Example of Riley County Property Tax Calculation
Riley County Property Tax calculation involves multiplying the assessed value of a property by the tax levy rate. For example, suppose a property in Riley County has an assessed value of $50,000, and the tax levy rate is set at 1.5%. To calculate the property tax, one would simply multiply $50,000 by 0.015 (1.5%), which comes out to $750. This means that the property owner would be expected to pay $750 in property taxes for the year. It is important to note that the tax levy rate can vary from year to year and depends on factors such as the county's budget and the property's location within the county.
If you want appeal your property tax assessment - contact your local tax assessor.
Riley County Property Tax Rates
The table below provides the Riley County Property Tax rates per $100 of assessed value for 2021.
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.417 |
| County Poor Levy | $0.090 |
| County Highway | $0.200 |
| County Zoo | $0.050 |
| Manhattan | $1.416 |
| Riley County School | $3.581 |
| K-State University | $0.320 |
| Total | $6.074 |
It is important to note that these rates are subject to change and may vary based on the specific property being assessed. Property owners in Riley County should consult with their local tax advisor for more information on their specific tax rates and obligations.
Who sets property tax rates in Riley County ?
The property tax rates in Riley County are set by the county commissioners. This typically occurs during the annual budget process in late summer or early fall. The commissioners review the proposed budget and determine the amount of revenue needed to fund county services and programs. They then set the property tax rate to generate that revenue. It's important for property owners to understand the tax rate and how it impacts their property taxes, which are calculated by multiplying the assessed value of the property by the tax rate. Property owners can appeal their assessed value if they believe it is too high, which can help lower their tax bill.
Homestead exemptions in Riley County ?
A table for Riley County Homestead exemptions and deductions would include columns for exemption, eligibility, amount, and notes. Here are the details for each:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead | Owner | Up to $20,000 | Must be a primary residence |
| Military | Active duty, veteran, or surviving spouse | Up to $2,000 | Must meet certain criteria |
| Senior | 65 or older | Up to $8,000 | Must meet certain income requirements |
| Disability | Permanent and total disability | Up to $2,000 | Must meet certain criteria |
| Blind | Legally blind | Up to $2,000 | Must meet certain criteria |
| Rehabilitated Property | Property that has been substantially rehabilitated | Up to 5 years of 100% exemption | Must be approved by the county |
It's important to note that these exemptions and deductions are specific to Riley County in Kansas. Residents should reach out to the county for more information on eligibility requirements and how to apply.
When is Riley County Property Tax due ?
Riley 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 is extended to the following business day.
There are several payment methods available for Riley County Property Tax. These include:
| Payment Type | Description |
|---|---|
| Online Payment | Property owners can pay their property tax bill online using their credit or debit card. The county's website provides a secure payment portal for this purpose. |
| Mail-in Payment | Property owners can also mail in their tax payment to the county. The mailing address is provided on the tax bill. |
| In-person Payment | Property owners can pay their tax bill in-person at the county courthouse during regular business hours. |
It is important to note that if the property owner fails to pay their tax bill by the due date, they may be subject to penalties and interest charges. Therefore, it is recommended that property owners make their payments on time using one of the convenient payment methods listed above.
If you have more questions - contact your local tax collector.
How is Riley County Property Tax penalty calculated ?
Riley County uses a formula to calculate property tax penalties for late payments. Here is a breakdown of how it works:
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Initial Penalty: An initial penalty of 5% is added to any delinquent property tax payment. For example, if the property tax owed is $1,000 and the payment is 10 days late, the initial penalty would be $50 (5% of $1,000).
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Monthly Penalty: After the initial penalty is added, a monthly penalty of 1% is added for each month the payment remains delinquent. Using the same example as above, if the payment remains delinquent for two months, the monthly penalty would be $20 (1% of $1,000) for each month, totaling $40.
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Maximum Penalty: The maximum penalty that can be assessed is 10% of the delinquent amount. In the same example, if the payment remains delinquent for six months, the total penalty assessed would be $170 ($50 initial penalty + $120 monthly penalty). Even though the monthly penalty would technically continue to accrue, the penalty cannot exceed 10% of the original delinquent amount.
It's important to note that these penalties only apply to delinquent property tax payments. If the payment is made on time or within the grace period, no penalty will be assessed. If you do have a delinquent property tax payment, it's best to pay it off as soon as possible to avoid additional penalties.
We recommend contacting the Riley County Tax Office or a local tax professional for the most up-to-date and accurate information.