Example of La Plata County Property Tax Calculation
La Plata County calculates property tax based on the assessed value of the property. To calculate the tax, multiply the assessed value by the mill levy rate, which is determined by the county's budget and other factors.
For example, if a property in La Plata County has an assessed value of $200,000 and the mill levy rate is 0.02, the property tax would be calculated as follows:
$200,000 x 0.02 = $4,000
Therefore, the property owner would owe $4,000 in property taxes for the year.
It's important to note that property taxes in La Plata County may vary based on other factors, such as exemptions or special assessments. Additionally, property taxes may be due in installments or as a lump sum depending on the local regulations.
Overall, it's important for property owners in La Plata County to stay informed about their property tax obligations and to pay them on time to avoid penalties and interest charges.
If you want appeal your property tax assessment - contact your local tax assessor.
La Plata County Property Tax Rates
The La Plata County Property Tax rates are outlined in the table below, stated in US dollars and cents per $100 of assessed property value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General County | $0.2946 |
| Road and Bridge | $0.7500 |
| School District 9-R | $2.9920 |
| School District 51 | $2.7327 |
| Durango Fire Protection | $0.8736 |
It is important to note that these rates may vary slightly depending on the specific property location and any exemptions or special assessments that may apply. Property owners in La Plata County are advised to consult a qualified tax professional to ensure accurate and timely tax payments.
Who sets property tax rates in La Plata County ?
In La Plata County, property tax rates are set by the Board of County Commissioners. This typically happens once a year during the budgeting process. The Board reviews the proposed budget and sets the tax rates necessary to fund it. The tax rates are based on the assessed value of the property and are used to fund local services like schools, roads, and emergency services. Homeowners in La Plata County can expect to pay property taxes annually in arrears, with payments due at the end of April each year.
Homestead exemptions in La Plata County ?
To help homeowners in La Plata County, Colorado, understand their property tax obligations, the following table includes all county-specific Homestead exemptions and deductions. These exemptions and deductions may reduce the amount of taxable value on a property, resulting in a lower property tax bill.
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Senior Exemption | Age 65 or older and have lived in La Plata County for 10 years or more | $200,000 | Applies to primary residence only |
| Disabled Veteran Exemption | Honorably discharged veteran with a 100% permanent and total service-related disability | 50% of property value | Applies to primary residence only |
| Surviving Spouse of a Veteran Exemption | Unremarried surviving spouse of a veteran who met the qualifications for the Disabled Veteran Exemption | 50% of property value | Applies to primary residence only |
| Renewable Energy System Exemption | Property owner who installs a renewable energy system on their property | 100% of increased property value | Applies to the increased value of the property due to the installation of the system |
| Agricultural Land Exemption | Property used for agricultural purposes | Varies based on acreage and zoning | Must meet specific criteria for agricultural use |
It is important to note that these exemptions and deductions are subject to change and that homeowners should confirm eligibility requirements before applying. Additionally, homeowners should be aware that other factors, such as mill levies and property values, also impact their property tax bills. By understanding the available exemptions and deductions in La Plata County, homeowners can take advantage of potential savings on their property taxes.
When is La Plata County Property Tax due ?
La Plata County Property Tax is typically due on the last day of April each year. Property owners in La Plata County can pay their property taxes in various ways, including:
- Online Payment: Property owners can pay their taxes online by visiting the La Plata County Treasurer's website and using a credit card or electronic check.
- Mail Payment: Property owners can mail their tax payment to the La Plata County Treasurer's Office along with a check or money order.
- In-Person Payment: Property owners can pay their taxes in person at the La Plata County Treasurer's Office using cash, check, or credit card.
It is important to note that late payments may result in penalty fees, so property owners are encouraged to pay their taxes on time. If property owners have any questions or concerns regarding their La Plata County property taxes, they can contact the La Plata County Treasurer's Office for assistance.
If you have more questions - contact your local tax collector.
How is La Plata County Property Tax penalty calculated ?
La Plata County Property Tax Penalty Calculation
La Plata County, located in Colorado, imposes penalties on property owners who fail to pay their property taxes on time. The penalty calculation is as follows:
- A penalty of 1% is added on the first day after the due date.
- An additional 1% penalty is added every month thereafter until the tax is paid in full.
For example, if a property owner fails to pay their property tax of $10,000 by the due date of June 15th, they will incur a penalty of $100 (1% of $10,000) on June 16th. If the tax remains unpaid by July 15th, an additional penalty of $100 (1% of $10,000) will be added, bringing the total penalty to $200.
The penalty continues to accumulate every month until the tax is paid in full. Therefore, if the tax remains unpaid until December 31st, the total penalty would be $600 (1% penalty for each month from July to December).
It is important to note that the penalty calculation may vary by state and county, so property owners should consult their local tax authority for specific information.
In conclusion, property owners in La Plata County who fail to pay their property taxes on time will incur a penalty of 1% on the first day after the due date, with an additional 1% penalty added every month thereafter until the tax is paid in full.
We recommend contacting the La Plata County Tax Office or a local tax professional for the most up-to-date and accurate information.