Example of Oliver County Property Tax Calculation
Oliver County calculates property tax based on the assessed value of a property. To calculate the property tax, the assessed value of the property is multiplied by the mill levy rate, which is determined by the county.
For example, if a property in Oliver County has an assessed value of $100,000 and the mill levy rate is 100, the property tax would be $10,000 ($100,000 x 0.1).
It's important to note that the mill levy rate can vary depending on the property's location and the services provided by the county. Property owners should check with the Oliver County Property Tax Department to obtain an accurate estimate of their property tax.
If you want appeal your property tax assessment - contact your local tax assessor.
Oliver County Property Tax Rates
Here is a formatted table showing Oliver County Property Tax rates in US dollars per 100$ of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $1.47 |
| School | $2.87 |
| City of Center | $1.54 |
| City of Stanton | $1.62 |
These rates apply to all properties located within Oliver County. It is important to note that property tax rates may be subject to change and taxpayers should consult with their local tax assessor for the most up-to-date information.
Who sets property tax rates in Oliver County ?
Who sets property tax rates in Oliver County?
The Oliver County Board of Commissioners is responsible for setting property tax rates in Oliver County.
When are property tax rates set?
Property tax rates are typically set during the annual county budgeting process, which takes place before the start of the fiscal year. The fiscal year for Oliver County runs from January 1st to December 31st.
How is the property tax rate determined?
The property tax rate is determined based on the assessed value of the property and the needs of the county budget. The county sets a tax levy, which is the amount of money needed to fund county services and operations for the year. The tax levy is then divided among all taxable properties in the county based on their assessed value.
How often do property tax rates change?
Property tax rates can change from year to year depending on the county's budget needs and changes in the assessed value of properties. Property owners are notified of any changes to their property tax rates through their annual property tax assessment statement.
Conclusion
The Oliver County Board of Commissioners sets property tax rates during the annual county budgeting process, based on the assessed value of properties and the needs of the county budget. Property tax rates can change from year to year, and property owners are notified of any changes through their annual property tax assessment statement.
Homestead exemptions in Oliver County ?
To help Oliver County residents navigate their property tax obligations, the following table outlines all county-specific Homestead exemptions and deductions available in the area.
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Credit | Any homeowner | Up to $400 | Reduces taxable value of primary residence |
| Disabled Veteran Exemption | Honorably discharged veterans with service-connected disability | Up to $120,000 | Assessed value reduction for property used as primary residence |
| Residential Property Tax Credit | Any homeowner | Up to $250 | Helps offset property tax burden |
| Agricultural Land Exemption | Agricultural property owners | Up to 100% | Reduces taxable value for land used for agricultural purposes |
| New Construction Exemption | Any homeowner | Up to $75,000 | Assessed value reduction for newly constructed primary residence |
| Senior Citizen Exemption | Homeowners over 65 years old | Up to $6,750 | Reduces taxable value of primary residence |
| Permanently and totally disabled Exemption | Permanently disabled homeowners | Up to $6,750 | Reduces taxable value of primary residence |
It is important to note that eligibility and amounts for each exemption and deduction may vary depending on specific circumstances. Homeowners are encouraged to contact the Oliver County Assessor's Office for more information and application procedures.
How is Oliver County Property Tax penalty calculated ?
Oliver County Property Tax Penalty Calculation
When a property owner in Oliver County fails to pay their property taxes on time, they will be subject to penalties and interest charges. The penalty for delinquent property taxes is calculated based on a percentage of the unpaid balance.
The following table outlines the penalty rates for Oliver County property taxes:
| Timeframe | Penalty Rate |
|---|---|
| First month of delinquency | 5% |
| Second month of delinquency | 6% |
| Third month of delinquency | 7% |
| Fourth month of delinquency | 8% |
| Fifth month of delinquency | 9% |
| Sixth month of delinquency | 10% |
For example, if a property owner in Oliver County has an unpaid property tax balance of $1,000 and misses the first month's deadline, they will be charged a penalty of $50 (5% of $1,000). If they continue to miss the subsequent deadlines, the penalty will continue to increase accordingly.
It's important for property owners in Oliver County to pay their property taxes on time to avoid unnecessary penalties and interest charges.
When is Oliver County Property Tax due ?
Oliver County Property Tax Due Date
Oliver County Property Tax is typically due on March 1st of each year. The tax notice is usually mailed out to property owners by December 26th of the previous year.
Payment Methods
There are several methods available for property owners to pay their Oliver County Property Tax. These options include:
- In-Person: Property owners can make payments in-person at the Oliver County Treasurer's Office, located at 115 W Main St, Center, ND 58530. Office hours are Monday through Friday, from 8:00 AM to 5:00 PM. Cash, checks, and credit cards (Visa, MasterCard, and Discover) are accepted.
- By Mail: Property owners can mail their payments to the Oliver County Treasurer's Office at PO Box 313, Center, ND 58530. Payments must be postmarked on or before March 1st to avoid late fees. Checks should be made payable to "Oliver County Treasurer."
- Online: Property owners can pay their taxes online through the Oliver County website using a credit card (Visa, MasterCard, and Discover) or an electronic check. A convenience fee will apply for this service. Visit the Oliver County website for more information on paying taxes online.
It is important to note that failure to pay property taxes by the due date can result in late fees and penalties. It is recommended that property owners make their tax payments on time to avoid these additional charges.
If you have more questions - contact your local tax collector.
We recommend contacting the Oliver County Tax Office or a local tax professional for the most up-to-date and accurate information.