Example of Gage County Property Tax Calculation
Gage County property tax calculation is determined by the value of the property and the tax rate set by local authorities. To calculate the property tax, the assessed value of the property is multiplied by the current tax rate. For example, if the assessed value of a property is $100,000 and the tax rate is 2%, the property tax would be $2,000 ($100,000 x 0.02).
It is important to note that property values and tax rates can vary by location and can change annually. Additionally, there may be additional taxes and fees applied to the property, such as special assessments or local improvement district charges. Understanding the property tax calculation process can help individuals better manage their finances and plan for the costs associated with owning property in Gage County.
If you want appeal your property tax assessment - contact your local tax assessor.
Gage County Property Tax Rates
The Gage County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.4144 |
| City of Beatrice | $0.5688 |
| City of Wymore | $0.5960 |
| City of Blue Springs | $0.6232 |
| City of Adams | $0.7008 |
| School District 15 | $1.1922 |
| School District 34 | $1.0176 |
| School District 36 | $1.0642 |
Please note that these rates are subject to change, and property owners should consult with a tax advisor for specific information on their property taxes.
Who sets property tax rates in Gage County ?
Property tax rates in Gage County, USA are determined by the Gage County Board of Supervisors. They set the tax rates annually during their regular board meetings in September. The tax is based on the assessed value of the property and its classification, and the revenue generated is used to fund local government services and infrastructure projects. Property owners in Gage County can contact the County Assessor's Office for more information on property assessment and tax rates.
| Who sets property tax rates in Gage County? | Gage County Board of Supervisors |
|---|---|
| When are property tax rates set in Gage County? | Annually during regular board meetings in September |
Homestead exemptions in Gage County ?
To assist Gage County residents in understanding Homestead exemptions and deductions, the following table outlines specific information for each category.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Any homeowner who occupies their home as their primary residence | $3,000 | Must apply by June 30th |
| Homestead Exemption for Disabled Veterans | Any veteran with a service-related disability who occupies their home as their primary residence | $40,000 | Must provide proof of disability |
| Homestead Exemption for Surviving Spouses of Veterans | Any surviving spouse of a veteran who was killed in action or died from a service-related disability | $25,000 | Must provide proof of marriage and death certificate |
| Homestead Exemption for Persons with Disabilities | Any homeowner who has a physical or mental disability and occupies their home as their primary residence | $10,000 | Must provide proof of disability |
| Agricultural Land Exemption | Any landowner who uses their land for agricultural purposes | Varies depending on acreage and use | Must provide proof of agricultural use |
Notes:
- It is important to note that eligibility requirements may vary for different exemption categories, so it is recommended to review the individual criteria thoroughly.
- Homestead exemptions and deductions may provide significant tax savings for homeowners, so it is encouraged to take advantage of them if eligible.
- Deadlines for applying for exemptions may vary, so it is important to adhere to them to avoid missing out on potential savings.
- For further information, individuals can visit the Gage County Assessor's office or website for more detailed information and applications.
When is Gage County Property Tax due ?
Gage County Property Tax is typically due on December 31st of each year. There are several payment methods available to taxpayers, including:
| Payment Method | Details |
|---|---|
| Online | Taxpayers can pay their property taxes online through the county's website. Accepted forms of payment include credit/debit cards and e-checks. |
| Taxpayers can mail their payments to the county treasurer's office. The address is typically listed on the property tax bill. | |
| In-Person | Taxpayers can make payments in person at the county treasurer's office during regular business hours. Accepted forms of payment may vary by location. |
It's important to note that late payments may incur penalties and interest, so it's best to submit payment by the due date. Additionally, if a taxpayer is unable to pay their property taxes in full by the deadline, they may be eligible for a payment plan. It's recommended to contact the county treasurer's office for more information on payment options.
If you have more questions - contact your local tax collector.
How is Gage County Property Tax penalty calculated ?
The Gage County Property Tax penalty is calculated based on a percentage of the unpaid taxes.
Here is an example:
Let's say John owns a property in Gage County and his property tax amount for the year is $2,000. The due date for payment was December 31st, but John failed to make the payment on time. In Gage County, the penalty for late payment is 1% of the unpaid taxes per month.
So, for January, John's penalty would be 1% of $2,000 which is $20. If John still hasn't paid by February, his penalty for that month would be 2% of $2,000 which is $40 ($20 for the first month and an additional $20 for the second month).
This table shows how the penalty would accumulate over the course of four months:
| Month | Total Penalty |
|---|---|
| Jan | $20 |
| Feb | $40 |
| Mar | $60 |
| Apr | $80 |
It's important to note that the penalty stops accruing once the taxes are paid in full. So, if John pays his taxes in full in March, he will only be responsible for the $60 penalty, not the full $80. It's always best to pay property taxes on time to avoid penalties and additional fees.
We recommend contacting the Gage County Tax Office or a local tax professional for the most up-to-date and accurate information.