Example of Las Animas County Property Tax Calculation
Las Animas County calculates property taxes based on the assessed value of the property. To determine the assessed value, the county assesses the property's worth based on its location, size, and other factors. The assessed value is then multiplied by the county's mill levy to determine the annual property tax.
For example, suppose a property in Las Animas County is assessed at $100,000 and the mill levy is 50 mills. To calculate the property tax, you would multiply the assessed value by the mill levy:
$100,000 x 0.05 (50 mills divided by 1,000) = $5,000
Therefore, the annual property tax for that property would be $5,000. It's important to note that mill levies can vary by county, so it's always a good idea to check with your local tax assessor's office for the most accurate information.
If you want appeal your property tax assessment - contact your local tax assessor.
Las Animas County Property Tax Rates
Las Animas County Property Tax Rates
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Residential | $29.43 |
| Commercial | $31.61 |
| Industrial | $28.25 |
| Agricultural | $25.55 |
The table above shows the property tax rates for Las Animas County. The tax rates are listed in active voice and are provided in US English. The rates are listed in a formatted table with columns for the type of tax and the rate per $100 of assessed value. The tax rates for residential, commercial, industrial, and agricultural properties are shown. This table is designed to be easy to read and understand for anyone who is looking for information about the property tax rates in Las Animas County.
Who sets property tax rates in Las Animas County ?
Who Sets Property Tax Rates in Las Animas County?
In Las Animas County, property tax rates are set by the Board of County Commissioners. This board is made up of elected officials who are responsible for making decisions that affect the county's residents and businesses. The commissioners use a formula to determine property tax rates based on the assessed value of the property and the county's budget needs.
When are Property Tax Rates set in Las Animas County?
Property tax rates in Las Animas County are typically set once a year. The county's fiscal year runs from January 1st to December 31st, and the commissioners usually set the property tax rates in the fall, before the beginning of the fiscal year. Property owners in Las Animas County can expect to receive their tax bills in January or February of each year.
Summary
- Property tax rates in Las Animas County are set by the Board of County Commissioners.
- The commissioners use a formula to determine property tax rates based on the assessed value of the property and the county's budget needs.
- Property tax rates are set once a year, usually in the fall, before the beginning of the fiscal year.
- Property owners in Las Animas County can expect to receive their tax bills in January or February of each year.
Homestead exemptions in Las Animas County ?
Las Animas County in Colorado offers several Homestead exemptions and deductions to eligible homeowners. Below is a table showing the available exemptions and deductions, along with their eligibility requirements, exemption amounts, and any important notes to keep in mind.
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Senior Citizen Exemption | Must be 65 years or older and own the property for at least 10 years | Up to 50% of the first $200,000 in actual value | Must file an application with the county assessor by July 15th each year |
| Disabled Veteran Exemption | Must have a service-connected disability rated at 100% by the VA | Up to 50% of the first $200,000 in actual value | Must file an application with the county assessor by July 1st each year |
| Veteran's Exemption | Must have served during a period of war or conflict and own the property for at least 10 years | Up to $25,000 in actual value | Must file an application with the county assessor by July 1st each year |
| Agricultural Land Exemption | Must use the property for agricultural purposes and meet certain qualifications | Up to 29% of the assessed value | Must file an application with the county assessor by November 1st each year |
| Renewable Energy System Exemption | Property must have a renewable energy system installed | Up to 100% of the added value of the system | Must file an application with the county assessor |
It's important to note that these exemptions and deductions are subject to change, so it's always a good idea to check with the county assessor's office for the most up-to-date information. Additionally, some exemptions may require additional documentation or proof of eligibility. Homeowners should carefully review the eligibility requirements and application procedures before applying for any exemptions or deductions.
When is Las Animas County Property Tax due ?
According to the official website of Las Animas County, the property tax is typically due on April 30th of each year. However, if April 30th falls on a weekend or holiday, the due date will be extended until the next business day.
There are several payment methods available for Las Animas County property taxes, including:
- Online: You can pay your property taxes online through the county's website using a credit or debit card. Please note that there is a convenience fee for using this service.
- By mail: You can send a check or money order to the Las Animas County Treasurer's Office at P.O. Box 697, Trinidad, CO 81082.
- In-person: You can pay your property taxes in person at the Las Animas County Treasurer's Office located at 200 E. 1st St., Rm 201, Trinidad, CO 81082. Cash, check, and credit cards are accepted.
It's important to note that if you do not pay your property taxes by the due date, you may incur penalties and interest charges. Therefore, it's recommended that you pay your property taxes on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Las Animas County Property Tax penalty calculated ?
Las Animas County Property Tax Penalty Calculation
Las Animas County property taxes are assessed annually and are due on April 30th of each year. If the taxes are not paid in full by that date, penalties will accrue at a rate of 1% per month until the taxes are paid in full. The maximum penalty that can be assessed is 15% of the total taxes due.
Here is an example:
John owns a house in Las Animas County and his property taxes for the year are $2,000. He fails to pay the full amount by the April 30th deadline. On May 1st, a 1% penalty ($20) is added to his unpaid balance, bringing it to $2,020. If he still has not paid by June 1st, another 1% penalty ($20.20) is added, bringing his total unpaid balance to $2,040.20. This continues each month until the maximum penalty of 15% ($300) is reached.
To avoid penalties, it is important to pay the full amount of property taxes by the deadline. If you are unable to pay the full amount, contact the Las Animas County Treasurer's Office to discuss payment options.
| Due Date | Penalty Rate | Penalty Amount |
|---|---|---|
| April 30th | 0% | $0 |
| May 1st | 1% | $20 |
| June 1st | 2% | $40.20 |
| July 1st | 3% | $60.60 |
| August 1st | 4% | $81.20 |
| September 1st | 5% | $102 |
| October 1st | 6% | $123 |
| November 1st | 7% | $144 |
| December 1st | 8% | $165 |
| January 1st | 9% | $186 |
| February 1st | 10% | $207 |
| March 1st | 11% | $228 |
| April 1st | 12% | $249 |
| May 1st | 13% | $270 |
| June 1st | 14% | $291 |
| July 1st (Maximum Penalty) | 15% | $300 |
We recommend contacting the Las Animas County Tax Office or a local tax professional for the most up-to-date and accurate information.