Example of Furnas County Property Tax Calculation
Furnas County calculates property taxes based on the assessed value of the property. To determine the assessed value, the county assessor evaluates the property and assigns a value based on its market value and any improvements made to the property.
Once the assessed value is determined, the county applies a tax rate to calculate the property tax amount. For example, if the assessed value of a property is $100,000 and the county tax rate is 1%, the property tax amount would be $1,000.
It's important to note that property taxes in Furnas County may also include additional taxes for special districts or levies for specific purposes such as schools or fire departments.
Property owners in Furnas County typically receive their tax bill in November and have until the end of December to pay their taxes. Failure to pay property taxes on time can result in penalties and interest charges.
Overall, property tax calculations in Furnas County are based on the assessed value of the property and the applicable tax rate.
If you want appeal your property tax assessment - contact your local tax assessor.
Furnas County Property Tax Rates
The Furnas County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.4314 |
| Road Improvement | $0.1105 |
| School District | $1.0353 |
| ESU #11 | $0.0318 |
| NRD General | $0.0325 |
| NRD Bond | $0.0032 |
It is important to note that these rates are subject to change and may vary depending on the specific property and its location within Furnas County. Taxpayers should consult with a licensed tax professional for specific information about their individual tax liabilities.
Who sets property tax rates in Furnas County ?
Property tax rates in Furnas County are set by the County Board of Supervisors. This board is made up of elected officials who meet regularly to discuss and make decisions related to county affairs, including tax rates. Typically, property tax rates are set during the board's annual budgeting process, which takes place in the fall of each year. During this process, the board reviews the county's financial needs, including funding for various services and infrastructure projects, and determines the appropriate property tax rate to generate the necessary revenue. Property tax rates are then published and applied to property owners' assessed values, typically due twice per year in installments. Overall, property tax rates in Furnas County are an important revenue source for the county and play a critical role in funding local government services and programs.
Homestead exemptions in Furnas County ?
In Furnas County, Nebraska, there are various Homestead exemptions and deductions available for eligible homeowners. Here are the details of each of them:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead exemption | Homeowners who reside in their primary residence in Furnas County | Up to $40,000 | The exemption reduces the taxable value of the property by $40,000 |
| Disabled veterans exemption | Disabled veterans who have a disability rating of at least 50% | Up to $70,000 | The exemption reduces the taxable value of the property by $70,000 |
| Military exemption | Military personnel who are serving on active duty and are stationed outside of Nebraska | Up to $40,000 | The exemption reduces the taxable value of the property by $40,000 |
| Personal property exemption | Property owners who own and occupy their primary residence and don't own any other taxable personal property in Nebraska | Up to $2,500 | The exemption reduces the taxable value of personal property by $2,500 |
It's important to note that each exemption has specific eligibility criteria which must be met in order to qualify for them. Additionally, homeowners can only apply for one exemption per property.
If you have any questions or wish to apply for an exemption, please contact the Furnas County Assessor's office.
When is Furnas County Property Tax due ?
Furnas County Property Tax is typically due on December 31st of each year. Property owners in Furnas County are required to pay their property taxes by this deadline to avoid penalties and interest fees.
There are several payment methods available for paying property taxes in Furnas County. These include:
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In-person payments: Property owners can visit the Furnas County Treasurer's Office to pay their property taxes in person. The office is located at 912 R Street in Beaver City, Nebraska.
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Mail-in payments: Property owners can also mail their payment to the Furnas County Treasurer's Office. The mailing address is P.O. Box 307, Beaver City, NE 68926. Payment must be postmarked by December 31st to be considered on-time.
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Online payments: Property owners can pay their property taxes online through the Nebraska.gov website. This service is available 24/7 and accepts major credit cards and electronic checks. A processing fee will apply.
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Automatic payments: Property owners can also set up automatic payments through their bank. This service automatically deducts the property tax amount from their bank account on an agreed-upon date.
It is recommended that property owners pay their taxes early to avoid last-minute rushes and potential payment processing delays. Failure to pay property taxes on time can result in penalties, interest fees, and even foreclosure of the property.
If you have more questions - contact your local tax collector.
How is Furnas County Property Tax penalty calculated ?
Furnas County Property Tax Penalty Calculation
In Furnas County, Nebraska, property taxes are due on December 31st of each year. If the taxes are not paid by that date, penalties will be added to the amount owed. The penalty is calculated based on the amount of taxes owed and the length of time they are overdue.
The penalty structure for Furnas County is as follows:
- On January 1st, a penalty of 1% of the tax amount is added to the balance due
- On February 1st, an additional 1% penalty is added
- On March 1st, an additional 1% penalty is added
- On April 1st, an additional 1% penalty is added
- On May 1st, an additional 1% penalty is added
- On June 1st, an additional 1% penalty is added
- On July 1st, an additional 1% penalty is added
- On August 1st, an additional 1% penalty is added
- On September 1st, an additional 1% penalty is added
- On October 1st, an additional 1% penalty is added
- On November 1st, an additional 1% penalty is added
- On December 1st, an additional 1% penalty is added
Here is an example calculation for a property with a tax amount of $1,000 that is not paid by the December 31st due date:
| Date | Penalty Added | Total Penalty | Total Owed |
|---|---|---|---|
| January 1st | $10.00 | $10.00 | $1,010.00 |
| February 1st | $10.00 | $20.00 | $1,020.00 |
| March 1st | $10.00 | $30.00 | $1,030.00 |
| April 1st | $10.00 | $40.00 | $1,040.00 |
| May 1st | $10.00 | $50.00 | $1,050.00 |
| June 1st | $10.00 | $60.00 | $1,060.00 |
| July 1st | $10.00 | $70.00 | $1,070.00 |
| August 1st | $10.00 | $80.00 | $1,080.00 |
| September 1st | $10.00 | $90.00 | $1,090.00 |
| October 1st | $10.00 | $100.00 | $1,100.00 |
| November 1st | $10.00 | $110.00 | $1,110.00 |
| December 1st | $10.00 | $120.00 | $1,120.00 |
As you can see from the example, the penalty for not paying property taxes on time can add up quickly. It is important to stay on top of property tax payments to avoid unnecessary fees and charges.
We recommend contacting the Furnas County Tax Office or a local tax professional for the most up-to-date and accurate information.