Example of Kidder County Property Tax Calculation
Kidder County calculates property taxes based on the market value of the property. The market value is determined by the county assessor's office, and it is updated every five years.
To calculate the property tax, the county uses a formula that takes into account the taxable value of the property, the mill levy, and any special assessments. The taxable value is determined by applying a percentage to the market value.
For example, if a property has a market value of $100,000 and the taxable percentage is 10%, the taxable value would be $10,000.
The mill levy is the rate at which property taxes are assessed per $1,000 of taxable value. For instance, if the mill levy is 100 mills, then property owners will pay $100 in taxes for every $1,000 of taxable value.
Special assessments, which are additional charges for things like street improvements or sewer repairs, are added to the property tax bill as well.
Once all of these factors are taken into account, the county will send a property tax bill to the owner of the property. The property owner has the option to pay the bill all at once or in installments.
It is important to note that property taxes are used to fund local services such as schools, roads, and public safety, so it is essential to pay them on time to support the community.
If you want appeal your property tax assessment - contact your local tax assessor.
Kidder County Property Tax Rates
Here is a formatted table of Kidder County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.71 |
| County Road and Bridge | $0.78 |
| County Special Assessment | varies by project |
| City of Tappen | $4.85 |
| City of Steele | $9.46 |
| City of Tuttle | $4.04 |
Note: These tax rates are subject to change and may vary depending on the assessed value of the property. It is recommended to consult with a tax professional for accurate and up-to-date information.
Who sets property tax rates in Kidder County ?
Property Tax Rates in Kidder County, USA
In Kidder County, the property tax rates are set by the county commissioners. These rates are established annually, typically during the budgeting process.
The county commissioners are responsible for determining the amount of revenue needed to support county services and programs. This includes funding for schools, law enforcement, road maintenance, and other public services. Based on these needs, the commissioners will set a tax rate that is applied to the assessed value of each property in the county.
Property owners in Kidder County receive their tax bills in November and have until the end of February to pay their taxes. Failure to pay property taxes can result in penalties and interest charges.
It is important for property owners to keep track of the tax rates in their county and to understand how these rates are determined. Working with a tax advisor can help property owners effectively manage their tax obligations and avoid potential penalties.
Homestead exemptions in Kidder County ?
To provide essential information on all county-specific Homestead exemptions and deductions in Kidder County, North Dakota, the following table includes four columns: exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Primary residence of applicant | Up to $120,000 | Applies to all homes in Kidder County |
| Disabled Veterans Homestead Credit | Certified disabled veteran | Up to $120,000 | Must be a resident of North Dakota and have a VA rating of 50% or higher |
| Agricultural Homestead Credit | Agricultural property or qualifying owner | Up to $20,000 | Must be a resident and actively farming in Kidder County |
| Senior Citizens Homestead Credit | Senior citizens | Up to $8,000 | Must be at least 65 years old and have lived in the county for at least five years |
| Special Assessments Exemption | Low-income property owners | Varies | Must meet income limits and have a property value under $500,000 |
It is important to note that some of these exemptions may have additional criteria or requirements beyond what is listed in the table, so applicants should carefully review all information provided by the county. Overall, these exemptions and deductions can help eligible residents reduce their property tax burden in Kidder County.
When is Kidder County Property Tax due ?
Kidder County Property Tax Due Date and Payment Methods
Property owners in Kidder County, North Dakota are required to pay their property taxes annually. The due date for Kidder County property taxes is typically March 1st of each year. However, it is important to note that the exact due date may vary slightly from year to year.
There are several ways to pay for Kidder County property taxes. Property owners can choose to pay in person at the Kidder County Treasurer's Office, located in the Kidder County Courthouse. They can also mail their payment to the Treasurer's Office, or pay online through the Kidder County website.
Accepted payment methods include cash, personal check, money order, and credit/debit card (with an additional processing fee). It is recommended that property owners make their payments early to avoid any possible late fees or penalties.
In addition, Kidder County offers a tax installment plan for property owners who may struggle to pay their taxes in a single lump sum. This plan allows property owners to pay their taxes in four equal installments throughout the year.
Overall, Kidder County property owners should mark March 1st on their calendars to ensure they pay their property taxes on time. With multiple payment options available, it should be easy to stay current on tax payments and maintain compliance with Kidder County regulations.
| Due Date | Payment Methods |
|---|---|
| March 1st | In person, mail or online |
| Cash, personal check, money order, credit/debit card (with additional fee) | |
| Tax installment plan available |
If you have more questions - contact your local tax collector.
How is Kidder County Property Tax penalty calculated ?
Kidder County Property Tax Penalty Calculation
The Kidder County Property Tax penalty is calculated based on the amount of tax owed and the date the payment is received.
Here is an example:
Let's say a property owner in Kidder County owes $1,000 in property taxes. If the payment is not received by the due date, a penalty of 5% will be added to the total amount owed. If the payment is still not received after 30 days, an additional penalty of 2% will be added to the total amount owed.
So, for this example, if the property owner pays the taxes 10 days late, the penalty will be calculated as follows:
Amount owed: $1,000 5% penalty: $50 (5% of $1,000) Total amount owed with penalty: $1,050
If the payment is not received for another 20 days, an additional penalty of 2% will be added to the total amount owed as follows:
Amount owed: $1,000 5% penalty: $50 (5% of $1,000) 2% penalty: $20 (2% of $1,000) Total amount owed with penalty: $1,070
It is important to note that the penalty will continue to increase the longer the payment is not received. Property owners are encouraged to pay their property taxes on time to avoid the penalty fees.
| Amount Owed | Penalty | Total Amount Owed with Penalty |
|---|---|---|
| $1,000 | $50 | $1,050 |
| $1,000 | $50 | $1,070 |
We recommend contacting the Kidder County Tax Office or a local tax professional for the most up-to-date and accurate information.