Example of Grand County Property Tax Calculation
Property taxes in Grand County, USA, are calculated based on the assessed value of the property. For example, if a property is assessed at $200,000, and the tax rate is 2%, the annual property tax would be $4,000. The tax rate is determined by the local government and can vary depending on the location and other factors. The property owner is responsible for paying the property taxes each year, which are used to fund local services such as schools, roads, and emergency services. If property owners fail to pay their property taxes, their property may be sold at a public auction to cover the outstanding amount owed.
If you want appeal your property tax assessment - contact your local tax assessor.
Grand County Property Tax Rates
Here is a table listing the Grand County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Residential | $1.2350 |
| Non-Residential | $2.0894 |
| Agricultural | $0.9721 |
| Personal Property | $2.0894 |
As you can see, the tax rates vary depending on the type of property being taxed. The residential tax rate is the lowest at $1.2350 per $100 of assessed value, while the non-residential and personal property tax rates are the highest at $2.0894 per $100 of assessed value. The agricultural tax rate falls in between at $0.9721 per $100 of assessed value. It is important to keep these rates in mind when budgeting for property taxes in Grand County.
Who sets property tax rates in Grand County ?
In Grand County, property tax rates are set by the Board of County Commissioners. The rates are established annually and are based on the county's budgetary needs for services such as education, public safety, and infrastructure. The County Assessor determines the value of each property, which is then multiplied by the tax rate to calculate the property tax owed. It is important for property owners to understand the tax assessment process and to review their assessment for accuracy. Property tax bills are typically mailed out in January and are due by April 30th.
Homestead exemptions in Grand County ?
In Grand County, Utah, there are a variety of Homestead exemptions and deductions that may be available to eligible homeowners. Here is a breakdown of the options by column:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Property Tax Abatement | Available to qualifying low-income seniors and disabled individuals | Up to 100% of the county portion of property tax | Must apply each year |
| Veteran's Exemption | Available to veterans who were honorably discharged and meet certain criteria | Up to $1,000 off assessed value of property | Must provide proof of eligibility |
| Military Service Property Tax Exemption | Available to active-duty service members and their spouses | Exempts up to $240,000 of the property's value from taxation | Must provide proof of eligibility |
| Blind or Disabled Exemption | Available to individuals who are legally blind or have a qualifying disability | Up to $4,800 off assessed value of property | Must provide proof of disability |
| Primary Residence Exemption | Available to homeowners as a general exemption | Up to 45% reduction in assessed value of property | Must be primary residence |
It's important to note that eligibility and amounts may vary by county and situation, so homeowners should contact the Grand County Assessor's office for more information and to determine their eligibility. Overall, these Homestead exemptions and deductions can provide valuable relief for eligible homeowners in Grand County.
When is Grand County Property Tax due ?
Grand County property tax is typically due on June 15th each year. However, if the due date falls on a weekend or holiday, the payment will be due on the next business day.
Property owners can make their payment using several methods, including:
- Online: Grand County provides an online payment system where property owners can pay their taxes using a credit/debit card or electronic check.
- Mail: Property owners can also mail in their payment to the Grand County Treasurer's Office.
- In-person: Those who prefer to pay in-person can visit the Treasurer's Office during business hours and make their payment with cash, check, or credit/debit card.
It's important to note that late fees and interest will be charged for tax payments that are not received by the due date. Property owners who are unable to pay their property taxes in full can contact the Treasurer's Office to discuss payment plan options.
If you have more questions - contact your local tax collector.
How is Grand County Property Tax penalty calculated ?
Grand County calculates property tax penalties based on a percentage of the unpaid taxes. The penalty rate varies depending on the length of time the taxes remain unpaid. Here is an example of how the penalty is calculated:
| Time period | Penalty rate |
|---|---|
| First month | 1% |
| Second month | 1.5% |
| Third month | 2% |
For instance, a property owner has unpaid property taxes of $10,000 in Grand County. If the taxes are not paid within the first month, a penalty of 1% will be added to the unpaid taxes, making the total amount due $10,100. If the taxes remain unpaid for two months, the penalty rate will increase to 1.5%, and the total amount due will be $10,250 ($10,000 + $100 + $150). If the taxes are not paid within three months, the penalty rate will increase to 2%, and the total amount due will be $10,510 ($10,000 + $100 + $150 + $260).
It's essential to pay property taxes on time to avoid costly penalties in Grand County. Property owners can contact the Grand County Treasurer's Office for more information or questions about property taxes and penalties.
We recommend contacting the Grand County Tax Office or a local tax professional for the most up-to-date and accurate information.