Example of Mountrail County Property Tax Calculation
In Mountrail County, property tax is calculated by multiplying the assessed value of the property by the tax rate. For example, if a property in Mountrail County has an assessed value of $100,000 and the tax rate is 1%, the property tax would be $1,000 ($100,000 x 1% = $1,000). The assessed value is determined by the county assessor's office and is based on factors such as the property's size, location, and condition.
It's important to note that the tax rate can vary depending on the location and type of property. Additionally, there may be additional taxes or fees levied by other entities such as the school district or city government.
Overall, understanding how property tax is calculated in Mountrail County can help property owners plan and budget accordingly for this important expense.
If you want appeal your property tax assessment - contact your local tax assessor.
Mountrail County Property Tax Rates
Here's a table that lists the Mountrail County Property Tax rates per $100 of assessed value for 2021:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Residential | $10.73 |
| Commercial | $15.20 |
| Agricultural | $7.73 |
| Oil & Gas | $35.31 |
It's important to note that these rates are subject to change and may vary depending on your specific property and its classification. It's recommended to consult with a tax professional for personalized advice regarding your property taxes in Mountrail County.
Who sets property tax rates in Mountrail County ?
Property Tax Rates in Mountrail County
In Mountrail County, North Dakota, property tax rates are set by the Mountrail County Board of Commissioners. This is a group of elected officials who are responsible for overseeing local government activities, including setting tax rates.
Property tax rates are typically established annually, with public input and approval from the commissioners. The rates are based on the assessed value of each property within the county.
It is important to note that property tax rates may vary depending on the location and type of property being assessed. For example, residential properties may have different tax rates than commercial properties.
If you have any questions or concerns about property taxes in Mountrail County, you can contact the Mountrail County Treasurer's Office for more information.
Homestead exemptions in Mountrail County ?
Here's a sample blog post on creating a table for county-specific Homestead exemptions and deductions in Mountrail County, North Dakota:
Homestead Exemptions and Deductions in Mountrail County, North Dakota
If you're a homeowner in Mountrail County, North Dakota, you may be eligible for county-specific Homestead exemptions and deductions. These tax breaks can save you money on your property taxes and make homeownership more affordable. Here's a breakdown of the types of exemptions and deductions available in Mountrail County:
Exemptions
An exemption is a reduction or elimination of property taxes for certain homeowners. Here are the Homestead exemptions available in Mountrail County:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Owner-occupied primary residence | Up to $100,000 of taxable value | Applies to school, county, and city taxes |
| Disabled Veteran | Honorably discharged veteran with a service-related disability | Up to $200,000 of taxable value | Applies to county taxes |
| Paraplegic or Multiple Amputee | Homeowner with permanent and total disability | Up to $120,000 of taxable value | Applies to county taxes |
Deductions
A deduction is a reduction in taxable value or income that can lower your property taxes. Here are the Homestead deductions available in Mountrail County:
| Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly and Disabled | Homeowner over 65 years old or permanently disabled | Up to $6,750 of taxable value | Applies to school, county, and city taxes |
| Military Active Duty | Homeowner on active military duty | Up to $6,750 of taxable value | Applies to school, county, and city taxes |
| Military Reserve and National Guard | Homeowner in military reserve or National Guard | Up to $6,750 of taxable value | Applies to school, county, and city taxes |
Note: These exemptions and deductions are subject to change, and eligibility requirements may vary. Check with the Mountrail County Auditor's office for the most up-to-date information and application procedures.
By taking advantage of these Homestead exemptions and deductions, Mountrail County homeowners can save money on their property taxes and make homeownership more affordable. If you think you might be eligible for one of these tax breaks, be sure to explore your options and apply before the deadline.
When is Mountrail County Property Tax due ?
Mountrail County Property Tax Due Date and Payment Methods
Mountrail County Property Tax is typically due on or before February 15th of each year. The county issues the tax statements in December, which gives property owners around two months to make their payments.
The payment methods accepted by the Mountrail County Tax Office include:
| Payment Method | Details |
|---|---|
| In Person | Payments can be made in person at the Mountrail County Tax Office, located at 101 N Main St, Stanley, ND 58784. Cash, checks, and credit cards are accepted. |
| By Mail | Payments can be mailed to Mountrail County Treasurer, P.O. Box 69, Stanley, ND 58784. Checks are the only accepted form of payment by mail. |
| Online | Payments can be made online through the Mountrail County website. Property owners can pay using electronic check, credit or debit card. A convenience fee will be charged for online payments. |
It's important to note that the Mountrail County Tax Office does not accept post-dated checks. Property owners should ensure that their payments are received on or before the due date to avoid penalty fees.
In summary, Mountrail County Property Tax is due on February 15th of each year. Payment methods include in-person, mail, and online payments. Checks, cash, credit and debit cards are accepted with a convenience fee charged for online payments.
If you have more questions - contact your local tax collector.
How is Mountrail County Property Tax penalty calculated ?
Mountrail County Property Tax Penalty Calculation
Mountrail County imposes penalties on property owners who fail to pay their property taxes on time. The penalty is calculated based on the amount of taxes owed and the number of days that the taxes are delinquent. The penalty rate is set by the state law and is subject to change.
Calculation Formula
The formula for calculating the penalty is as follows:
Penalty = (Delinquent Taxes Penalty Rate Delinquent Days) / 365
Example Calculation
Let's take an example to understand how the penalty is calculated in Mountrail County.
Assume that John owns a property in Mountrail County and owes $4,000 in property taxes. The due date for the taxes was February 15th, but John failed to pay the taxes on time. He made the payment on March 15th, 30 days late.
The penalty rate for delinquent property taxes in Mountrail County is 1% per month, which translates to 0.033% per day.
Using the formula, we can calculate John's penalty as follows:
Penalty = ($4,000 0.033% 30) / 365 = $13.04
Therefore, John will have to pay an additional penalty of $13.04 on top of his original property tax amount.
Conclusion
In summary, Mountrail County property tax penalty is calculated based on the amount of delinquent taxes, penalty rate, and the number of days that the taxes are delinquent. It's important for property owners to pay their taxes on time to avoid penalties and interest charges.
We recommend contacting the Mountrail County Tax Office or a local tax professional for the most up-to-date and accurate information.