Example of Rogers County Property Tax Calculation
Rogers County Property Tax is calculated based on the assessed value of a property. To find the assessed value of a property, the county assessor multiplies the market value of the property by an assessment ratio of 11.5%. For instance, if a property's market value is $100,000, the assessed value would be $11,500 ($100,000 x 0.115).
After the assessed value is determined, the county applies a tax rate to calculate the amount of property tax owed. The tax rate can vary depending on where the property is located and what type of property it is (residential, commercial, etc.).
To calculate the property tax owed, the assessed value is multiplied by the tax rate. For example, if the tax rate is 8% and the assessed value is $11,500, the property tax owed would be $920 (8% x $11,500).
It is important to note that property owners may be eligible for certain exemptions or deductions that can reduce the amount of property tax owed. It is recommended to consult with a tax professional or the county assessor's office for more information on potential deductions.
If you want appeal your property tax assessment - contact your local tax assessor.
Rogers County Property Tax Rates
Here are the property tax rates for Rogers County in a formatted table:
| Tax | Rate per $100 Assessed Value |
|---|---|
| County | $0.2835 |
| Claremore | $0.8368 |
| Catoosa | $0.6559 |
| Chelsea | $0.3109 |
| Foyil | $0.1908 |
| Inola | $0.5512 |
| Oologah | $0.5809 |
| Talala | $0.3687 |
These rates are current as of the time of writing and are subject to change. As a tax advisor, it's important to stay up-to-date on any changes to property tax rates to ensure accurate advice for clients.
Who sets property tax rates in Rogers County ?
In Rogers County, the Board of County Commissioners is responsible for setting the property tax rates. This typically occurs annually and is based on the assessed value of the property. The County Assessor's Office determines the assessed value of the property, while the County Treasurer's Office is responsible for collecting the taxes. Property owners in Rogers County can expect to receive their tax bills in the mail in November, with payment due by December 31st of each year. If the payment is not made on time, penalties and interest may be assessed.
Homestead exemptions in Rogers County ?
To help homeowners in Rogers County, Oklahoma take advantage of Homestead exemptions and deductions, a table has been created with columns for exemption, eligibility, amount, and notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead exemption | Primary residence owners | $1,000 | Exemption must be filed by March 15th |
| Senior property tax relief | Primary residence owners age 65+ | Up to $200 | Income limitations apply, must be filed annually |
| Disabled veteran exemption | Honorably discharged disabled veterans | Varies | Amount based on percentage of disability, must provide proof of disability |
| Agricultural land exemption | Owners of agricultural land | Varies | Must provide proof of agricultural use and income |
| Homestead exemption for disabled homeowners | Disabled homeowners | Varies | Amount based on disability and income, must provide proof of disability |
It's important to note that these exemptions and deductions may change, and it's always best to check with the county assessor's office for up-to-date information and eligibility requirements. Additionally, filing deadlines and required documentation may vary by exemption or deduction. By taking advantage of these benefits, homeowners in Rogers County may be able to lower their property taxes and save money.
When is Rogers County Property Tax due ?
According to the Rogers County Treasurer's Office, property tax is typically due on December 31st of each year. However, there is a grace period until January 31st of the following year without incurring penalties or interest.
Payment methods for Rogers County Property Tax include:
| Method | Description |
|---|---|
| Online | Taxpayers can pay online using a credit or debit card through the Rogers County Treasurer's website. Convenience fees apply to online payments. |
| Payments can be made by mail with a check, money order, or cashier's check. The payment must be postmarked by January 31st to avoid penalties and interest. The mailing address is: Rogers County Treasurer's Office, P.O. Box 369, Claremore, OK 74018. | |
| In-Person | Payments can be made in-person at the Rogers County Treasurer's office located at 200 S Lynn Riggs Blvd, Claremore, OK 74017. Accepted methods of payment include cash, check, money order, or cashier's check. |
| Drop-Box | Taxpayers can drop off their payment in the drop-box located at the Rogers County Treasurer's office. The drop-box is available 24/7, and payments must be dropped off by January 31st to avoid penalties and interest. |
| Bank or Credit Union | Payments can be made at participating banks or credit unions with a payment coupon provided by the Rogers County Treasurer's office. It is recommended to contact the financial institution beforehand to ensure they accept property tax payments. |
It is important to note that failure to pay property taxes on time may result in penalties and interest, and can lead to a tax lien being placed on the property. Taxpayers are advised to pay before the deadline to avoid any unnecessary charges or complications.
If you have more questions - contact your local tax collector.
How is Rogers County Property Tax penalty calculated ?
Rogers County Property Tax Penalty Calculation:
When Rogers County property taxes are not paid in full by the due date, a penalty will be charged. The penalty is 10% of the unpaid tax amount, plus interest at a rate of 1.5% per month until the tax is paid in full.
For example, if a property owner owes $1,000 in property taxes and fails to pay by the due date, they will incur a penalty of $100 (10% of $1,000) plus interest of $15 (1.5% of $1,000) for a total penalty of $115.
The penalty and interest continue to accumulate on the unpaid balance until the taxes are paid in full. It's essential to pay property taxes on time to avoid penalties and interest.
Here is a table summarizing Rogers County property tax penalty calculation: | Situation | Penalty | |-----------|-----------| | Unpaid taxes | 10% of unpaid tax amount | | Interest rate | 1.5% per month | | Total penalty | Penalty + interest | | Example | $1,000 unpaid tax: $100 penalty + $15 interest = $115 total penalty |
In conclusion, property owners in Rogers County should ensure they pay their property taxes on time to avoid incurring penalties and interest.
We recommend contacting the Rogers County Tax Office or a local tax professional for the most up-to-date and accurate information.