Example of Ontonagon County Property Tax Calculation
Ontonagon County Property Tax is calculated based on the assessed value of the property, which is determined by the county assessor's office. The tax rate is then applied to the assessed value to determine the amount of property taxes owed.
For example, if a property in Ontonagon County has an assessed value of $100,000 and the tax rate is 2%, the property owner would owe $2,000 in property taxes for the year.
It is important to note that property tax rates can vary based on factors such as location and property type, so it is always a good idea to check with the county assessor's office for the most accurate information.
If you want appeal your property tax assessment - contact your local tax assessor.
Ontonagon County Property Tax Rates
The following table provides the Ontonagon County Property Tax rates, listed by tax and rate per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| State Tax | $0.60 |
| School Tax | $5.50 |
| County Tax | $3.60 |
| Township Tax | $1.20 |
| Special Assessment Tax | Varies depending on the property |
Note that the Special Assessment Tax rate varies depending on the property and its location within the county. It is advisable to consult with a tax professional for more specific information regarding your property.
Who sets property tax rates in Ontonagon County ?
Ontonagon County Property Tax Rates:
Property tax rates in Ontonagon County are set by the county government. The County Board of Commissioners sets the tax rates each year during their budget process. The rates are typically set in December or early January for the following tax year.
The County Board of Commissioners reviews the budget requests from each department and determines the amount of revenue needed to fund county operations. They then set the property tax rates based on the total amount of revenue needed and the assessed value of properties in the county. The tax rate is expressed as a percentage of the assessed value of the property.
Property owners in Ontonagon County can expect to receive their property tax bills in July, with payment due by September 14th. Property owners are encouraged to review their tax bills carefully and to contact the county treasurer's office if they have any questions or concerns.
Homestead exemptions in Ontonagon County ?
To help homeowners in Ontonagon County, Michigan, this blogger has compiled a list of county-specific Homestead exemptions and deductions. The table below includes columns for exemption, eligibility criteria, maximum amount, and notes.
| Exemption | Eligibility Criteria | Maximum Amount | Notes |
|---|---|---|---|
| Principal Residence Exemption (PRE) | Homeowner must occupy the property as their primary residence | 18 mills in school tax | Must file an affidavit by June 1st |
| Disabled Veterans Exemption | Veteran must have a service-connected disability rating of 100% | $50,000 Assessable Value | Must file an affidavit by June 1st |
| City of White Pine Exemption | Homeowner must reside within the City of White Pine | 50% of city operating taxes | Must file an affidavit by June 1st |
| Forest Preserve Exemption | Homeowner must have a qualifying forest management plan | Varies based on acreage and appraisal | Must file an affidavit by May 1st |
| Agricultural Exemption | Property must be used for agricultural purposes | Varies based on acreage and appraisal | Must file an affidavit by May 1st |
| Local Millage Exemptions and Deductions | Varies based on school district and municipality | Varies | Contact local assessor for more information |
Homeowners should be sure to check with their local assessor for specific details and deadlines regarding these exemptions and deductions. By taking advantage of these opportunities, homeowners can potentially save thousands of dollars on their property taxes each year.
When is Ontonagon County Property Tax due ?
Ontonagon County Property Tax is typically due on September 14th of each year.
Payment Methods
There are several ways to pay Ontonagon County Property Tax:
| Payment Method | Details |
|---|---|
| In-person | Payment can be made in person at the Ontonagon County Treasurer's Office during regular business hours. The office is located at 725 Greenland Road, Ontonagon, MI 49953. |
| By Mail | Pay by mailing a check or money order to the Ontonagon County Treasurer's Office at P.O. Box 206, Ontonagon, MI 49953. Be sure to include the Property ID number on the check or money order. |
| Online | Payments can be made online by visiting the Ontonagon County Treasurer's website and following the instructions for online payment. A convenience fee will be charged for this service. |
| Bank Bill Pay | Property tax payments can be made through bank bill pay services. Contact your bank for more information on how to set this up. |
It is important to note that failure to make property tax payments by the due date can result in penalties and interest charges.
If you have more questions - contact your local tax collector.
How is Ontonagon County Property Tax penalty calculated ?
Ontonagon County Property Tax Penalty Calculation
Property tax penalties in Ontonagon County are calculated based on the amount of the unpaid tax and the length of time it remains unpaid. The penalty is assessed as a percentage of the unpaid tax amount, and it increases over time until the tax is paid or the property is foreclosed.
Here is an example to help illustrate how the penalty is calculated:
- John owns a property in Ontonagon County with a total assessed value of $100,000.
- The property tax rate in Ontonagon County is 1%, so John owes $1,000 in property taxes for the year.
- The due date for the property tax payment is February 14th.
- John does not pay his property taxes by the due date, so a penalty is assessed.
- The penalty for late payment is 1% of the unpaid tax amount per month, or 12% per year.
- By March 14th, John has not paid his property taxes, so the penalty is 1% of $1,000, or $10.
- The total amount owed by John is now $1,010.
- If John still does not pay his taxes by April 14th, the penalty will increase to 2%, or $20.
- This process will continue monthly until the taxes are paid or until the property is foreclosed.
In summary, the penalty for late payment of property taxes in Ontonagon County is calculated as a percentage of the unpaid tax amount and increases over time until the taxes are paid or the property is foreclosed. It is important to pay property taxes on time to avoid incurring penalties and additional fees.
We recommend contacting the Ontonagon County Tax Office or a local tax professional for the most up-to-date and accurate information.