factors such as location and property type.
In addition to the assessed value and tax rate, property taxes may also be affected by any exemptions or deductions that the owner is eligible for. For instance, seniors or veterans may qualify for certain exemptions that could reduce their property tax burden.
Overall, understanding the property tax calculation process in Dickey County can help property owners accurately estimate their tax liability and plan for their financial future.
If you want appeal your property tax assessment - contact your local tax assessor.
Dickey County Property Tax Rates
DICKEY COUNTY PROPERTY TAX RATES
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Residential | $9.46 |
| Commercial | $11.53 |
| Agricultural | $6.69 |
| Industrial | $11.53 |
These are the current property tax rates for Dickey County, North Dakota. The rates are expressed as the amount of tax per $100 of assessed value, for each property type. The residential tax rate is $9.46 per $100 of assessed value, the commercial and industrial tax rates are $11.53 per $100 of assessed value, and the agricultural tax rate is $6.69 per $100 of assessed value. This information can be useful for property owners and tax advisors who need to calculate their tax liabilities.
Who sets property tax rates in Dickey County ?
In Dickey County, property tax rates are set by the Board of County Commissioners. This typically occurs during a budget-setting process, which takes place annually. Property taxes are a primary source of revenue for local governments, and thus the rates are set to fund various public services and infrastructure projects. It is important for property owners to stay informed about these rates, as they can affect their tax burden. To learn more about property tax rates in Dickey County, individuals can contact the local County Assessor's Office or visit the county website for information.
| Topic | Information |
|---|---|
| Who sets property tax rates in Dickey County? | The Board of County Commissioners |
| When are property tax rates set in Dickey County? | During the annual budget-setting process |
| Why are property tax rates important? | They fund public services and infrastructure projects, and can affect taxpayers' burden |
| How can individuals learn more about property tax rates in Dickey County? | Contact the County Assessor's Office or visit the county website |
Homestead exemptions in Dickey County ?
In Dickey County, North Dakota, there are a variety of Homestead exemptions and deductions that residents may be eligible for. These exemptions and deductions can help reduce property taxes and provide financial relief to homeowners. Here is a breakdown of the different exemptions and deductions available in Dickey County:
Homestead Exemptions
| Exemption Name | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Must be a permanent resident of North Dakota and occupy the property as their primary residence on November 1 of the previous year. | Up to $6,000 | Applies to the assessed value of the property |
| Disabled Veterans' Homestead Exemption | Must be a veteran with a service-connected disability and use the property as their primary residence. | Up to $120,000 | Applies to the assessed value of the property |
| Paraplegic Homestead Exemption | Must be a paraplegic and use the property as their primary residence. | Up to $120,000 | Applies to the assessed value of the property |
| Senior Citizen Homestead Credit | Must be at least 65 years old and have a household income below a certain level. | Up to $6,750 | Applies to the taxable value of the property |
Homestead Deductions
| Deduction Name | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Property Tax Credit | Must be a homeowner and have a household income below a certain level. | Up to $400 | Applies to the property tax bill |
| Property Tax Credit for Disabled Individuals | Must be a homeowner and have a disability that makes it difficult to work. | Up to $400 | Applies to the property tax bill |
| Property Tax Credit for Agricultural Land | Must own agricultural land that is actively farmed. | Up to $500 | Applies to the property tax bill |
It is important to note that eligibility requirements and exemption amounts may vary by county and can be subject to change. Homeowners in Dickey County should contact their local assessor's office for more information on these exemptions and deductions.
When is Dickey County Property Tax due ?
Dickey County Property Tax is typically due on March 1st of every year. However, if March 1st falls on a weekend or holiday, the due date will be the next business day. The payment methods available for Dickey County Property Tax are:
| Payment Method | Description |
|---|---|
| Taxpayers can mail their payment to the Dickey County Treasurer's Office using a check or money order. The payment must be postmarked on or before March 1st to avoid penalties and interest. | |
| In-Person | Taxpayers can make their payment in-person at the Dickey County Treasurer's Office using cash, check, or money order. The office is located at 309 N 2nd St, Ellendale, ND 58436, and is open Monday to Friday, from 8:00 AM to 5:00 PM. |
| Online | Taxpayers can pay their property tax online through the Dickey County website. Payments can be made using a credit card, debit card, or electronic check. There is a convenience fee for this service. |
It is important to note that if a taxpayer fails to pay their property tax on time, penalties and interest will accrue. Therefore, it is recommended to make the payment on or before the due date to avoid these additional charges.
If you have more questions - contact your local tax collector.
How is Dickey County Property Tax penalty calculated ?
Dickey County Property Tax penalty is calculated based on the amount of unpaid tax and the length of time it remains unpaid. The penalty is added on top of the initial tax amount and accrues on a monthly basis until the full amount is paid.
Here is an example to help illustrate how the penalty is calculated:
Assume that John owns a property in Dickey County with an assessed value of $100,000. The property tax rate for Dickey County is 1%, meaning that John owes $1,000 in property tax for the year.
If John fails to pay his property tax by the due date of September 1st, he will incur a penalty of 5% on the unpaid balance. So if he pays his tax on October 1st, he will owe an additional $50 (5% of $1,000).
If John still hasn't paid his tax by November 1st, he will incur another 5% penalty on the unpaid balance plus the first penalty. So his new balance will be $1,050 ($1,000 initial tax + $50 first penalty + $50 second penalty).
The penalty will continue to accrue at a rate of 5% per month until the full amount is paid.
To summarize, the Dickey County Property Tax penalty is calculated as follows:
- Unpaid balance is assessed a 5% penalty on the due date
- Penalty accrues at a rate of 5% per month until the full amount is paid
| Property Tax Due Date | Amount Owed | Penalty | Total Amount Due |
|---|---|---|---|
| September 1st | $1,000 | $0 | $1,000 |
| October 1st | $1,000 | $50 | $1,050 |
| November 1st | $1,000 | $100 | $1,100 |
| December 1st | $1,000 | $150 | $1,150 |
It is important for property owners in Dickey County to pay their property tax on time to avoid incurring penalties and additional fees.
We recommend contacting the Dickey County Tax Office or a local tax professional for the most up-to-date and accurate information.