Example of Reno County Property Tax Calculation
Reno County property tax calculation is based on the assessed value of the property and the mill levy rate. For example, if a property in Reno County has an assessed value of $100,000 and the mill levy rate is 140 mills, then the property tax would be calculated as follows:
- Divide the assessed value by 1,000: $100,000 รท 1,000 = 100
- Multiply the result by the mill levy rate: 100 x 140 = 14,000
- Convert the result back into dollars: $14,000
Therefore, the property tax for this property would be $14,000.
It's important to note that the mill levy rate is set by the County Commission and can vary from year to year. Property owners in Reno County should expect to receive a tax statement each year that outlines their property tax assessment and provides instructions on how to pay their taxes.
If you want appeal your property tax assessment - contact your local tax assessor.
Reno County Property Tax Rates
Here is a formatted table listing the Reno County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.298 |
| County Road & Bridge | $0.468 |
| County Fire District | $0.048 |
| County Library | $0.373 |
| County Extension | $0.035 |
| County Health Department | $0.041 |
| County Building Fund | $0.051 |
| Hutchinson Community College | $0.379 |
| USD 309 | $0.000 |
| USD 310 | $0.000 |
| USD 311 | $0.000 |
| USD 312 | $0.000 |
| City of Hutchinson | $0.735 |
The table above provides an overview of the current Reno County Property Tax rates. It displays the tax type and the corresponding rate per $100 of assessed value. It is important to note that the rates listed may be subject to change and property owners should always refer to official sources for the most up-to-date information.
Who sets property tax rates in Reno County ?
Who sets property tax rates in Reno County? The property tax rates in Reno County are set by the Reno County Board of Commissioners. They are responsible for determining the tax levy, which is the amount of money that the county needs to collect from property owners to fund its budget for the year.
When are property tax rates set in Reno County? The property tax rates in Reno County are typically set in August or September of each year. This is done in conjunction with the county's budget process, which begins in July and concludes with the adoption of the budget in August or September.
| Who sets property tax rates? | Reno County Board of Commissioners |
|---|---|
| When are property tax rates set? | August or September of each year |
It is important for property owners in Reno County to be aware of these dates, as they will receive their tax bills shortly after the tax rates are set. It is also worth noting that property values are reassessed periodically, which can impact the amount of property tax that a property owner owes.
Homestead exemptions in Reno County ?
In Reno County, Kansas, homeowners can benefit from a variety of Homestead exemptions and deductions to reduce their property tax bill. Here is a breakdown of the exemptions and deductions available in Reno County:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | All homeowners | Up to $20,000 | Reduces the taxable value of a property by up to $20,000 |
| Safe Senior Homestead | Senior citizens (65+) | Up to $75,000 | Available to seniors with a household income of $35,036 or less |
| Disabled Veteran | Disabled veterans | Varies | Varies based on disability percentage and whether or not the veteran is married |
| Tax Lid Refund | Homeowners with increased property taxes due to budget increases | Varies | Available when the county budget increases by more than 2% |
| Low Income | Homeowners with limited income | Varies | Available to those with a household income of $20,000 or less |
| Local Option Budget | Homeowners in certain school districts | Varies | Available to those in school districts with a LOB above 20% |
Notes:
- Homeowners must apply annually for these exemptions and deductions, and some have income and/or residency requirements.
- The amounts listed are maximums and may vary based on individual circumstances.
- Contact the Reno County Appraiser's office for more information and to apply for these exemptions and deductions.
When is Reno County Property Tax due ?
Reno County Property Tax is typically due on December 20th each year. There are several payment methods available for taxpayers in Reno County, including:
| Payment Method | Description |
|---|---|
| Online Payment | Taxpayers can make a payment online using a credit or debit card. There is a convenience fee for this service. |
| By Mail | Taxpayers can mail a check or money order to the Reno County Treasurer's Office. The check must be postmarked on or before the due date to be considered on time. |
| In Person | Taxpayers can make a payment in person at the Reno County Treasurer's Office using cash, check, or credit/debit card. |
It is important for taxpayers to make their property tax payments on time to avoid penalties and interest charges. If a taxpayer is unable to make a full payment by the due date, they may be eligible for a payment plan. They should contact the Reno County Treasurer's Office for more information.
If you have more questions - contact your local tax collector.
How is Reno County Property Tax penalty calculated ?
Reno County calculates property tax penalties based on a specific formula. The penalty is calculated as a percentage of the unpaid taxes and increases over time. Here is an example to help explain:
Assume that a property owner in Reno County owes $2,000 in property taxes for the year. If the deadline to pay is December 20 and the owner fails to make the payment, the following penalties will be applied:
| Penalty period | Penalty percentage | Penalty amount |
|---|---|---|
| December 21-31 | 5% | $100 |
| January 1-10 | 10% | $200 |
| January 11-20 | 15% | $300 |
| After January 20 | 20% | $400 |
Therefore, if the property owner pays the taxes on January 21, the total penalty amount will be $1,000 ($100 + $200 + $300 + $400).
It is important for property owners in Reno County to make timely property tax payments to avoid penalties. If you have any questions about property taxes and penalties in Reno County, contact the county assessor's office for more information.
We recommend contacting the Reno County Tax Office or a local tax professional for the most up-to-date and accurate information.