Example of Hitchcock County Property Tax Calculation
In Hitchcock County, property tax is calculated based on the assessed value of the property. The tax rate is determined by a combination of the county, city, and school district mill levies.
To calculate the property tax, the assessed value of the property is multiplied by the total mill levy. For example, if the assessed value of a property is $100,000 and the total mill levy is 100, the property tax would be $10,000 ($100,000 x 0.1).
It is important to note that property taxes are due annually and failure to pay can result in penalties and interest charges. It is recommended to consult with a tax professional or the county assessor's office for specific information on property tax in Hitchcock County.
If you want appeal your property tax assessment - contact your local tax assessor.
Hitchcock County Property Tax Rates
The following table lists the property tax rates for Hitchcock County in US dollars per 100$ of assessed value:
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| County General | 0.4260 |
| County Agricultural Society | 0.0050 |
| County Handicapped Services | 0.0050 |
| County Roads | 0.0500 |
| County Schools | 0.4690 |
| County Extension | 0.0175 |
| Total | 0.9725 |
It's important to note that these rates are subject to change based on local legislation and budgetary decisions. Taxpayers are encouraged to stay informed about any updates or changes to property tax rates in Hitchcock County.
Who sets property tax rates in Hitchcock County ?
The property tax rates in Hitchcock County, located in the state of Nebraska, are set by the county board of commissioners. These rates are typically set annually and apply to all property owners within the county. It is important to note that property tax rates can vary depending on the location and value of the property.
Here is a quick summary in a table format:
| What? | Who sets? | Where? |
|---|---|---|
| Property tax rates | County board of commissioners | Hitchcock County, Nebraska |
Homestead exemptions in Hitchcock County ?
To help homeowners in Hitchcock County, Nebraska, take advantage of all available tax deductions and exemptions, we've compiled a list of county-specific Homestead exemptions and deductions. Below is a table with four columns: exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead exemption | Owner-occupied homes as of January 1st | $3,000 | Applied to the first $25,000 of the home's assessed value |
| Senior exemption | Age 65 or older as of January 1st | $40,000 or 100% of the home's value, whichever is less | Applied to the first $50,000 of the home's assessed value |
| Disabled veteran exemption | Honorably discharged veterans with a service-connected disability of 50% or more | Up to $70,000 | Applied to the home's assessed value |
| Military exemption | Active duty military personnel or immediate family members | Up to $2,500 | Applied to the first $20,000 of the home's assessed value |
| Agricultural exemption | Agricultural land that meets certain requirements | Up to 75% reduction | Applied to the assessed value of the land |
| Personal property | All personal property owned and used exclusively for agricultural purposes | Exempt | No further action required |
It's important to note that eligibility requirements and exemption amounts may vary based on individual circumstances. Homeowners in Hitchcock County should consult with the County Assessor's office or a tax professional for specific information regarding their property. With these exemptions and deductions, residents can potentially save thousands of dollars on their property taxes.
When is Hitchcock County Property Tax due ?
Hitchcock County Property Tax is typically due on December 31st of each year. It is important to note that failure to pay by the due date can result in late fees and penalties.
To make a payment, taxpayers have several options. They can choose to pay in person at the Hitchcock County Treasurer's Office or through the mail with a personal check, cashier's check or money order. Additionally, taxpayers can pay online through the official Hitchcock County website using a credit card, debit card, or electronic check.
| Payment Method | Accepted Forms of Payment |
|---|---|
| In Person | Personal check, cashier's check, money order |
| Personal check, cashier's check, money order | |
| Online | Credit card, debit card, electronic check |
Regardless of the chosen payment method, taxpayers should make sure to include their tax bill and account number when submitting payment. Additionally, they should allow enough time for processing to ensure timely receipt by the due date.
If you have more questions - contact your local tax collector.
How is Hitchcock County Property Tax penalty calculated ?
Hitchcock County Property Tax Penalty Calculation
Property taxes are collected to support the local government's operations, including public schools, law enforcement, and road maintenance. Failure to pay property taxes on time can result in penalties and interest charges, which can add up quickly. Hitchcock County uses a simple formula to calculate its property tax penalty, which is as follows:
- On the first day after the due date, a late penalty of 2% of the unpaid taxes is added.
- On the 15th day after the due date, an additional penalty of 3% of the unpaid taxes is added.
- On the 30th day after the due date, an additional penalty of 5% of the unpaid taxes is added.
- On the 45th day after the due date, an additional penalty of 7% of the unpaid taxes is added.
- On the 60th day after the due date, an additional penalty of 10% of the unpaid taxes is added.
- After 60 days, interest begins to accrue at a rate of 1% per month.
Here's an example of how the penalty is calculated:
Let's say that John owns a property in Hitchcock County and owes $10,000 in property taxes, with a due date of January 1st. However, he doesn't pay on time and misses the due date. Here's how the penalties will be calculated:
- On February 2nd (one day after the due date), a late penalty of 2% of $10,000 ($200) is added, bringing the total amount due to $10,200.
- On February 16th (15 days after the due date), an additional penalty of 3% of $10,000 ($300) is added, bringing the total amount due to $10,500.
- On March 3rd (30 days after the due date), an additional penalty of 5% of $10,000 ($500) is added, bringing the total amount due to $11,000.
- On March 18th (45 days after the due date), an additional penalty of 7% of $10,000 ($700) is added, bringing the total amount due to $11,700.
- On April 2nd (60 days after the due date), an additional penalty of 10% of $10,000 ($1,000) is added, bringing the total amount due to $12,700.
If John still doesn't pay after 60 days, interest will begin to accrue at a rate of 1% per month, which will further increase the amount he owes.
It's important to pay property taxes on time to avoid penalties and interest charges. If you're unable to pay in full, it's recommended to contact the county treasurer's office to discuss payment options.
We recommend contacting the Hitchcock County Tax Office or a local tax professional for the most up-to-date and accurate information.