Example of Owyhee County Property Tax Calculation
Owyhee County calculates property tax based on the assessed value of the property. The assessed value is determined by the county assessor's office using various factors, including the size and condition of the property, recent sales of comparable properties, and any improvements made to the property.
To calculate the property tax, the assessed value is multiplied by the county's tax rate, which is set by the county commissioners. For example, if the assessed value of a property in Owyhee County is $100,000 and the tax rate is 1%, the property tax would be $1,000.
It's important to note that some properties may qualify for exemptions or reductions in property tax, such as those owned by seniors or veterans. Property owners in Owyhee County can contact the county assessor's office for more information on these programs.
If you want appeal your property tax assessment - contact your local tax assessor.
Owyhee County Property Tax Rates
The Owyhee County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.614 |
| School | $1.705 |
| Fire | $0.255 |
| Cemetery | $0.041 |
| Highway | $0.100 |
| Mosquito Abatement | $0.050 |
These rates are subject to change and may vary depending on the specific property being assessed. It is recommended to consult with a tax professional for specific and up-to-date information regarding property taxes in Owyhee County.
Who sets property tax rates in Owyhee County ?
Who Sets Property Tax Rates in Owyhee County?
In Owyhee County, property tax rates are set by two main entities: the county commissioners and the local school boards.
County Commissioners: The Owyhee County Board of Commissioners serves as the primary governing body for the county. They are responsible for setting the overall tax rate for the county, which includes property taxes. The commissioners evaluate the county's budget, including funding for various departments such as law enforcement, road maintenance, and other county services, in order to determine the appropriate tax rate.
Local School Boards: In addition to the county commissioners, local school boards are also involved in setting property tax rates in Owyhee County. Idaho law allows school districts to levy property taxes to fund their operations. The school boards develop a budget for their district and determine the amount of property tax revenue they require to meet their funding needs.
When Are Property Tax Rates Set? Property tax rates in Owyhee County are typically set annually in the late summer or early fall. The county commissioners and local school boards hold public meetings to discuss the proposed tax rates and gather feedback from the community before making a final decision.
It is important to note that property tax rates can vary depending on the location and type of property. For more information on property tax rates in Owyhee County, individuals should contact the county assessor's office.
Homestead exemptions in Owyhee County ?
Table: Owyhee County Homestead Exemptions and Deductions
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Property Tax Reduction | Must be a homeowner and 65 years old or older or have a disability | Up to $1,320 | Must apply annually by April 15th |
| Circuit Breaker | Must be a homeowner and have a low or fixed income | Up to $1,320 | Must apply annually by April 15th |
| Disabled Veterans | Must be a veteran with a service-connected disability | Up to $1,320 | Must provide documentation from the Department of Veterans Affairs |
| Surviving Spouse of a Veteran | Must be the spouse of a deceased veteran with a service-connected disability | Up to $1,320 | Must provide documentation from the Department of Veterans Affairs |
| Agricultural Land Exemption | Must have qualifying agricultural property | Varies | Must apply annually by June 15th |
| Homeowners Exemption | Must own and occupy the property as a primary residence | Up to $100,000 of assessed value | Automatically applied to eligible properties |
| Personal Property Exemption | Must own personal property used for household purposes | Up to $3,000 | Automatically applied to eligible properties |
Notes:
- All applications for exemptions and deductions must be submitted to the Owyhee County Assessor's office.
- The amount of the exemptions and deductions may vary based on individual circumstances and property values.
- Homeowners may only claim the Homeowners Exemption on one property in Idaho.
- The Personal Property Exemption does not apply to business personal property or personal property used for commercial purposes.
When is Owyhee County Property Tax due ?
Owyhee County Property Tax is typically due on December 20th of each year. There are several payment methods available to property owners:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their property taxes online through the Owyhee County website. They can use a credit/debit card or an electronic check. |
| Property owners can also mail in their property tax payments to the Owyhee County Treasurer's office. The payment must be postmarked by December 20th to be considered on time. | |
| In person | Property owners can pay their property taxes in person at the Owyhee County Treasurer's office. The office is located at 20381 Simplot Blvd, Caldwell, ID 83605. |
It is important to note that if the December 20th deadline is missed, the property owner will face penalties and interest charges. Therefore, it is advisable to pay the property tax on time through one of the available payment methods.
If you have more questions - contact your local tax collector.
How is Owyhee County Property Tax penalty calculated ?
Owyhee County calculates property tax penalties based on a set formula. The penalty is added when the tax payment is late, and it is calculated as a percentage of the total tax amount owed.
Here is an example of how the penalty is calculated:
| Payment Due Date | Total Tax Amount | Penalty Amount |
|---|---|---|
| October 31, 2020 | $1,500 | $75 |
| November 1, 2020 - November 30, 2020 | $1,500 | $150 |
| December 1, 2020 and later | $1,500 | $225 |
As you can see, the penalty increases as the payment becomes more overdue. It starts at 5% of the total tax amount owed and increases by 1% for each additional month the payment is late, up to a maximum of 15%.
It's important to note that these penalties are in addition to any interest charged on the late payment. Interest is calculated at a rate of 1% per month, starting on November 1st.
To avoid penalties and interest, it's crucial to make property tax payments on time. If you're struggling to pay your taxes, reach out to the Owyhee County tax collector's office for assistance.
We recommend contacting the Owyhee County Tax Office or a local tax professional for the most up-to-date and accurate information.