Example of Golden Valley County Property Tax Calculation
Golden Valley County calculates property tax based on the assessed value of the property. To determine the assessed value, the county assessor evaluates the property's characteristics such as location, size, age, and condition. Once the assessed value has been established, the county applies a tax rate to calculate the property tax.
For example, if a property in Golden Valley County has an assessed value of $100,000 and the tax rate is 1%, the property tax would be $1,000. Property taxes are used to fund local services such as schools, road maintenance, and law enforcement.
It's important to note that property tax rates and assessments can vary depending on the county and state. Homeowners should check with their local county assessor's office for specific information on property tax calculations in their area.
If you want appeal your property tax assessment - contact your local tax assessor.
Golden Valley County Property Tax Rates
Here is a table listing the Golden Valley County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Residential | $8.21 |
| Agricultural | $7.89 |
| Commercial | $11.56 |
| Industrial | $10.94 |
Please note that these rates may vary depending on the specific property and any exemptions that may apply. It's always best to consult with a qualified tax professional for personalized advice regarding property taxes.
Who sets property tax rates in Golden Valley County ?
Who sets property tax rates in Golden Valley County?
- The Golden Valley County Board of Commissioners is responsible for setting property tax rates in the county.
When are property tax rates set in Golden Valley County?
- Property tax rates are set annually by the board of commissioners, typically during a meeting in late summer or early fall.
Factors considered when setting property tax rates in Golden Valley County:
| Factor | Description |
|---|---|
| Budget | The county's budget for the upcoming year is a primary consideration in setting property tax rates. The county needs to raise enough revenue to cover expenses and provide services. |
| Property values | The assessed value of properties in the county can impact tax rates. Higher property values can result in lower tax rates. |
| Tax base | The county's tax base, which includes both residential and commercial properties, can also impact tax rates. A larger tax base may result in lower rates. |
| State laws | The state of North Dakota sets guidelines for property taxation, which the county must follow when setting rates. |
| Public input | The county may hold public hearings to gather input from residents before setting tax rates. This can help ensure that rates are reasonable and fair. |
Homestead exemptions in Golden Valley County ?
To help residents of Golden Valley County in North Dakota navigate their homestead exemptions and deductions, here is a table outlining the available options:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead | Primary residence | 100% of assessed value | Must be filed by February 1st |
| Disabled | Disabled individual | Up to $120,000 of assessed value | Must provide proof of disability |
| Veterans | Veterans or their surviving spouse | Up to $120,000 of assessed value | Must provide proof of military service |
| Agricultural | Agricultural property | Up to $100,000 of assessed value | Must meet certain qualifications and be filed by February 1st |
It's important to note that some of these exemptions and deductions may not be available in other counties or states, so be sure to check with your local government for more information. Additionally, it's crucial to file for these exemptions and deductions by the designated deadline in order to take advantage of the savings.
When is Golden Valley County Property Tax due ?
Golden Valley County Property Tax is typically due by March 1st of every year, according to the Golden Valley County Treasurer's Office. It is important to note that payments made after this deadline may result in penalties and interest charges.
There are various payment methods that taxpayers can use to pay their property taxes in Golden Valley County. These methods include:
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Online Payment: Taxpayers can pay their property taxes online through the Golden Valley County Treasurer's website. This payment method allows taxpayers to make payments using their credit/debit cards or e-checks.
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Mail: Taxpayers can also mail their property tax payments to the Golden Valley County Treasurer's Office. The payment should be sent to the address provided on the tax bill.
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In-person: Taxpayers can make their property tax payments in-person by visiting the Golden Valley County Treasurer's Office during business hours. Payments can be made using cash, check, or money orders.
It is important to keep in mind that the payment methods may vary depending on the county. Taxpayers are advised to check with their county treasurer's office for more specific payment options.
If you have more questions - contact your local tax collector.
How is Golden Valley County Property Tax penalty calculated ?
Golden Valley County calculates property tax penalties based on the amount of unpaid taxes and the number of days they remain unpaid. The penalty rate is set at 2% per month, or part of a month, until the taxes are paid in full. This means that if a property owner has $10,000 in unpaid property taxes and the taxes are 30 days past due, the penalty would be $200 (2% of $10,000 for one month).
To make it easier to understand, here is an example of how the Golden Valley County Property Tax penalty would be calculated for a property owner who has $5,000 in unpaid property taxes and the taxes are 60 days past due:
| Unpaid Taxes | Penalty Rate | Days Late | Penalty Amount |
|---|---|---|---|
| $5,000 | 2% per month | 60 | $200 |
As shown in the table, the property owner would owe a penalty of $200 (2% of $5,000 for two months) in addition to the unpaid taxes.
It's important for property owners to pay their taxes on time to avoid penalty fees and other consequences, such as interest charges and liens on their property. In cases of financial hardship, property owners may be able to arrange a payment plan with Golden Valley County to get back on track with their tax obligations.
We recommend contacting the Golden Valley County Tax Office or a local tax professional for the most up-to-date and accurate information.