Example of Jerauld County Property Tax Calculation
For Jerauld County property tax calculation, the county assesses the value of the property based on its market value every year. Once the value is determined, a tax rate is applied to calculate the property tax owed.
To give an example, let's say a property in Jerauld County has a market value of $150,000. The county's tax rate for the year is 1.5%. To calculate the property tax owed, we would multiply the market value by the tax rate:
$150,000 x 0.015 = $2,250
So the property owner would owe $2,250 in property taxes for that year.
It's important to note that property tax rates and assessments can vary year to year and by location within Jerauld County. Property owners can contact the Jerauld County Treasurer's office for more information and assistance in calculating their property taxes.
If you want appeal your property tax assessment - contact your local tax assessor.
Jerauld County Property Tax Rates
The Jerauld County Property Tax rates for the year 2021 are as follows:
| Tax | Rate per $100 of assessed value |
|---|---|
| Residential | $6.54 |
| Agricultural | $8.21 |
| Commercial | $10.54 |
| Industrial | $12.18 |
Please note that these rates are subject to change and may vary based on individual property assessments. It is recommended that property owners consult with a professional tax advisor for personalized advice.
Who sets property tax rates in Jerauld County ?
In Jerauld County, property tax rates are set by the county commissioners. The rates are typically set annually and are based on the county's budget needs and the assessed value of properties in the county. The commissioners take into consideration the input from the public and various stakeholders before finalizing the rates. It is important for property owners to stay informed about any changes to the tax rates as this can affect their financial planning.
Homestead exemptions in Jerauld County ?
Here is a table that includes all county-specific Homestead exemptions and deductions in Jerauld County, South Dakota:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Any homeowner | Up to $6,000 of assessed value | Applies to primary residence |
| Elderly and Disabled | Homeowners over 65 or with disabilities | Up to $4,000 of assessed value | Applies to primary residence |
| Disabled Veteran | Veterans with a disability rating of 100% | Full exemption of assessed value | Applies to primary residence |
| Surviving Spouse of Fallen Service Member | Spouse of service member who died in combat | Full exemption of assessed value | Applies to primary residence |
| Agricultural Land | Farmers and ranchers | Up to $1,500 of assessed value | Must be actively engaged in agriculture |
Note: These exemptions are subject to change and may have additional eligibility criteria or limitations. It is recommended to check with the Jerauld County website or assessor's office for the most up-to-date information.
When is Jerauld County Property Tax due ?
Jerauld County Property Tax Due Date and Payment Methods
Property taxes are an essential source of revenue for counties across the United States. If you own a property in Jerauld County, South Dakota, you are required to pay property taxes annually. Here's what you need to know about the due date and payment methods for Jerauld County property tax:
| Due Date | Payment Methods |
|---|---|
| April 30 | Online, Mail, In-Person |
Due Date Jerauld County property taxes are due on April 30th of each year. You must pay your property taxes by this date to avoid any late fees or penalties.
Payment Methods Jerauld County offers several payment methods for property taxes:
- Online: You can pay your property taxes online through the Jerauld County Treasurer's website. This method accepts credit/debit cards and e-checks.
- Mail: You can also pay your property taxes by mail. To do so, send a check or money order made payable to "Jerauld County Treasurer" to the following address: Jerauld County Treasurer 205 Wallace Ave. S. Wessington Springs, SD 57382
- In-Person: If you prefer to pay in person, you can visit the Jerauld County Treasurer's office located on the second floor of the courthouse in Wessington Springs.
It's important to note that if you are unable to pay your property taxes by the due date, you can arrange to pay them in installments. Contact the Jerauld County Treasurer's office to discuss your options.
In conclusion, Jerauld County property taxes are due on April 30th of each year, and you can pay them online, by mail, or in person at the county treasurer's office.
If you have more questions - contact your local tax collector.
How is Jerauld County Property Tax penalty calculated ?
Jerauld County, like many other counties in the USA, imposes penalties on delinquent property taxes. The penalty is calculated based on a fixed percentage of the unpaid taxes plus interest. Here's how it works:
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Penalty rate: Jerauld County has set a penalty rate of 2% per month on the unpaid taxes. This means that if a taxpayer fails to pay their property taxes on time, they will be charged an additional 2% penalty for each month that the taxes remain unpaid.
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Interest rate: In addition to the penalty, Jerauld County also charges interest on the unpaid taxes. The interest rate is currently set at 8% per year, which is compounded annually.
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Example: Let's say that John owns a property in Jerauld County and his property taxes for the year are $10,000. He fails to pay his taxes by the due date of January 31st, and the penalty starts accruing from February 1st onwards. If John doesn't pay the taxes until November 30th, he will owe:
- Penalty for 10 months = $10,000 x 2% x 10 = $2,000
- Interest for 10 months = $10,000 x 8% x (10/12) = $666.67
So, John would owe a total of $12,666.67 for his property taxes, penalty, and interest.
It's important for taxpayers to pay their property taxes on time to avoid incurring unnecessary penalties and interest. Jerauld County also offers various payment options and assistance programs for taxpayers who may need help in paying their property taxes.
We recommend contacting the Jerauld County Tax Office or a local tax professional for the most up-to-date and accurate information.