Example of Osborne County Property Tax Calculation
To calculate the property tax in Osborne County, one must first determine the assessed value of the property. This value is calculated by multiplying the fair market value of the property (as determined by assessors) by the assessment rate, which is set by the state.
Next, the assessed value is multiplied by the mill levy, which is the amount of tax per $1,000 of assessed value. This mill levy rate is set by the local government and can vary depending on the location and type of property.
For example, if a property in Osborne County has a fair market value of $100,000 and an assessment rate of 11.5%, the assessed value would be $11,500. If the mill levy rate for the area is 100, the property tax would be calculated as follows:
Assessed value: $11,500 Mill levy rate: 100 Property tax = Assessed value x (Mill levy rate / 1,000) Property tax = $11,500 x (100 / 1,000) Property tax = $1,150
Therefore, the property tax for this hypothetical property in Osborne County would be $1,150.
If you want appeal your property tax assessment - contact your local tax assessor.
Osborne County Property Tax Rates
The following table displays the Osborne County Property Tax rates per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $1.98 |
| City of Alton | $2.00 |
| City of Downs | $1.95 |
| USD 392 | $4.06 |
| City of Natoma | $1.80 |
It is important to note that these rates are subject to change and may vary based on specific property classifications and assessments. Residents are advised to consult with their local tax assessor's office for the most accurate and up-to-date information regarding property taxes in Osborne County.
Who sets property tax rates in Osborne County ?
Who sets property tax rates in Osborne County?
In Osborne County, property tax rates are set by two different entities: the County Commission and the local school district.
When are property tax rates set in Osborne County?
The County Commission typically sets property tax rates in Osborne County in July or August each year. The local school district sets their property tax rates in August or September.
How are property tax rates determined in Osborne County?
Property tax rates in Osborne County are determined based on the assessed value of properties within the county. The County Commission and the local school district each set their own tax rates, which are then applied to the assessed value of each property to determine the amount of property taxes owed.
What is the current property tax rate in Osborne County?
The current property tax rate in Osborne County varies depending on the specific location within the county and whether the property is located within the boundaries of a specific school district. Residents can contact the Osborne County Clerk's office for more information on current property tax rates in their area.
Homestead exemptions in Osborne County ?
To provide a comprehensive guide on the county specific Homestead exemptions and deductions in Osborne County, Kansas, the following table is created with four columns:
| Column | Description |
|---|---|
| Exemption | The type of Homestead exemption or deduction available in Osborne County |
| Eligibility | The criteria a property owner must meet to qualify for the exemption or deduction |
| Amount | The dollar amount of the exemption or deduction |
| Notes | Additional information or requirements related to the exemption or deduction |
Below is a list of all the Homestead exemptions and deductions available in Osborne County:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Property Tax | Available to all Kansas residents who own and occupy their primary residence as of January 1st of the tax year. | Up to $2,500 per year | The maximum benefit amount increases each year based on the Consumer Price Index. |
| Homestead Property Tax | Available to disabled Kansans or Kansans over 61 years of age who own and occupy their primary residence as of January 1st of the tax year. | Up to $3,000 per year | The maximum benefit amount increases each year based on the Consumer Price Index. |
| Homestead Refund | Available to Kansans who own and occupy their primary residence as of January 1st of the tax year and have an annual household income below $35,700. | Up to $700 per year | The refund amount is based on a sliding scale, with larger refunds available to those with lower incomes. |
| Property Tax Relief Program | Available to Kansans who are at least 65 years of age or disabled, and have an annual household income below $20,000. | A portion of the property tax owed is paid by the State of Kansas. | The amount of relief varies based on income, property value, and tax rates. |
| Military Exemption | Available to military service members who own and occupy their primary residence as of January 1st of the tax year. | Up to $1,000 per year | Must provide proof of active duty status. |
| Disability Exemption | Available to disabled Kansans who own and occupy their primary residence as of January 1st of the tax year. | Up to $1,500 off the appraised value of the property. | Must provide proof of disability. |
| Low Income Exemption | Available to Kansans who are at least 65 years of age or disabled, and have an annual household income below $18,200. | Up to $1,500 off the appraised value of the property. | Must provide proof of income. |
It's important to note that each exemption and deduction has its own eligibility criteria and application process. Property owners in Osborne County are encouraged to consult with the County Assessor's office for specific information on how to apply for these benefits.
When is Osborne County Property Tax due ?
Osborne County Property Tax is typically due on December 20th of each year. There are several payment methods available for residents to pay their property taxes, including:
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In-person: Residents can pay their property taxes in person at the Osborne County Treasurer's office located at 423 W. Main St., Osborne, KS 67473. Payment can be made using cash, check, or money order.
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By mail: Residents can also mail their property tax payment to the Osborne County Treasurer's office. The address is the same as above. Payment can be made using a check or money order. Residents are encouraged to include their tax statement or payment coupon with their payment.
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Online: Residents can pay their property taxes online through the Osborne County Treasurer's website. Payment can be made using a credit card or e-check. There is a convenience fee associated with paying online.
It is important to note that if a resident's property taxes are not paid by December 20th, they will be considered delinquent and subject to penalties and interest. Therefore, residents are encouraged to pay their property taxes on time using one of the payment methods listed above.
If you have more questions - contact your local tax collector.
How is Osborne County Property Tax penalty calculated ?
Property taxes are essential funding sources for local governments to provide public services to their citizens. If you own property in Osborne County, Kansas, it's crucial you pay your property taxes on time. Failure to do so will result in a penalty. Here's how Osborne County calculates its property tax penalty:
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Due Date: The property tax is due on December 20th of each year. If the due date falls on a weekend or holiday, the payment is due the next business day.
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Late Payment Penalty: If the tax payment is not received by the due date, a 2.5% penalty is applied to the unpaid tax amount.
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Additional Penalty: If the tax remains unpaid for 30 days after the due date, an additional 2.5% penalty is added to the unpaid tax amount.
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Interest: Interest is also charged on the unpaid tax balance at a rate of 1% per month, starting on January 1st of the following year.
To make this clearer, let's take an example. Suppose John owns a property in Osborne County and his property tax for the year is $2,000. He fails to pay the full amount by December 20th. Here's how the penalty will be calculated:
| Date | Total Payment | Penalty | Interest |
|---|---|---|---|
| Dec 20th | $2,000 | $0 | $0 |
| Jan 20th | $2,050 ($2,000 + 2.5% penalty) | $50 | $0 |
| Feb 20th | $2,102.50 ($2,050 + 2.5% penalty) | $102.50 | $20.88 ($2,050 x 1% x 1 month) |
As you can see, the penalty and interest accrue over time, resulting in John having to pay more than the original $2,000 tax amount. It's essential to pay property taxes on time to avoid financial and legal consequences.
We recommend contacting the Osborne County Tax Office or a local tax professional for the most up-to-date and accurate information.