Example of Sargent County Property Tax Calculation
To calculate the property tax in Sargent County, the county assessor determines the assessed value of the property based on its market value. This assessed value is then multiplied by the tax rate set by the county commission to arrive at the total property tax due.
For example, if a property in Sargent County has a market value of $100,000 and the county commission sets the tax rate at 1%, the assessed value would be $100,000 x 0.01 = $1,000. Therefore, the property tax due would be $1,000 for that year.
It is important to note that property tax rates and assessments may vary from year to year, and it is recommended to consult with the county assessor for accurate information.
If you want appeal your property tax assessment - contact your local tax assessor.
Sargent County Property Tax Rates
The Sargent County Property Tax rates are as follows in a formatted table:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.69 |
| City/Township | Varies by location |
| School | $6.13 |
| Special Assessments | Varies by project |
The county tax rate is fixed at $0.69 per $100 of assessed value. The city/township tax rate varies by location within Sargent County. The school tax rate is a fixed $6.13 per $100 of assessed value. Special assessments vary by project and are added to property tax bills as needed. It is important to note that these rates are subject to change and property owners should consult with their local tax authority for the most up-to-date information.
Who sets property tax rates in Sargent County ?
The property tax rates in Sargent County are set by the Sargent County Commission. They typically set the rates in the fall of each year based on the county's budgetary needs.
Here is a table to summarize the key information:
| What | Who | When |
|---|---|---|
| Property tax rate setting | Sargent County Commission | Fall of each year |
It is worth noting that property taxes are an important source of revenue for local governments, including counties. As such, it is important for property owners to understand how the rates are set and what factors may influence them.
Homestead exemptions in Sargent County ?
To help homeowners in Sargent County, North Dakota, understand the county specific Homestead exemptions and deductions available to them, we have compiled a table of relevant information. This table includes four columns: exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Must be a North Dakota resident and occupy the home | Up to $120,000 of taxable value | Applies to primary residence only |
| Disabled Veterans | Must have a service-related disability and own and occupy the home | Up to $120,000 of taxable value | Spouses may also be eligible |
| Age 65 or older | Must be age 65 or older and own and occupy the home | Up to $120,000 of taxable value | - |
| Blind | Must be legally blind and own and occupy the home | Up to $120,000 of taxable value | - |
| Paraplegic | Must be paralyzed and own and occupy the home | Up to $120,000 of taxable value | - |
| Agricultural Property | Must be actively engaged in agricultural production | Up to 18 mills | Applies only to the land used for agricultural purposes |
It's important to note that while these exemptions and deductions can significantly reduce property taxes, homeowners must apply for them annually. Homeowners should contact the Sargent County Assessor's Office for more information on eligibility criteria and application procedures.
By taking advantage of these Homestead exemptions and deductions, homeowners in Sargent County can reduce their property tax burden and keep more money in their pockets.
When is Sargent County Property Tax due ?
Sargent County Property Tax is typically due on December 1st every year.
Property owners in Sargent County have a few options for making their property tax payments:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their property taxes online through the Sargent County Website using a credit or debit card. |
| Property owners can mail their property tax payments to the Sargent County Treasurer's Office. The address is listed on the billing statement. | |
| In Person | Property owners can make their property tax payments in person at the Sargent County Treasurer's Office. |
It's important to note that property owners who do not pay their property taxes by the December 1st deadline could face penalties and interest charges. To avoid these charges, property owners are encouraged to make their payments on time.
If a property owner has any questions or concerns about their property tax payments, they can contact the Sargent County Treasurer's Office for assistance.
If you have more questions - contact your local tax collector.
How is Sargent County Property Tax penalty calculated ?
Sargent County Property Tax Penalty Calculation
In Sargent County, North Dakota, property taxes are collected by the County Treasurer's Office. If a property owner fails to pay their property taxes on time, the County Treasurer will assess penalties and interest on the unpaid balance. The penalty amount is determined by the number of days that the payment is late and is calculated as a percentage of the unpaid balance.
Below is an example of how the penalty is calculated:
Suppose a property owner owes $3,000 in property taxes due on January 1st. The owner fails to pay the taxes on time and instead pays them on March 1st, which is 60 days late. The penalty for being 60 days late in Sargent County is 5% of the unpaid balance, which is $150 (5% of $3,000).
In addition to the penalty, interest is also charged on the unpaid balance. The interest rate in Sargent County is determined by the state and is set at 1% per month. Therefore, in our example, the interest on the unpaid balance would be $60 (2 months x 1% x $3,000).
To summarize, the total amount owed by the property owner in our example would be $3,210 ($3,000 + $150 penalty + $60 interest).
It is important to note that penalties and interest can add up quickly, so it is crucial for property owners to pay their property taxes on time to avoid unnecessary fees.
Here is a table summarizing the penalty calculation in Sargent County:
| Days Late | Penalty |
|---|---|
| 1-30 | 2% |
| 31-60 | 5% |
| 61-90 | 7% |
| 91 or more | 10% |
In conclusion, property taxes in Sargent County are subject to penalties and interest if they are not paid on time. The penalty amount is determined by the number of days that the payment is late and is calculated as a percentage of the unpaid balance. To avoid penalties and interest, it is important for property owners to pay their property taxes on time.
We recommend contacting the Sargent County Tax Office or a local tax professional for the most up-to-date and accurate information.