Example of Nowata County Property Tax Calculation
Nowata County calculates property taxes based on the assessed value of the property. The assessed value is determined by the county assessor's office and takes into account factors such as the property's location, size, and condition.
To calculate the property tax, the assessed value is multiplied by the county's property tax rate. For example, if the assessed value of a property in Nowata County is $100,000 and the property tax rate is 1%, the property tax for that year would be $1,000 ($100,000 x 0.01).
It's important to note that property tax rates can vary depending on the location within Nowata County and any additional taxes levied by local government entities. Property owners can contact the Nowata 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.
Nowata County Property Tax Rates
The Nowata County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.91 |
| County Health | $0.15 |
| County Library | $0.14 |
| County Schools | $2.73 |
| City of Nowata | $1.50 |
| City of Delaware | $4.46 |
| City of South Coffeyville | $1.84 |
It is important to note that property tax rates may vary depending on the specific property and its location within the county. Property owners in Nowata County should consult with a tax professional or local county officials for more detailed information on their individual property tax rates.
When is Nowata County Property Tax due ?
Nowata County Property Tax is typically due on December 31st of each year. Property owners are notified of the amount due through a tax statement sent by mail.
Payment methods for Nowata County Property Tax include:
- Online: Property owners can pay their property tax bill online using a credit card, debit card, or eCheck through the county's website.
- Mail: Property owners can send a check or money order by mail to the county treasurer's office.
- In-person: Property owners can pay their property tax bill in person at the county treasurer's office located in the courthouse.
It's important to note that failure to pay property taxes by the due date can result in penalties and fees. Property owners are encouraged to pay their taxes on time to avoid any additional costs.
If you have more questions - contact your local tax collector.
Who sets property tax rates in Nowata County ?
Property Tax Rates in Nowata County
- Who sets the property tax rates?
The property tax rates in Nowata County are determined by the Nowata County Board of Commissioners. They are responsible for setting the rates and determining how the tax revenue will be distributed among the various entities that rely on the funds, such as schools, libraries, and local government agencies.
- When are the property tax rates set?
The County Board of Commissioners typically sets the property tax rates during their annual budget process, which takes place in the fall of each year. After reviewing the county's financial needs and available revenue, they will determine the property tax rates for the upcoming year.
It's important to note that property tax rates can vary from year to year, depending on a variety of factors such as changes in property values, tax levies, and state laws. Property owners in Nowata County can contact the county assessor's office for more information about how their property taxes are calculated and to address any questions or concerns about their tax bills.
How is Nowata County Property Tax penalty calculated ?
Nowata County Property Tax Penalty Calculation
In Nowata County, property taxes are due by December 31st of each year. If the taxes are not paid by the due date, a penalty will be assessed. The penalty is calculated as a percentage of the unpaid taxes and accrues monthly until the taxes are paid.
The penalty rate for delinquent taxes in Nowata County is 1.5% per month or 18% per year. The penalty is calculated by multiplying the unpaid tax amount by the penalty rate for each month the taxes are delinquent.
For example, if a property owner has an unpaid tax balance of $5,000 and misses the December 31st deadline, the penalty for January would be $75 (1.5% of $5,000). If the taxes remain unpaid in February, the penalty for that month would be $82.50 (1.5% of $5,000 + $75 penalty from January). The penalty will continue to accrue each month until the taxes are paid in full.
To summarize, the Nowata County Property Tax Penalty is calculated as follows:
- Penalty rate: 1.5% per month or 18% per year
- Penalty calculation: Unpaid tax amount x penalty rate for each delinquent month
Nowata County property owners are encouraged to pay their property taxes on time to avoid penalties.
Homestead exemptions in Nowata County ?
In Nowata County, Oklahoma, there are several Homestead exemptions and deductions that residents may be eligible for. To help you understand these exemptions and deductions, we have created a table with the following columns:
| Column | Description |
|---|---|
| Exemption | Lists all the county-specific Homestead exemptions and deductions available in Nowata County, Oklahoma. |
| Eligibility | Indicates the requirements or qualifications that must be met by the residents to be eligible for the exemptions. |
| Amount | Displays the value or amount of the deduction or exemption that the residents can claim on their taxes. |
| Notes | Provides additional information or details that can help residents understand the exemptions or deductions better. |
Here are the county-specific Homestead exemptions and deductions in Nowata County:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Own and occupy a home in Nowata County, Oklahoma. | $1000 | The first $1000 of the assessed value of the home is exempt from ad valorem taxation. |
| Homestead Exemption for Veterans | Be a veteran who served in the United States Armed Forces and have an honorable discharge. | $1,000 | The veteran must have a service-connected disability rating of 50% or higher. |
| Disabled Veteran Homestead Exemption | Be a veteran who served in the United States Armed Forces and have an honorable discharge. | $1,000 | The veteran must have a service-connected disability rating of 100% or higher. |
| Senior Citizen Homestead Exemption | Be 65 years of age or older and own and occupy a home in Nowata County, Oklahoma. | $1,000 | |
| School District Homestead Exemption | Own and occupy a home in a school district that imposes a tax for the maintenance and operation of schools. | $1,000 | |
| Homestead Exemption for Totally Disabled Individuals | Be totally disabled and own and occupy the home in Nowata County, Oklahoma. | $1,000 | |
| Agricultural Exemption for Homesteads | Own and occupy a home on agricultural land in Nowata County, Oklahoma. | Exempt from ad valorem taxation | The first $1000 of the assessed value of the home is exempt from ad valorem taxation. |
| Homestead Exemption for Widows and Widowers | Be over 55 years old and be a surviving spouse of a person who qualified for the General Homestead Exemption. | $1,000 |
It's important to note that residents must apply for these exemptions and meet all eligibility requirements to receive them. Additionally, some exemptions may have income and residency limitations. It's recommended that residents consult with their county tax assessor's office for more information on how to apply and eligibility requirements.
We recommend contacting the Nowata County Tax Office or a local tax professional for the most up-to-date and accurate information.