Example of Guthrie County Property Tax Calculation
Guthrie County calculates property tax based on the assessed value of the property. The assessed value is determined by the county assessor's office and is equal to the property's market value.
To calculate the property tax, the assessed value is multiplied by the tax rate. The tax rate is determined by the county board of supervisors and varies depending on the location and type of property.
For example, if a property in Guthrie County has an assessed value of $100,000 and the tax rate is 2%, the property tax would be $2,000 ($100,000 x 0.02). This amount is then distributed among the various taxing entities in the county, such as schools, cities, and the county government.
It is important to note that property taxes are due annually and failure to pay can result in penalties and interest charges. Property owners should consult with their local county assessor's office or tax collector for more information about their specific property tax obligations.
If you want appeal your property tax assessment - contact your local tax assessor.
Guthrie County Property Tax Rates
The following table lists the Guthrie County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $7.41 |
| City of Adair | $17.03 |
| City of Bagley | $16.73 |
| City of Bayard | $18.03 |
| City of Casey | $16.38 |
| City of Guthrie Center | $16.70 |
| City of Jamaica | $17.71 |
| City of Menlo | $16.94 |
| City of Panora | $19.15 |
| City of Stuart | $16.90 |
Please note that these rates are subject to change and may vary depending on individual circumstances. It is important to consult a qualified tax advisor for specific advice on your situation.
Who sets property tax rates in Guthrie County ?
Who Sets Property Tax Rates in Guthrie County?
In Guthrie County, property tax rates are set by the County Board of Supervisors. This is a group of elected officials who oversee various county operations, including setting property tax rates.
The Board of Supervisors typically sets property tax rates annually during a public meeting. They take into account the county's budget, as well as any changes in assessed property values.
It's worth noting that while the Board of Supervisors sets the property tax rates, they do not determine the assessed value of individual properties. That responsibility falls on the Guthrie County Assessor's Office.
Overall, property tax rates in Guthrie County are used to fund various local services, such as schools, roads, and emergency services. Property owners in Guthrie County should expect to receive a statement of their property tax assessment and due date annually, and can contact the County Auditor's Office for any questions or concerns.
Homestead exemptions in Guthrie County ?
In Guthrie County, Iowa, there are various Homestead exemptions and deductions that residents may be eligible for. Below is a table that outlines the available exemptions, eligibility requirements, maximum amounts, and any additional notes to keep in mind.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Credit | Must be a resident of Iowa and occupy the property as their primary residence on July 1st of the assessment year | Maximum credit of $4,850 | Must file a claim with the county assessor by July 1st |
| Military Exemption | Must be an honorably discharged veteran or their surviving spouse, must have owned the property on July 1st of the assessment year, and must occupy the property as their primary residence | Maximum exemption of $1,852.50 | Must provide proof of eligibility to the county assessor |
| Disabled Veteran Exemption | Must be a veteran with a 100% service-connected disability or their surviving spouse, must have owned the property on July 1st of the assessment year, and must occupy the property as their primary residence | Maximum exemption of $1,852.50 | Must provide proof of eligibility to the county assessor |
| Homestead Exemption for Elderly or Disabled | Must be at least 65 years old or totally and permanently disabled, must have owned the property on July 1st of the assessment year, and must occupy the property as their primary residence | Maximum exemption of $4,000 | Must file a claim with the county assessor by July 1st |
| Family Farm Exemption | Must be actively engaged in farming, must own at least 40 acres of agricultural land, and must have an estimated gross income of at least $2,500 from farming operations | Maximum exemption of $4,850 | Must file a claim with the county assessor by November 1st |
It's important to note that eligibility and amounts may vary depending on individual circumstances and annual changes to state and county laws. Residents should consult with the Guthrie County Assessor's Office for the most up-to-date information and assistance with filing exemption claims.
When is Guthrie County Property Tax due ?
According to the Guthrie County Treasurer's website, property taxes are due on September 1st of each year. If the deadline falls on a weekend or holiday, the payment is due the following business day.
There are several ways to submit payment for property taxes. The following methods are accepted:
- Mail: Payments can be mailed to the Guthrie County Treasurer's Office at the address listed on the tax statement. The payment must be postmarked by the due date.
- In-person: Payments can be made in-person at the Guthrie County Treasurer's Office during business hours. The office is located at the Guthrie County Courthouse.
- Online: Payments can be made online using a credit or debit card through the Iowa Property Tax Online website. A convenience fee applies.
It is important to note that if payment is not received by the due date, a penalty will be assessed. If you are unable to make the payment in full, you may be eligible for a payment plan. Please contact the Guthrie County Treasurer's Office for more information.
If you have more questions - contact your local tax collector.
How is Guthrie County Property Tax penalty calculated ?
Guthrie County Property Tax Penalty Calculation
Here is a simple explanation of how Guthrie County calculates property tax penalties:
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Due Date: Property taxes are due on September 30th.
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Penalty Date: If taxes are not paid by September 30th, a penalty of 1.5% per month (18% per year) is added on the first day of each month.
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Example: Let's say John owns a property in Guthrie County with a tax bill of $1,000. If John does not pay his taxes by September 30th, on October 1st, a penalty of $15 (1.5% of $1,000) will be added to his bill. If he still doesn't pay by November 1st, another $15 penalty will be added, bringing his total to $1,030 ($1,000 + $15 + $15).
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Delinquent Tax List: After April 1st of the following year, any unpaid taxes are considered delinquent and will be published in the Guthrie County Delinquent Tax List.
It is important to note that property taxes are mandatory, and failure to pay can result in additional fees, interest, or even foreclosure. If you have any questions or concerns about your property taxes, contact the Guthrie County Treasurer's office for assistance.
We recommend contacting the Guthrie County Tax Office or a local tax professional for the most up-to-date and accurate information.