Example of Divide County Property Tax Calculation
Divide County calculates property taxes by multiplying the assessed value of the property by the current mill rate. The assessed value is determined by the county assessor and is based on the market value of the property.
For example, if a property has an assessed value of $100,000 and the current mill rate is 50 mills, the property tax would be calculated as follows:
$100,000 assessed value x 0.050 (50 mills divided by 1,000) = $5,000 property tax
It's important to note that property tax rates can vary depending on the location and type of property. Homeowners may also be eligible for certain tax exemptions or deductions, which can lower their overall tax bill.
If you want appeal your property tax assessment - contact your local tax assessor.
Divide County Property Tax Rates
Here is the table of Divide County Property Tax rates, with the tax and rate per 100$ of assessed value, in a formatted table using markdown:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Residential | 5.968% |
| Commercial | 6.264% |
| Agricultural | 4.989% |
| Industrial | 6.264% |
| Personal | 6.264% |
Note: These rates are subject to change and may vary depending on specific property characteristics and location within the county. It is always recommended to consult with a professional tax advisor for specific and up-to-date information on property tax rates.
Who sets property tax rates in Divide County ?
Who sets property tax rates in Divide County? The property tax rates in Divide County, located in North Dakota, are set by the County Board of Commissioners. This five-member elected board is responsible for all county-related matters, including setting the property tax rates.
When are property tax rates set in Divide County? Divide County's property tax rates are typically set on an annual basis. The County Board of Commissioners reviews and approves the property tax rates in the fall of each year. Property owners in Divide County generally receive their tax bills in early December.
How are property tax rates determined in Divide County? The property tax rates in Divide County are determined by taking into account several factors, including:
- The county's budget needs for the upcoming year
- The assessed value of all taxable property in the county
- The tax levy rate needed to generate the necessary revenue to meet the county's budget
Once these factors are considered, the County Board of Commissioners votes on the new property tax rates for the year.
Conclusion In short, the County Board of Commissioners sets the property tax rates in Divide County on an annual basis, taking into account the county's budget needs and the assessed value of taxable property. Property owners in Divide County can expect to receive their tax bills in early December each year.
Homestead exemptions in Divide County ?
Divide County, located in North Dakota, offers various Homestead exemptions and deductions to eligible residents. Here are the details of each exemption along with eligibility criteria, amount, and notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Claimant must be a North Dakota resident and occupy property as their primary residence. | $400 | Must be filed by February 1st of each year. |
| Disabled Veterans | Claimant must be a veteran with a disability rating of 50% or greater, and must have been honorably discharged. | Varies based on percentage of disability. | Must provide proof of disability and honorable discharge. |
| Blind or Disabled | Claimant must be legally blind, or have a disability that prevents them from earning a living. | $5,000 | Must provide proof of disability. |
| Elderly or Disabled | Claimant must be 65 years or older, or have a permanent disability as defined by the Social Security Administration. | Varies based on income and disability. | Must provide proof of age or disability. |
| Agricultural | Claimant must own and operate agricultural land. | Varies based on acreage and soil productivity. | Must meet qualifications set by the State Board of Equalization. |
It's important to note that each exemption has its own set of criteria and filing requirements, so it's best to consult with the county assessor's office for more information.
When is Divide County Property Tax due ?
Divide County Property Tax is typically due on December 31st every year.
There are several payment methods available for taxpayers to make their property tax payments:
| Payment Method | Description |
|---|---|
| Online | Taxpayers can make their property tax payments online through the Divide County website using a credit/debit card or eCheck. |
| Taxpayers can also mail their payment to the Divide County Treasurer's office. | |
| In-Person | Taxpayers can visit the Divide County Treasurer's office and make their payment in person. |
| Automatic Withdrawal | Taxpayers can sign up for an automatic withdrawal program, where the payment is deducted from their bank account on a monthly basis. |
It is important to note that late payments may incur penalties and interest charges, so it is advised to make the payment on time. If there are any questions or concerns regarding the payment process, taxpayers can contact the Divide County Treasurer's office for assistance.
If you have more questions - contact your local tax collector.
How is Divide County Property Tax penalty calculated ?
Divide County Property Tax Penalty Calculation
Divide County in North Dakota assesses a penalty on delinquent property taxes. The penalty is calculated based on the amount of unpaid taxes and the number of years the taxes remain unpaid. In general, the penalty is 5% of the unpaid taxes for the first year and an additional 2% for each subsequent year.
To better understand how the penalty is calculated, consider the following example:
| Year | Unpaid Taxes | Penalty |
|---|---|---|
| 2019 | $1,000 | $50 |
| 2020 | $1,000 | $70 |
| 2021 | $1,000 | $90 |
In this scenario, the property owner did not pay their taxes in 2019, resulting in a 5% penalty of $50 added to their bill. The owner still did not pay their taxes in 2020, adding an additional 2% penalty of $20 to their bill, for a total penalty of $70. Finally, in 2021, the owner still did not pay their taxes, resulting in another 2% penalty of $20, for a total penalty of $90.
It is important for property owners in Divide County to pay their taxes on time to avoid accruing penalties. If a property owner is unable to pay their taxes on time, they should contact the county treasurer's office as soon as possible to discuss payment options and potentially avoid additional penalties.
We recommend contacting the Divide County Tax Office or a local tax professional for the most up-to-date and accurate information.