Example of Pawnee County Property Tax Calculation
Pawnee County calculates property tax based on the assessed value of the property. The assessed value is determined by the county assessor's office and is a percentage of the property's market value. For example, if a property is assessed at 80% of its market value and the market value is $100,000, then the assessed value is $80,000.
Once the assessed value is determined, Pawnee County applies the current tax rate to calculate the property tax owed. The tax rate is expressed as a percentage of the assessed value. For instance, if the tax rate is 1.5% and the assessed value is $80,000, then the property tax owed is $1,200.
It's essential to note that property tax calculation varies from state to state and county to county. The formula for Pawnee County described above is only an example and may not apply to other locations. Additionally, exemptions and deductions may apply to reduce the amount of property tax owed. It's critical to consult with a tax professional for specific information on property tax calculation and deductions.
If you want appeal your property tax assessment - contact your local tax assessor.
Pawnee County Property Tax Rates
According to the latest data, the Property Tax rates in Pawnee County, US are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.485 |
| School District Tax | $1.62 |
| City Tax | $0.275 |
| Special District Tax | $0.12 |
It is important to note that these rates may vary depending on the location and type of property in question. Therefore, it is recommended to consult with a local tax advisor or the county tax assessor's office for more specific information.
Who sets property tax rates in Pawnee County ?
Who sets property tax rates in Pawnee County? The Pawnee County Board of Commissioners sets property tax rates annually.
When are property tax rates set in Pawnee County? Property tax rates are set by the Pawnee County Board of Commissioners each year before the end of the fiscal year, which falls on June 30th.
How are property tax rates determined in Pawnee County? The Pawnee County Board of Commissioners reviews the county's budget and sets the property tax rates accordingly. They take into consideration the county's revenue needs and the assessed valuation of properties in the county.
What is the current property tax rate in Pawnee County? As of 2021, the property tax rate in Pawnee County is 0.0355 per $100 of assessed valuation.
How are property taxes calculated in Pawnee County? To calculate property taxes in Pawnee County, one must multiply the assessed value of the property by the current property tax rate. For example, if a property is assessed at $100,000, the property taxes would be $35.50 per year.
When is Pawnee County Property Tax due ?
Pawnee County Property Tax is typically due on December 20th of each year. Pro-rated taxes may be due if a property is purchased or sold during the year. There are several payment methods available to property owners, including online payments, in-person payments at the County Treasurer's Office, and by mail. The table below outlines the payment methods and associated fees:
| Payment Method | Fee |
|---|---|
| Online Payment (e-check) | $0.50 |
| Online Payment (credit/debit card) | 2.5% of payment amount |
| In-person Payment | No fee |
| Mail-in Payment | No fee |
It's important to note that failure to pay property taxes on time can result in penalties and interest charges, and can ultimately lead to a tax sale of the property. Therefore, it's recommended that property owners make timely payments and keep track of their payment deadlines.
If you have more questions - contact your local tax collector.
How is Pawnee County Property Tax penalty calculated ?
Pawnee County Property Tax Penalty Calculation:
Pawnee County assesses penalties on unpaid property taxes as per the guidelines set by the state of Kansas. The penalty is calculated based on the following factors:
- Penalty rate: The penalty rate is set by the state and is usually a percentage of the unpaid taxes. In Pawnee County, the penalty rate is 1% per month, which is applied to the unpaid tax amount.
- Penalty period: The penalty period starts on the first day of the month following the due date of the taxes and ends on the date the taxes are paid in full. For example, if the taxes are due on December 20th and are not paid by that date, the penalty period would start on January 1st and end on the date the taxes are paid in full.
- Interest: In addition to the penalty, interest is also charged on the unpaid taxes. The interest rate is set by the state and is currently 10% per year. Interest is calculated daily and added to the unpaid tax amount.
Example:
Let's say that John owns a property in Pawnee County and his property taxes for the year 2020 were due on December 20th, 2020. However, he did not pay the taxes by the due date and now owes $2,000 in unpaid taxes. Here's how the penalty and interest would be calculated:
- Penalty rate: 1% per month or 12% per year
- Penalty period: January 1st, 2021 to the date taxes are paid in full
- Interest rate: 10% per year, calculated daily
Assuming John pays his taxes on February 28th, 2021, his penalty and interest would be calculated as follows:
- Penalty: $2,000 x 1% x 2 months = $40
- Interest: ($2,000 x 10% / 365) x 70 days = $38.36
Therefore, John would owe $2,078.36 in total, which includes the original tax amount of $2,000 plus a penalty of $40 and interest of $38.36.
It's important to note that the penalty and interest rates are subject to change by the state and counties may have different penalty rates. It's always a good idea to pay property taxes on time to avoid penalties and interest.
Homestead exemptions in Pawnee County ?
Pawnee County Homestead Exemptions and Deductions
Below is a table detailing all county-specific Homestead exemptions and deductions in Pawnee County, Oklahoma.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| County Assessor/ Auditor's Homestead Exemption | Homeowner with legal residency in the state of Oklahoma, occupying the property as their primary residence as of January 1st of the applicable tax year | Up to $1,000 of the assessed value of the property | Must be filed with the County Assessor/Auditor by March 15th of the applicable tax year |
| Senior Citizen's Homestead Exemption | Homeowner must be at least 65 years old and have legal residency in the state of Oklahoma, occupying the property as their primary residence as of January 1st of the applicable tax year | Up to $20,000 of the assessed value of the property | Must be filed with the County Assessor/Auditor by March 15th of the applicable tax year |
| Disabled Person's Homestead Exemption | Homeowner must have a permanent disability as defined by Oklahoma law, be a legal resident of Oklahoma, and occupy the property as their primary residence as of January 1st of the applicable tax year | Up to $20,000 of the assessed value of the property | Must be filed with the County Assessor/Auditor by March 15th of the applicable tax year |
| Veterans Homestead Exemption | Homeowner must be a veteran of the U.S. Armed Forces who was honorably discharged and has legal residency in Oklahoma, occupying the property as their primary residence as of January 1st of the applicable tax year | Up to $1,000 of the assessed value of the property | Must be filed with the County Assessor/Auditor by March 15th of the applicable tax year |
| Homestead Exemption for Surviving Spouse | Surviving spouse of a homeowner who passed away can continue to receive the Homestead exemption if the property remains their primary residence | Up to $1,000 of the assessed value of the property | Must be filed with the County Assessor/Auditor by March 15th of the applicable tax year |
| Agricultural Land Deduction | Property must be used primarily for agricultural purposes, and the owner must file an application with the County Assessor/Auditor showing the property's eligibility | Up to $1,500 of the assessed value of the property | Must be filed with the County Assessor/Auditor by March 15th of the applicable tax year |
It is important to note that all exemptions and deductions are subject to change and may have additional requirements not listed here. For more information on these Homestead exemptions and deductions in Pawnee County, homeowners should contact the County Assessor/Auditor's office.
We recommend contacting the Pawnee County Tax Office or a local tax professional for the most up-to-date and accurate information.