Example of Lewis And Clark County Property Tax Calculation
Lewis and Clark County property taxes are calculated by using the assessed value of the property and the mill levy rate determined by the county. The assessed value of the property is determined by the county assessor's office and is based on the market value of the property. The mill levy rate is set by the county commissioners and is a percentage of the assessed value of the property.
For example, if a property in Lewis and Clark County has an assessed value of $200,000 and the mill levy rate is 100 mills, the property owner would pay $20 for every $1,000 of assessed value. This means the property owner would pay $4,000 in property taxes for the year ($20 x 200).
It is important to note that the mill levy rate can vary depending on the location and type of property. Property owners can contact the Lewis and Clark County treasurer's office for more information on their specific property tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Lewis And Clark County Property Tax Rates
The table below outlines the property tax rates for Lewis and Clark County in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General Fund | $1.997 |
| Road and Bridge | $0.629 |
| Countywide School | $2.195 |
| Elementary School | $1.031 |
| High School | $1.164 |
It's important to note that property tax rates may vary based on the specific location of the property within the county. Additionally, property owners may be eligible for certain exemptions or deductions that could impact their overall tax liability. As a tax advisor, it's recommended to consult with a local expert for specific guidance on property taxes in Lewis and Clark County.
Who sets property tax rates in Lewis And Clark County ?
Who sets property tax rates in Lewis And Clark County?
The Lewis And Clark County Board of County Commissioners sets property tax rates for the county. This board is comprised of three elected officials who serve staggered terms of four years each.
When are property tax rates set in Lewis And Clark County?
The Board of County Commissioners sets property tax rates for Lewis And Clark County on an annual basis. They typically do this in the late summer or early fall, as property tax bills are due on November 30th of each year.
| Who sets property tax rates in Lewis And Clark County? | The Lewis And Clark County Board of County Commissioners |
| When are property tax rates set in Lewis And Clark County? | Annually, typically in late summer or early fall |
Homestead exemptions in Lewis And Clark County ?
Lewis and Clark County in Montana offers various Homestead exemptions and deductions to eligible homeowners. Here are the details of the exemptions and deductions, sorted by exemption type:
Property Tax Exemptions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | For all homeowners who occupy their homes as their primary residence, regardless of age or disability. | Up to $200,000 of the home's assessed value is exempt from property tax. | - |
| Senior Citizen Property Tax Exemption | For homeowners over the age of 62 who have lived in their home for at least five years. | Up to $3,000 of the home's assessed value is exempt from property tax. | The homeowner must apply every year for this exemption. |
| Disabled Veteran Property Tax Exemption | For veterans who suffered a service-related disability and own a home in Lewis and Clark County. | Up to $100,000 of the home's assessed value is exempt from property tax. | The veteran must provide proof of disability from the Veteran's Administration. |
| Additional Property Tax Exemption for Disabled Veterans | For veterans who suffered a service-related disability of 50% or more and own a home in Lewis and Clark County. | Up to $150,000 of the home's assessed value is exempt from property tax. | The veteran must provide proof of disability from the Veteran's Administration. |
Other Deductions
| Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Home Improvement Deduction | For homeowners who make improvements to their home that increase its value by $10,000 or more. | The value of the improvement is deducted from the home's assessed value before property tax is calculated. | The homeowner must apply for this deduction within 30 days of completing the improvement. |
| Agricultural Land Deduction | For property owners who use their land for agriculture. | Up to 50% of the assessed value of the land is exempt from property tax. | The land must be used for agricultural purposes for two of the past three years. |
| Forest Land Deduction | For property owners who use their land for timber production. | Up to 50% of the assessed value of the land is exempt from property tax. | The land must be used for timber production for two of the past three years. |
It is important to note that homeowners can only receive one property tax exemption at a time. Therefore, a homeowner who is eligible for multiple exemptions should select the one that provides the most benefit.
When is Lewis And Clark County Property Tax due ?
Lewis and Clark County Property Tax is typically due on November 30th of each year. In case you are wondering, there are several payment methods available for taxpayers in the county.
Below is a breakdown of the payment options you can use:
Payment Methods
| Payment Method | Description |
|---|---|
| Taxpayers can mail their payments to the county treasurer's office at P.O. Box 1064, Helena, MT 59624. | |
| Online | Taxpayers can make payments online through the county's official website using a credit card or e-check. |
| In Person | Taxpayers can make payments in person at the county treasurer's office located at 316 N. Park Ave., Room 147, Helena, MT 59623 (Monday - Friday, 8 a.m. - 5 p.m.). |
It is important to note that failure to make timely payments may result in a penalty and interest charges. Therefore, taxpayers are advised to make payments on or before the due date to avoid any penalties.
In summary, Lewis and Clark County Property Tax is due on November 30th of each year, and taxpayers can make payments through mail, online, or in-person at the county treasurer's office.
If you have more questions - contact your local tax collector.
How is Lewis And Clark County Property Tax penalty calculated ?
Lewis and Clark County Property Tax Penalty Calculation
Property owners in Lewis and Clark County are required to pay their property taxes in full by November 30th of each tax year. If the property owner fails to make a payment by the deadline, a penalty will be added to the amount due. The penalty is calculated based on the amount of taxes that are unpaid and the number of days that the payment is overdue.
To better understand how the penalty is calculated, here is an example:
Assume that a property owner owes $10,000 in property taxes for the year. If they do not make a payment by November 30th, a penalty of 2% will be added to the amount owed. This means that the penalty amount will be $200 (2% of $10,000).
If the property owner still does not make a payment by February 28th of the following year, an additional 3% penalty will be added to the original amount owed plus the first penalty. This means that the total penalty will be $500 (2% penalty of $10,000 + 3% penalty of $10,200).
Here is a table that summarizes the penalty rates for late property tax payments in Lewis and Clark County:
| Time period | Penalty rate |
|---|---|
| Dec 1 - Jan 31 | 2% |
| Feb 1 - Feb 28 | 3% |
| March 1 - Apr 30 | 4% |
| May 1 - June 30 | 5% |
| July 1 - Aug 31 | 6% |
| Sept 1 - Oct 31 | 7% |
| Nov 1 - Nov 30 | 8% |
It's important to note that if the property owner pays their taxes in installments, but misses a payment, penalties will be assessed based on the amount of the unpaid installments. Additionally, penalties for unpaid property taxes in Lewis and Clark County cannot exceed 18% of the original amount due.
Overall, it's crucial to make timely property tax payments to avoid penalties and additional fees. Property owners can contact the County Treasurer's office for more information about payment options and deadlines.
We recommend contacting the Lewis And Clark County Tax Office or a local tax professional for the most up-to-date and accurate information.