Example of Granite County Property Tax Calculation
Granite County calculates property tax based on the assessed value of the property. To determine the assessed value, the county assessors use information such as the size of the property, location, and improvements made to the property.
Once the assessed value is determined, the county applies a tax rate to calculate the property tax owed. For example, if the assessed value of a property is $100,000 and the tax rate is 1.5%, the property tax owed would be $1,500.
It is important for property owners to pay their property taxes on time to avoid penalties and interest charges. Additionally, property owners should review their property tax statements to ensure accuracy and address any discrepancies with the county assessors.
Overall, understanding how property tax is calculated in Granite County is important for property owners to effectively manage their finances and comply with local tax laws.
If you want appeal your property tax assessment - contact your local tax assessor.
Granite County Property Tax Rates
The Granite County Property Tax rates as of 2021 are listed in the table below.
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General | $1.50 |
| Fire | $0.50 |
| School | $2.00 |
| Library | $0.25 |
Please note that these rates may vary depending on the specific property location and any applicable exemptions. It is recommended to consult with a qualified tax professional for accurate and personalized advice.
Who sets property tax rates in Granite County ?
Who sets property tax rates in Granite County?
The Granite County Board of Commissioners sets property tax rates in Granite County.
When are property tax rates set in Granite County?
Property tax rates in Granite County are typically set annually in late summer or early fall. The specific date may vary from year to year. It is recommended to check with the Granite County Board of Commissioners for the most up-to-date information on property tax rate setting.
When is Granite County Property Tax due ?
In Granite County, the property tax is typically due on November 30th of each year. There are several payment methods available for taxpayers to make their payments on time. These payment methods are as follows:
| Payment Method | Description |
|---|---|
| Online Payment | Taxpayers can use the county's official website to make their payment online. This method accepts credit/debit cards and e-checks. |
| Mail-in Payment | Taxpayers can also mail in their payment to the county's tax collection department. The payment must be postmarked by November 30th. |
| In-person Payment | Taxpayers can physically visit the county's tax collection office and pay their property tax in person. The office is open on weekdays from 8:00 am to 4:30 pm. |
To avoid any late fees or penalties, it is recommended that taxpayers make their property tax payment on time. Additionally, if you have any questions or concerns regarding the payment process, please contact the Granite County tax collection office for further assistance.
If you have more questions - contact your local tax collector.
Homestead exemptions in Granite County ?
A table with columns for exemption, eligibility, amount, and notes would be a helpful reference for Granite County residents seeking to take advantage of Homestead exemptions and deductions. Here are some of the most common county-specific exemptions and deductions to include in the table:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Senior or Disabled Exemption | Age 62+ or disabled | $5000 | Must have lived in primary residence for at least 7 years |
| Agricultural Land Classification | Property used for agriculture | Varies | Must meet specific criteria and be approved by county assessor |
| Military Exemption | Active duty military personnel | Varies | Must apply annually and meet eligibility requirements |
| Veteran's Exemption | Honorably discharged veterans | $1000 | Must have served during wartime |
| First Responder Property Tax Relief | Active first responders | Varies | Must apply annually and meet eligibility requirements |
| School District Levy Reduction | All residents | Varies | Reduces property taxes by a set amount each year |
Note that some of these exemptions may require additional documentation or an application process. Residents are encouraged to contact the Granite County Assessor's Office for more information and assistance in applying for exemptions and deductions.
How is Granite County Property Tax penalty calculated ?
Granite County calculates property tax penalties based on the amount of unpaid taxes and the number of days past the due date. Here is an example to help illustrate how the penalty is calculated:
Assume that the property tax bill for a property in Granite County is $2,000 and the due date is July 1. If the property owner fails to pay the bill by the due date and waits until August 15 to make the payment, the penalty calculation would be as follows:
- Unpaid taxes: $2,000
- Penalty rate: 1.5% per month (or 18% per year)
- Number of months late: 1.5 (since the payment is 45 days late)
- Penalty amount: $2,000 x 1.5% x 1.5 = $45
Therefore, the total amount due would be $2,045 ($2,000 + $45 penalty).
It is important for property owners to pay their property taxes on time to avoid penalties and potential legal action. Granite County offers multiple payment options and deadlines to help ensure property owners can make timely payments.
We recommend contacting the Granite County Tax Office or a local tax professional for the most up-to-date and accurate information.