Example of Mayes County Property Tax Calculation
Mayes County calculates property tax based on the assessed value of a property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Once the assessed value is determined, it is multiplied by the county's tax rate to determine the property tax owed.
For example, if a property in Mayes County has an assessed value of $100,000 and the county's tax rate is 1%, the property tax owed would be $1,000 (100,000 x 0.01).
It's important to note that property tax rates can vary depending on the city or town within the county, as well as any special tax districts. Property owners in Mayes County can contact the county assessor's office for more information on their specific property tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Mayes County Property Tax Rates
Mayes County Property Tax Rates (2021)
| Tax Type | Rate per $100 Assessed Value |
|---|---|
| County General | $0.715 |
| County Excise | $0.25 |
| County Health | $0.15 |
| County Library | $0.23 |
| City of Adair | $0.50 |
| City of Locust Grove | $0.65 |
| City of Pryor Creek | $0.40 |
| City of Salina | $0.25 |
| City of Spavinaw | $0.25 |
Note: These rates are subject to change. Please consult with a local tax advisor for more information.
Who sets property tax rates in Mayes County ?
Mayes County Property Tax Rates
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Property tax rates in Mayes County are set by the County Board of Commissioners.
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The Board of Commissioners meets annually to review and set the property tax rates for the county.
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The property tax rates are then published in local newspapers and mailed out to property owners.
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The property tax rates are based on the assessed value of the property and are used to fund local government services such as schools, roads, and public safety.
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It is important for property owners to review their property tax assessments and rates each year to ensure accuracy and fairness.
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Property owners also have the right to appeal their property tax assessments if they believe they are too high.
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Overall, the property tax rate in Mayes County is determined by the County Board of Commissioners and is an important source of revenue for local government services.
Homestead exemptions in Mayes County ?
To help homeowners in Mayes County, Oklahoma save on their property taxes, the county offers a variety of Homestead exemptions and deductions. These valuable tax breaks can help lower your tax bill and keep more money in your pocket. To help you understand the available options, we've compiled a table below that details all of the county-specific Homestead exemptions and deductions.
Homestead Exemptions and Deductions in Mayes County, Oklahoma
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Any homeowner who uses their home as their primary residence | Up to $1,000 off the assessed value of the property | If the homeowner qualifies and the property's assessed value is over $20,000, they will get an exemption on the first $20,000 of their property's value. |
| Senior Citizen Exemption | Homeowners who are 65 or older and have a gross household income of $12,000 or less | Up to $1,000 off the assessed value of the property | If the homeowner qualifies and the property's assessed value is over $20,000, they will get an exemption on the first $20,000 of their property's value. |
| Disability Exemption | Homeowners who are totally disabled or who have a gross household income of $20,000 or less | Up to $1,000 off the assessed value of the property | If the homeowner qualifies and the property's assessed value is over $20,000, they will get an exemption on the first $20,000 of their property's value. |
| Veterans Exemption | Homeowners who have served in the military or their surviving spouse | Up to $1,000 off the assessed value of the property | If the homeowner qualifies and the property's assessed value is over $20,000, they will get an exemption on the first $20,000 of their property's value. |
| School District Levy Exemption | Any homeowner who uses their home as their primary residence | Up to $1,000 off the assessed value of the property | This exemption reduces the taxable value of a property for school district taxes. |
It's important to note that homeowners must apply for these exemptions and deductions to receive them. The county usually requires applications to be filed by March 15th of the assessment year. Homeowners should also keep in mind that the amount of these exemptions and deductions may change from year to year, so it's always a good idea to check with the county tax assessor's office for the most up-to-date information.
By taking advantage of these Homestead exemptions and deductions, homeowners in Mayes County, Oklahoma can potentially save thousands of dollars on their property taxes. With a little research and some paperwork, you can keep more of your hard-earned money in your pocket.
When is Mayes County Property Tax due ?
Mayes County Property Tax Due Date and Payment Methods
The due date for Mayes County Property Tax is typically December 31st of each year. Property owners will receive a tax statement in the mail around October or November. This statement will show the amount of tax owed for the year, including any applicable discounts or penalties.
There are several payment methods available for property owners to choose from. These include:
- Online payment: Property owners can pay their property tax online using a credit card, debit card, or e-check.
- Mail: Property owners can mail their payment to the Mayes County Treasurer's Office. The address will be listed on the tax statement.
- In-person: Property owners can make a payment in person at the Mayes County Treasurer's Office during regular business hours.
- Drop-box: Property owners can drop off their payment in the drop-box located outside the Mayes County Treasurer's Office.
It is important for property owners to pay their property tax on time to avoid any penalties or interest charges. Failure to pay property tax can result in a lien being placed on the property or even foreclosure.
In summary, the due date for Mayes County Property Tax is December 31st of each year. Property owners can make their payment online, by mail, in-person, or through the drop-box. It is crucial to pay property tax on time to avoid any penalties or interest charges.
If you have more questions - contact your local tax collector.
How is Mayes County Property Tax penalty calculated ?
Mayes County Property Tax Penalty Calculation
When it comes to property taxes, it's important to understand the penalties that can come with late payments. In Mayes County, Oklahoma, property tax penalties are calculated as follows:
- A penalty of 5% is applied to any unpaid tax balance after January 31st of the current tax year.
- An additional penalty of 1% per month (or fraction thereof) is added to the unpaid balance each month thereafter until the taxes are paid in full.
Let's look at an example to better understand how this works:
Assume that John owns a property in Mayes County and owes $2,000 in property taxes for the current year. John fails to pay his taxes by January 31st, and as a result, a 5% penalty is applied to his unpaid balance, bringing his total balance to $2,100.
John still fails to pay his taxes by February 28th, which means an additional 1% penalty is added to his balance for the month of February, bringing his total balance to $2,121. The penalty increases by an additional 1% each month until John pays his taxes in full.
It's important to note that these penalties can quickly add up, making it even harder for property owners to catch up on their payments. To avoid penalties, property owners should make every effort to pay their property taxes on time.
To summarize, the Mayes County Property Tax penalty is calculated as follows:
| Timeframe | Penalty |
|---|---|
| After January 31st of current year | 5% of unpaid balance |
| After February 28th of current year | 1% per month (or fraction thereof) until balance is paid in full |
We recommend contacting the Mayes County Tax Office or a local tax professional for the most up-to-date and accurate information.