Example of Seward County Property Tax Calculation
Seward County calculates property taxes based on the assessed value of the property. To determine the assessed value, the county assesses a percentage of the fair market value of the property. For example, if a property has a fair market value of $100,000 and the assessment percentage is 80%, then the assessed value would be $80,000.
Once the assessed value is determined, the county applies a tax rate to calculate the property tax due. The tax rate is expressed in dollars per $1,000 of assessed value. For instance, if the tax rate is $10 per $1,000 of assessed value, then the property tax due on an assessed value of $80,000 would be $800.
It's important to note that property taxes are not solely determined by the county. Other entities, such as school districts and municipalities, may also levy property taxes. In these cases, the tax rates from each entity are combined to determine the total property tax due.
If you want appeal your property tax assessment - contact your local tax assessor.
Seward County Property Tax Rates
The Seward County Property Tax rates for the year 2021 are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.8200 |
| City | $1.2100 |
| School | $3.4397 |
| Hospital | $0.5500 |
| Fire | $0.5000 |
| Waste Mgmt | $0.3116 |
It is important for property owners in Seward County to understand and budget for these tax rates when planning their finances. The rates vary depending on the location of the property and the specific taxing district it falls under.
Who sets property tax rates in Seward County ?
Property Tax Rates in Seward County
Property tax rates in Seward County are set by the Seward County Board of Commissioners. The board members are elected by the residents of the county and serve four-year terms. The board is responsible for setting tax rates for all properties within the county, including residential, commercial, and agricultural properties.
The Seward County Board of Commissioners sets the property tax rates annually. The rates are usually established during the budgeting process, which takes place in the fall of each year. The tax rates are based on the assessed value of the property, which is determined by the Seward County Appraiser's Office.
It is important to note that property tax rates in Seward County can vary from year to year based on changes in property values and the needs of the county. Property owners in Seward County can contact the Seward County Clerk's Office or the Seward County Appraiser's Office for more information on current property tax rates and how they are determined.
| Who sets property tax rates in Seward County? | Seward County Board of Commissioners |
|---|---|
| When are property tax rates set in Seward County? | Annually during the budgeting process (fall) |
| What determines property tax rates in Seward County? | Assessed value of the property and the needs of the county |
Homestead exemptions in Seward County ?
In Seward County, Kansas, there are various Homestead exemptions and deductions that individuals may be eligible for. Here is a comprehensive table outlining the details of these exemptions and deductions:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead | Must be owner-occupied | Up to $20,000 in assessed value | Applies to primary residence only |
| Military | Must be a veteran | Up to $1,500 in assessed value | Applies to primary residence only |
| Disability | Must have a permanent disability | Up to $1,500 in assessed value | Applies to primary residence only |
| Widows | Must be a widow or widower | Up to $1,500 in assessed value | Applies to primary residence only |
| Low Income | Must meet income requirements and be at least 65 years old or disabled | Up to $1,500 in assessed value | Applies to primary residence only |
| Agricultural | Must be actively engaged in agricultural pursuits | Exempts up to 100% of assessed value | Applies to agricultural land only |
| Improvements | Applies to newly constructed or renovated property | Up to 100% of the increased assessed value | Applies to property that has undergone significant renovations or construction |
| Energy | Must install energy-efficient equipment or renewable energy sources | Up to $10,000 in assessed value or 30% of the cost | Applies to primary residence only |
| Educational | Must be a full-time student or instructor at a qualified institution | Exempts up to 100% of the assessed value | Applies to property used solely for educational purposes |
| Historic | Must be a certified historic property | Exempts up to 100% of the assessed value | Applies to properties that have been certified as historically significant |
| Community Svc | Must use property for charitable purposes | Exempts up to 50% of the assessed value | Applies to property used solely for charitable purposes |
It is important to note that some of these exemptions and deductions may have certain qualifications or requirements beyond what is listed in the table. It is recommended to consult with the county assessor's office for more detailed information and to determine eligibility.
When is Seward County Property Tax due ?
Seward County Property Tax is typically due on December 20th of every year. Seward County property owners should make sure that their payment is postmarked no later than December 20th to avoid any penalties or interest charges.
Here are the payment methods available for Seward County Property Tax:
| Payment Method | Description |
|---|---|
| Online Payment | Property owners can pay their taxes online using a credit or debit card, or through an electronic check. |
| Mail-In Payment | Payments can be made via mail with a personal check, cashier’s check, or money order, and should be mailed to the Seward County Treasurer’s Office. |
| In-Person Payment | Property owners may also pay their taxes in person at the Seward County Treasurer’s Office. Accepted payment methods include cash, personal check, cashier’s check, or money order. |
It is important to note that if a property owner chooses to pay in person, they should make sure to bring their tax statement with them. Additionally, property owners can also set up a payment plan by contacting the Seward County Treasurer’s Office.
Overall, property owners in Seward County have multiple payment options available to them, and should ensure that their payment is made in a timely manner to avoid any potential penalties or interest charges.
If you have more questions - contact your local tax collector.
How is Seward County Property Tax penalty calculated ?
Seward County Property Tax penalty is calculated based on the amount of delinquent taxes owed and the length of time they have been overdue. The penalty rate for delinquent taxes is 1.5% per month, compounded monthly, until the taxes are paid in full. Here's an example to illustrate how the penalty is calculated:
| Tax Year | Taxes Due | Due Date | Payment Date | Delinquent Days | Penalty Rate | Penalty Amount |
|---|---|---|---|---|---|---|
| 2020 | $2,500 | September 1, 2020 | December 1, 2020 | 91 | 1.5% | $47.81 |
In this example, the property owner owes $2,500 in property taxes for the 2020 tax year, with a due date of September 1, 2020. However, the owner does not make the payment until December 1, 2020, which is 91 days past the due date. The penalty rate for delinquent taxes in Seward County is 1.5% per month, compounded monthly. Therefore, the penalty rate for 91 days of delinquency is (1.5% / 30) x 91 = 4.55%. The penalty amount is then calculated by multiplying the delinquent taxes owed by the penalty rate, which in this case is $2,500 x 4.55% = $47.81.
In summary, Seward County calculates property tax penalties based on the amount of delinquent taxes owed and the length of time they have been overdue, with a penalty rate of 1.5% per month, compounded monthly. Property owners should make sure to pay their property taxes on time to avoid incurring penalties.
We recommend contacting the Seward County Tax Office or a local tax professional for the most up-to-date and accurate information.