Example of Slope County Property Tax Calculation
Slope County calculates property taxes based on the assessed value of the property. To determine the assessed value, the county appraiser assesses the property's market value, which is then multiplied by the assessment rate, which is currently 4% in Slope County. The resulting amount is the assessed value.
For example, let's say a property in Slope County has a market value of $100,000. The assessed value would be calculated as follows:
$100,000 (market value) x 0.04 (assessment rate) = $4,000 (assessed value)
Once the assessed value is determined, the property's tax liability is calculated by multiplying the assessed value by the mill levy, which is the tax rate expressed in mills (thousandths of a dollar). The mill levy varies depending on the taxing districts in which the property is located.
For instance, if the mill levy for the property in question is 50 mills, the property tax liability would be calculated as follows:
$4,000 (assessed value) x 0.050 (mill levy) = $200 (property tax liability)
In summary, Slope County's property tax calculation is based on the assessed value of the property, which is calculated by multiplying the property's market value by the assessment rate of 4%. The resulting assessed value is then multiplied by the applicable mill levy to determine the property tax liability.
If you want appeal your property tax assessment - contact your local tax assessor.
Slope County Property Tax Rates
The following table lists the Slope County Property Tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 Assessed Value |
|---|---|
| County | $3.85 |
| City | $3.10 |
| School | $6.45 |
| Total | $13.40 |
It's important to note that property tax rates are subject to change and should be verified with the relevant authorities.
Who sets property tax rates in Slope County ?
In Slope County, North Dakota, property tax rates are set by the Slope County Commissioners on an annual basis. The commissioners review the county's budget and determine the amount of revenue needed to provide essential services, such as schools, roads, and law enforcement. They then set the property tax rate at a level that will generate the necessary revenue.
The property tax rate is typically expressed as a percentage of the assessed value of the property. The assessed value is determined by the Slope County Assessor based on the market value of the property, taking into account factors such as location, size, and condition.
Property owners in Slope County receive a tax bill each year based on the assessed value and the current property tax rate. It is important for property owners to ensure that their property is being assessed fairly and accurately to avoid overpaying on their property taxes.
Overall, the property tax system in Slope County is designed to provide a stable source of revenue to fund essential services for the community.
When is Slope County Property Tax due ?
Slope County Property Tax Due Date:
In Slope County, North Dakota, property taxes are typically due on March 1st of each year. However, if March 1st falls on a weekend or holiday, the due date is extended to the next business day.
Accepted Payment Methods:
Slope County accepts several payment methods for property taxes, including:
| Payment Method | Details |
|---|---|
| Online | Payments can be made online through the county's website using a credit or debit card. A convenience fee may apply. |
| Payments can be mailed to the county treasurer's office with a check or money order. The payment must be postmarked by the due date. | |
| In Person | Payments can be made in person at the county treasurer's office with cash, check, or money order. |
It's important to note that failure to pay property taxes on time can result in penalties and interest charges. Therefore, property owners in Slope County should make sure to submit their payment by the due date using one of the accepted payment methods.
If you have more questions - contact your local tax collector.
Homestead exemptions in Slope County ?
If you're a homeowner in Slope County, North Dakota, you may be eligible for certain Homestead exemptions and deductions that can help lower your property taxes. Here's a breakdown of the county-specific exemptions and deductions you should know about:
Homestead Exemptions
A Homestead exemption is a reduction in the assessed value of your property that can lower your property taxes. In Slope County, the following Homestead exemptions are available:
| Exemption name | Eligibility | Amount | Notes |
|---|---|---|---|
| Regular Homestead | Must be a legal resident of North Dakota for at least one year | Up to $6,750 | Applies to primary residence only |
| Disabled Veterans | Must be a veteran with a service-connected disability | Up to $150,000 | Applies to primary residence only |
| Senior Citizen | Must be 65 years old or older | Up to $375 | Applies to primary residence only |
Deductions
In addition to Homestead exemptions, Slope County offers the following deductions:
| Deduction name | Eligibility | Amount | Notes |
|---|---|---|---|
| Disabled Veteran Deduction | Must be a veteran with a service-connected disability | Up to $120,000 | Applies to any property owned by the veteran |
| Agricultural Land Deduction | Must have at least 10 acres of land actively devoted to agriculture | Up to 18% of the taxable value of the land | Applies to agricultural land only |
It's important to note that these exemptions and deductions have specific eligibility requirements and application processes. Homeowners in Slope County should consult with their local tax assessor or county clerk to determine their eligibility and how to apply.
How is Slope County Property Tax penalty calculated ?
Slope County Property Tax Penalty Calculation
In Slope County, North Dakota, property taxes are due on January 1st of each year. If property taxes are not paid by March 1st, the property owner will be subject to penalties and interest charges.
The penalty for late payment of property taxes in Slope County is calculated based on the amount of the unpaid taxes. The penalty amount is 5% of the unpaid taxes on March 1st. An additional penalty of 1% per month is added for each subsequent month that the taxes remain unpaid, up to a maximum penalty of 12%.
For example, if a property owner owes $5,000 in property taxes for the year and fails to pay by the March 1st deadline, they will be subject to a penalty of $250 (5% of $5,000). If the taxes remain unpaid in April, an additional penalty of $50 (1% of $5,000) will be added. This process will continue each month until the taxes are paid in full or until the maximum penalty of 12% is reached.
Slope County also charges interest on unpaid property taxes at a rate of 1% per month, beginning on March 1st. The interest is calculated on the total amount due, including any penalties that have been applied.
It is important for property owners in Slope County to pay their property taxes on time to avoid these penalties and interest charges. By understanding the penalty calculation process, property owners can better budget for their property tax payments and avoid unnecessary fees.
| Penalty Calculation | Amount |
|---|---|
| 5% of unpaid taxes | $250 |
| 1% per month | $50 |
| Maximum penalty | $600 |
| Total penalty | $600 |
| Total amount due | $5,600 |
We recommend contacting the Slope County Tax Office or a local tax professional for the most up-to-date and accurate information.