Example of Judith Basin County Property Tax Calculation
Property taxes in Judith Basin County, Montana are calculated by multiplying the assessed value of a property by the county's mill levy rate. For example, if a property is assessed at $100,000 and the mill levy rate is 150, the property tax would be $1,500 ($100,000 x 0.015).
It is important to note that the assessed value of a property is determined by the county assessor's office based on the property's market value, location, and other factors. The mill levy rate is set by the county commissioners and is used to fund various county services and programs such as schools, roads, and law enforcement.
Property owners in Judith Basin County can expect to receive their property tax bills in November and have until the end of December to pay them. Failure to pay property taxes on time can result in penalties, interest and even a tax lien on the property itself.
If you want appeal your property tax assessment - contact your local tax assessor.
Judith Basin County Property Tax Rates
Here is a table that lists the property tax rates for Judith Basin County in US dollars. The rate is listed per $100 of assessed value.
| Tax | Rate per $100 of assessed value |
|---|---|
| County General Fund | $1.72 |
| County Road Fund | $0.70 |
| County Bridges Fund | $0.05 |
| County Safety Fund | $0.41 |
| County Noxious Weed Fund | $0.10 |
| County Airport Fund | $0.03 |
| County Library Fund | $0.22 |
| County Museum Fund | $0.12 |
| County Extension Fund | $0.13 |
| County Health District Fund | $0.44 |
This table provides a clear and concise overview of the property tax rates for Judith Basin County. It is organized in a way that is easy to understand, with columns clearly labeled and rates clearly listed. The rates listed reflect the amount of tax that property owners can expect to pay per $100 of assessed value for each respective fund.
Who sets property tax rates in Judith Basin County ?
The property tax rates in Judith Basin County are set by the county's Board of Commissioners. This typically occurs during an annual budget meeting, where the board evaluates the county's financial needs and determines the appropriate tax rate to fund those needs.
Once the tax rate is set, it is applied uniformly to all taxable properties in the county. The amount of tax owed by each property owner is then calculated based on the assessed value of their property and the current tax rate.
Overall, the property tax system in Judith Basin County is designed to provide the county with the necessary funds to support public services and infrastructure, while ensuring that the tax burden is distributed fairly among property owners.
When is Judith Basin County Property Tax due ?
Judith Basin County Property Tax typically has two payment due dates:
- First Half Payment - Due November 30th
- Second Half Payment - Due May 31st
There are several payment methods available to make payment:
| Payment Method | Description |
|---|---|
| Online Payment | Pay using the Judith Basin County website |
| Send payment by mail to the Judith Basin County Treasurer | |
| In-Person | Pay in person at the Judith Basin County Treasurer's Office |
It is important to note that if payment is not received by the due dates, penalties and interest may be assessed. Therefore, it is recommended to make payment on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
Homestead exemptions in Judith Basin County ?
To help homeowners in Judith Basin County take advantage of all available tax exemptions and deductions, here is a breakdown of Homestead exemptions and deductions specific to this county:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | Up to $100,000 of assessed value | Reduces taxable value of property |
| Senior Citizen/Disabled Person Exemption | Owner must be 62 or older, or have a disability | Up to $100,000 of assessed value | Must meet income requirements |
| Agricultural Classification | Property must be actively used for agriculture | Up to 80% reduction in taxable value | Must submit application to county assessor |
| Forest Land Classification | Property must be actively used for forestry | Up to 80% reduction in taxable value | Must meet specific requirements |
| Military Exemption | Active duty military personnel | Up to $250,000 of assessed value | Must be stationed outside of Montana |
It's important to note that some of these exemptions and deductions may have additional requirements or limitations, so homeowners should consult with the county assessor's office for more information.
By taking advantage of these Homestead exemptions and deductions, homeowners in Judith Basin County can potentially save thousands of dollars on their property taxes.
How is Judith Basin County Property Tax penalty calculated ?
Judith Basin County Property Tax Penalty Calculation
In Judith Basin County, property taxes are due on November 30th each year. If the taxes are not paid in full by this deadline, a penalty will be added to the amount owed. The penalty is calculated based on the length of time the taxes are past due and the amount of the unpaid taxes.
The penalty for late payment is as follows:
- 2% penalty if paid between December 1st and December 31st
- 3% penalty if paid between January 1st and January 31st
- 4% penalty if paid between February 1st and February 28th
- 5% penalty if paid on or after March 1st
For example, let's say that John owns a property in Judith Basin County and owes $2,000 in property taxes. He fails to pay the taxes by the November 30th deadline. Here's how the penalty would be calculated if he pays on the following dates:
- December 15th: John pays $2,040 ($2,000 + 2% penalty of $40).
- January 15th: John pays $2,060 ($2,000 + 3% penalty of $60).
- March 15th: John pays $2,100 ($2,000 + 5% penalty of $100).
It's important to note that if the taxes remain unpaid for an extended period of time, the county may take legal action to collect the overdue amount, potentially resulting in a tax lien or even foreclosure of the property.
Therefore, property owners in Judith Basin County should make every effort to pay their property taxes on time to avoid additional penalties and potential legal action.
We recommend contacting the Judith Basin County Tax Office or a local tax professional for the most up-to-date and accurate information.