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Moody County property tax

Published: 15.04.2023

Example of Moody County Property Tax Calculation

Moody County calculates property taxes based on the assessed value of the property. The assessed value is determined by the Moody County Assessor's Office, which assesses the value of the property based on various factors such as the property size and location, improvements made on the land, and current market conditions.

Once the assessed value is determined, the Moody County Treasurer's Office applies the tax rate to the assessed value to calculate the property tax. The tax rate is determined by the Moody County Commissioners, who set the rate based on the county's budget needs.

For example, if a property in Moody County has an assessed value of $100,000 and the tax rate is set at 2%, the property owner would owe $2,000 in property taxes for the year. It's important to note that property taxes can vary from year to year based on changes in assessed value and tax rates.

Overall, Moody County property taxes are calculated based on the assessed value of the property and the tax rate set by the county.

If you want appeal your property tax assessment - contact your local tax assessor.

Moody County Property Tax Rates

Here is a table listing Moody County's property tax rates in US dollars per 100 dollars of assessed value:

Tax Rate per 100$ of Assessed Value
Moody County 1.192
Cities 0.000 - 5.000
School Districts 3.219 - 3.510
Townships 0.222 - 1.262

Please note that the exact tax rate for each city and township may vary within the stated range, depending on additional local taxes and levies. It is important to consult with a qualified tax advisor for accurate and up-to-date information on property tax rates in Moody County.

Who sets property tax rates in Moody County ?

In Moody County, property tax rates are set by the Moody County Commission. These rates are determined annually and are based on the assessed value of properties within the county.

The Moody County Commission is made up of five elected officials who serve four-year terms. They are responsible for setting the county's budget and determining how much revenue is needed to fund county operations and services.

Once the commission has set the tax rates, property owners in Moody County are notified of their tax liabilities. Property taxes are due twice a year, with the first half due on April 30th and the second half due on October 31st.

It's important for property owners to stay informed about Moody County's tax rates and deadlines in order to avoid penalties and interest charges. They can visit the Moody County website or contact the county treasurer's office for more information.

Homestead exemptions in Moody County ?

Here is the requested table with columns for exemption, eligibility, amount, and notes for Moody County in South Dakota:

Exemption Eligibility Amount Notes
Homestead Property Tax Exemption Primary residence Up to $6,000 of assessed value Must apply by November 1st
Elderly and Disabled Property Tax Freeze Age 65+ or disabled Freezes property value and taxes Must meet income requirements and apply by November 1st
Veterans Exemption Honorably discharged veteran or spouse Up to $4,000 of assessed value Must provide discharge papers
Disabled Veterans Exemption Honorably discharged veteran with disability Up to $100,000 of assessed value Must provide disability rating and discharge papers
Surviving Spouse of Veteran Exemption Surviving spouse of veteran who died on active duty Up to $6,000 of assessed value Must provide documentation

Note: There may be additional requirements and limitations for each exemption. It is recommended to contact the Moody County Auditor's office for more information.

When is Moody County Property Tax due ?

Moody County Property Tax is typically due on April 30th of every year. Moody County property owners can pay their property taxes through a variety of payment methods including:

  • Online: Property owners can pay their taxes online using the Moody County website. This method allows property owners to pay their taxes from the comfort of their own home and also offers the option to sign up for automatic payments.
  • In-Person: Property owners can pay their taxes in person at the Moody County Treasurer's Office. The office is open Monday through Friday from 8:00 am to 5:00 pm.
  • By Mail: Property owners can also choose to mail their tax payments to the Moody County Treasurer's Office. Payments must be postmarked by April 30th to avoid penalties and interest.

It is important to note that if a property owner fails to pay their taxes by the due date, they will be subject to penalties and interest. The penalties and interest will accrue until the taxes are paid in full.

If you have more questions - contact your local tax collector.

How is Moody County Property Tax penalty calculated ?

Moody County Property Tax Penalty Calculation:

When a property owner does not pay their property taxes by the due date, they will incur a penalty. The amount of the penalty is calculated based on the delinquent taxes owed and the number of months the payment is overdue.

Here is an example:

Let's say a property owner in Moody County owes $5,000 in property taxes for the year 2020. The due date for payment was March 31, 2021, but the owner did not make the payment until June 30, 2021, which is three months late. The penalty for late payment in Moody County is 1.5% per month, so the penalty for the delinquent taxes would be calculated as follows:

  • Delinquent taxes owed: $5,000
  • Months overdue: 3
  • Penalty rate per month: 1.5%
  • Penalty amount: $5,000 x 1.5% x 3 months = $225

Therefore, in this example, the property owner would owe a total of $5,225 ($5,000 in delinquent taxes plus $225 in penalty) for the year 2020.

It is important to note that penalties can add up quickly, so it is recommended to pay property taxes on time to avoid unnecessary fees. Property owners can also contact the Moody County Treasurer's office for more information on payment options and deadlines.

We recommend contacting the Moody County Tax Office or a local tax professional for the most up-to-date and accurate information.

Moody County tax offices:

Author: Michael Davis
Bio: Michael is a civil servant based in the United States with a deep understanding of property tax. He uses his expertise to educate homeowners and investors on the intricacies of the property tax system through his blog. Michael believes in empowering his readers with knowledge to make informed decisions about their property taxes. When he's not working, Michael enjoys hiking and exploring the great outdoors.