Example of Pershing County Property Tax Calculation
Pershing County calculates property taxes by multiplying the assessed value of a property by the tax rate assigned by the county. For example, if a property is assessed at $100,000 and the tax rate is set at 2%, the property tax calculation would be $100,000 x 0.02 = $2,000. This means that the property owner would owe $2,000 in property taxes for that year. It's important to note that property values and tax rates can change from year to year, which can affect the amount of property taxes owed.
If you want appeal your property tax assessment - contact your local tax assessor.
Pershing County Property Tax Rates
Here is a table listing the current Pershing County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Real Property | $3.6650 |
| Personal Property | $3.6650 |
| Mobile Homes | $3.6650 |
| Minerals | $0.0869 |
It is important to note that these rates are subject to change, so it is advisable to consult with a tax professional for the most up-to-date information.
Who sets property tax rates in Pershing County ?
Who sets property tax rates in Pershing County?
The Pershing County Board of Commissioners is responsible for setting property tax rates for the county. The board members are elected officials who serve four-year terms and are accountable to the residents of Pershing County.
When are property tax rates set in Pershing County?
Property tax rates in Pershing County are set annually in the fall. The board of commissioners reviews the county's budget and determines the amount of revenue needed to fund essential services and infrastructure projects. They then set the tax rate to generate the necessary funds.
How are property tax rates calculated in Pershing County?
Property tax rates in Pershing County are calculated based on the assessed value of the property. The county assessor's office determines the value of each property based on factors such as size, location, and condition. The tax rate is then applied to the assessed value of the property to determine the amount of tax owed.
Below is a summary of the property tax rate for Pershing County in the current fiscal year (2021-2022):
| Property Type | Tax Rate (per $100 of assessed value) |
|---|---|
| Residential | $3.491 |
| Commercial | $3.491 |
| Agricultural | $3.491 |
| Minerals | $3.491 |
Note: These rates are subject to change based on the budget and revenue needs of the county.
Homestead exemptions in Pershing County ?
To help homeowners in Pershing County, Nevada, take advantage of the various Homestead exemptions and deductions available to them, the following table has been created with four columns: exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Primary residence | Up to $550,000 | Covers principal residence and up to one acre of land |
| Veteran's exemption | Veteran, surviving spouse, or minor child of veteran | Up to $20,000 | Must have served during a designated period of conflict |
| Blind exemption | Blind individual | Up to $5,000 | Must provide proof of blindness |
| Disabled veteran's exemption | Veteran with service-connected disability | Up to $100,000 | Percentage of exemption varies based on disability rating |
| Surviving spouse exemption | Surviving spouse of a service member killed in action | 100% exemption | Must have been a resident of the state for at least six months |
| Senior citizen exemption | Homeowner over 62 years old | Up to $20,000 | Must have lived in the residence for at least six months |
| Religious property exemption | Property used exclusively for religious worship | 100% exemption | Must be owned by religious organization |
| Agricultural exemption | Property used for agricultural purposes | Up to 95% exemption | Must meet certain criteria and be actively used for agriculture |
It is important to note that some of these exemptions may have additional eligibility requirements or restrictions. Homeowners in Pershing County are encouraged to research and consult with the county assessor's office to determine which exemptions and deductions they may qualify for.
When is Pershing County Property Tax due ?
Pershing County Property Tax is typically due on October 1st of each year. However, taxpayers have the option to pay the full amount in a lump sum or in two installments. The first installment is due on October 1st, and the second is due on March 1st of the following year.
Payment methods for Pershing County Property Tax include:
- Online payments: Taxpayers can pay their property taxes online through the Pershing County Treasurer's website. This option allows for secure and convenient payments at any time.
- Mail-in payments: Taxpayers can also mail in their payments to the Pershing County Treasurer's office. Payments should be sent to the address provided on the property tax bill and should be postmarked no later than the due date.
- In-person payments: Taxpayers can make payments in person at the Pershing County Treasurer's office. Cash, checks, and credit cards are accepted.
It is important to note that if property taxes are not paid on time, penalties and interest will be added to the amount owed. Therefore, it is recommended that taxpayers pay their property taxes by the due date to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Pershing County Property Tax penalty calculated ?
The Pershing County Property Tax penalty is calculated based on the amount of the unpaid property tax and the duration of the delinquency. Here's an example of how the penalty is calculated:
Let's say John owns a property in Pershing County and his total property tax due for the year is $1,000. He fails to pay the full amount by the due date of September 30th.
- First Penalty - A 10% penalty is added on October 1st on the unpaid balance, which is $100 (10% of $1,000).
- Second Penalty - If John still does not pay by January 6th of the following year, an additional 5% penalty is added on the unpaid balance plus the first penalty amount. So, the second penalty for John's property tax would be $7.50 (5% of $150, which is the sum of the unpaid balance and the first penalty).
Thus, the total penalty that John would have to pay would be $107.50 ($100 for the first penalty and $7.50 for the second penalty).
It's important to note that if the taxes remain unpaid for an extended period of time, the county may initiate a tax sale on the property to recover the unpaid taxes. Therefore, it's essential for property owners in Pershing County to pay their property taxes on time to avoid penalties and potential foreclosure proceedings.
We recommend contacting the Pershing County Tax Office or a local tax professional for the most up-to-date and accurate information.