Example of Nodaway County Property Tax Calculation
Nodaway County calculates property tax based on the assessed value of a property. For example, if a property in Nodaway County has an assessed value of $100,000, and the county's property tax rate is 2%, the property owner would owe $2,000 in property taxes for the year.
To calculate the property tax, the assessed value is multiplied by the tax rate. In this case, $100,000 multiplied by 2% equals $2,000.
It is important to note that property tax rates can vary between different areas within Nodaway County, and can also change from year to year. Property owners can contact the Nodaway 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.
Nodaway County Property Tax Rates
Here is a formatted table that lists the Nodaway County Property Tax rates per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.3355 |
| Road & Bridge | $0.2000 |
| Senior Citizens | $0.0100 |
| Ambulance | $0.0500 |
| Fire Protection | $0.0217 |
| Nursing Home | $0.0500 |
| Health Center | $0.0348 |
| Library | $0.1200 |
Please note that these rates are subject to change and may vary depending on the specific location and property type. As a tax advisor, it is recommended to consult with a local tax authority or professional for specific tax information and advice.
Who sets property tax rates in Nodaway County ?
Who sets property tax rates in Nodaway County?
The Nodaway County Commission, which consists of three elected officials, sets property tax rates in Nodaway County.
When are property tax rates set in Nodaway County?
Property tax rates are typically set by the Nodaway County Commission in September or October of each year, before the tax bills are mailed out to property owners.
How are property tax rates determined in Nodaway County?
Property tax rates in Nodaway County are determined based on the assessed value of real estate and personal property in the county. The commission calculates the amount of revenue needed to fund the county's budget and sets the tax rate accordingly.
What is the current property tax rate in Nodaway County?
The current property tax rate for Nodaway County in 2021 is $0.5885 per $100 of assessed value for real estate property and $0.6793 per $100 of assessed value for personal property.
How can property owners in Nodaway County pay their property taxes?
Property owners in Nodaway County can pay their property taxes in person at the Nodaway County Collector's Office or through the mail. Additionally, online payment options are available.
Homestead exemptions in Nodaway County ?
To aid Nodaway County residents in understanding their Homestead exemptions and deductions, the following table has been created. This table includes columns for exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Homeowners who are Missouri residents, and who have lived in the property for a minimum of one year before January 1st of the current year. | $5,000 | May include other personal property |
| Senior Citizens Property Tax Credit | Homeowners who are Missouri residents, and who are at least 65 years of age or older, and have a total household income of $30,000 or less. | Varies | Based on income |
| Circuit Breaker Property Tax Credit | Homeowners who are Missouri residents, and who are at least 65 years of age or older, or who are disabled, or who are a surviving spouse of someone who met these qualifications. Total household income must be $30,000 or less. | Varies | Based on income |
| Disabled Veterans Homestead Exemption | Homeowners who are Missouri residents, and who are totally disabled as a result of military service. | Varies | Based on percentage of disability |
| Military Personnel Homestead Exemption | Active duty military personnel who are Missouri residents, and who own a property in Nodaway County. | Varies | Based on percentage of ownership |
It is important to note that there may be additional requirements or limitations associated with each exemption and deduction. Nodaway County residents are encouraged to consult with their local county assessor or the Missouri Department of Revenue for further information.
When is Nodaway County Property Tax due ?
Nodaway County Property Tax is typically due on December 31st of each year. Here are the payment methods available to taxpayers:
Payment Methods
| Method | Description |
|---|---|
| Taxpayers can mail their payment to the Nodaway County Collector's Office at P.O. Box 205, Maryville, MO 64468. | |
| In-Person | Taxpayers can pay in person at the Collector's Office located at 403 North Market, Maryville, MO 64468. |
| Online | Taxpayers can pay online through the Nodaway County Collector's website at www.nodawaycountymo.com/collector. |
| Phone | Taxpayers can pay over the phone by calling the Collector's Office at (660) 582-2251. |
It's important to note that failure to pay property taxes on time can result in penalties and interest. Therefore, it's recommended that taxpayers pay by the December 31st deadline to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Nodaway County Property Tax penalty calculated ?
Nodaway County property tax penalty is calculated based on a set formula that takes into account the amount of taxes due, the date the taxes were originally due, and the number of days past the due date that the taxes remain unpaid. Here is an example of how the penalty is calculated:
- The property owner's tax bill is due on December 31st and the amount owed is $1,000.
- If the property owner does not pay the full amount by December 31st, a penalty of 2% is applied to the total amount owed.
- On January 1st, the total amount owed would be $1,020 ($1,000 plus the 2% penalty of $20).
- If the property owner does not pay by February 28th, an additional penalty of 1% is applied to the total amount owed.
- On March 1st, the total amount owed would be $1,030 ($1,000 plus the 2% penalty of $20 plus the additional 1% penalty of $10).
- If the property owner still does not pay by April 1st, the property may be subject to a tax sale.
It is important for property owners to pay their taxes on time to avoid penalties and potential legal action. Property tax revenue is used to fund local government services such as schools, roads, and law enforcement.
We recommend contacting the Nodaway County Tax Office or a local tax professional for the most up-to-date and accurate information.