Example of Payette County Property Tax Calculation
In Payette County, the property tax is calculated by multiplying the assessed value of a property by the tax rate. For example, if a property is assessed at $100,000 and the tax rate is 2%, the property tax would be $2,000.
To determine the assessed value of a property, the county assessor reviews the property's characteristics, such as size and age, and compares them to similar properties in the area. The assessor then applies the appropriate valuation method to arrive at the assessed value.
The tax rate is set by the county commissioners each year based on the county's budget needs. It is typically expressed as a percentage of the assessed value.
Property owners in Payette County can pay their property taxes in two installments, with the first half due on December 20th and the second half due on June 20th of the following year. Failure to pay property taxes on time can result in penalties and interest charges.
It is important for property owners to keep track of their property tax payments and deadlines to avoid any unnecessary fees or legal consequences.
If you want appeal your property tax assessment - contact your local tax assessor.
Payette County Property Tax Rates
Here is a formatted table of Payette County Property Tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.95 |
| County Road and Bridge | $0.47 |
| County School | $2.87 |
| Ambulance District | $0.30 |
| Cemetery District | $0.10 |
| Hospital District | $0.80 |
| Pest Control District | $0.03 |
These rates are subject to change and may vary depending on the specific location and property type. It is recommended that individuals consult with a tax professional for further assistance.
Who sets property tax rates in Payette County ?
In Payette County, property tax rates are set by the Board of County Commissioners. This board consists of three elected officials who meet regularly to discuss county business, including setting tax rates.
The rates are typically established annually, with the board taking into account various factors such as the county's budget needs, property values, and potential revenue sources. They may also consult with other county officials and residents to gather input and feedback before making a final decision.
Once the rates are set, property owners in Payette County can expect to receive a tax bill that reflects the amount owed based on the assessed value of their property. It is important for property owners to understand how their tax rates are determined and to stay informed about any changes that may affect their tax liability.
Homestead exemptions in Payette County ?
To help Payette County residents navigate the various Homestead exemptions and deductions available, we've compiled a list of the county-specific options. The following columns are included in the table: exemption, eligibility, amount, and notes.
Payette County Homestead Exemptions and Deductions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homeowner's Exemption | Must be resident of Idaho and own and occupy home | Up to $100,000 of assessed value | Reduces taxable value of primary residence |
| Circuit Breaker | Must be 65 years or older, or disabled | Up to $1,320 | Applies to taxes on primary residence, limited income required |
| Veterans' Exemption | Must be honorably discharged veteran or surviving spouse | Up to $1,320 or up to $1,600 if over 10% disabled | Can be used on primary residence or vehicle |
| Property Tax Reduction | Must be 65 years or older, or disabled, or widowed with limited income | Varies based on income and property value | Application required, must reapply annually |
| Agricultural Land Exemption | Must meet certain criteria related to land use | Varies based on acreage and use | Exemption applies to land used for agriculture, application required |
These Homestead exemptions and deductions can provide significant relief for Payette County homeowners. Don't forget to check eligibility requirements and apply before tax season.
When is Payette County Property Tax due ?
Payette County Property Tax is typically due on December 20th of each year. However, if December 20th falls on a weekend or holiday, the due date will be extended to the next business day. It's important for property owners to make payment by the due date to avoid late fees and penalties.
Payment methods for Payette County Property Tax include:
- Mail: Property owners can send a check or money order by mail to the Payette County Treasurer's office. The mailing address is:
Payette County Treasurer 1130 3rd Ave N, Room 102 Payette, ID 83661
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In-person: Property owners can also make payment in person at the Payette County Treasurer's office during normal business hours. The office is located at the address above.
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Online: Property owners can pay their property taxes online through the Payette County website. This option is available 24/7 and accepts credit card or e-check payments.
It's important to note that property owners in Payette County have the option to pay their property taxes in two installments. The first installment is due on December 20th and the second installment is due on June 20th of the following year. However, if the total tax amount is less than $50, it must be paid in full by December 20th.
By making payment on time and through one of the accepted payment methods, property owners can ensure a smooth and stress-free tax season in Payette County.
If you have more questions - contact your local tax collector.
How is Payette County Property Tax penalty calculated ?
Payette County Property Tax Penalty Calculation
The Payette County Property Tax penalty is calculated based on the amount of taxes owed and the date when the payment is made. The penalty amount for late payment is added to the total tax bill.
The penalty for late payment of taxes in Payette County is 2% of the unpaid balance per month, with a maximum penalty of 24%. The penalty starts accruing on the day following the due date, which is generally December 20th for the first half taxes and June 20th for the second half taxes.
Here is an example of how the penalty is calculated:
Let's say that John owns a property in Payette County and owes $2,000 in property taxes for the first half of the year. The due date for the payment is December 20th, but John forgets to make the payment until January 20th. By this time, John is 1 month late in making the payment.
The penalty for late payment is calculated as follows:
2% of $2,000 = $40 (penalty for one month)
Since John is one month late in making the payment, the penalty will be $40. This penalty will be added to the original tax bill of $2,000, making the total amount due $2,040.
If John continues to delay the payment, the penalty will continue to increase by 2% of the unpaid balance per month until a maximum penalty of 24% is reached.
In summary, property owners in Payette County should make sure to pay their property taxes on time to avoid incurring penalties. It is important to be aware of the due dates and to plan ahead to ensure timely payment.
We recommend contacting the Payette County Tax Office or a local tax professional for the most up-to-date and accurate information.