Example of St. Louis County Property Tax Calculation
St. Louis County calculates property taxes based on the assessed value of the property. To figure out the amount of property tax owed, the county multiplies the assessed value of the property by the tax rate.
For example, if a property in St. Louis County has an assessed value of $100,000 and the tax rate is 2%, the property owner would owe $2,000 in property taxes for that year.
It's important to note that property values and tax rates can vary depending on the location and type of property. Property owners can contact their local county assessor's office for more information on their specific property tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
St. Louis County Property Tax Rates
The St. Louis County Property Tax rates for 2021 are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General Fund | $0.3287 |
| Road and Bridge | $0.2568 |
| Health and Hospitals | $0.0912 |
| Community College | $0.1527 |
| School | $4.1554 |
| Special School | $0.8743 |
| Fire Districts | Varies by District |
It is important to note that the Fire Districts in St. Louis County have varying tax rates, depending on the district. Property owners should check with their local fire district for the specific tax rate in their area.
Who sets property tax rates in St. Louis County ?
Who sets property tax rates in St. Louis County? The St. Louis County Council sets property tax rates in St. Louis County.
When are property tax rates set in St. Louis County? The St. Louis County Council sets property tax rates annually, typically in December. The new rates go into effect on January 1 of the following year.
How are property tax rates determined in St. Louis County? Property tax rates in St. Louis County are determined by a formula that takes into account the assessed value of the property, the tax levy of various taxing districts, and other factors. The formula is designed to ensure that the total amount of revenue generated by property taxes is sufficient to meet the needs of the county and its various government entities.
What is the current property tax rate in St. Louis County? The current property tax rate in St. Louis County varies depending on the location and type of property. For example, the current combined tax rate for residential property in unincorporated areas of the county is $3.9249 per $100 of assessed value, while the rate for commercial property is $4.5623 per $100 of assessed value.
How can property owners in St. Louis County find out more about their property tax rates? Property owners in St. Louis County can find out more about their property tax rates by visiting the St. Louis County website or contacting the St. Louis County Assessor's Office.
Homestead exemptions in St. Louis County ?
In St. Louis County, Minnesota, there are various Homestead exemptions and deductions available for eligible residents. Here is a table that outlines the different options, including their exemption status, eligibility requirements, maximum amount, and any additional notes to keep in mind.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Credit Refund | Must be a homeowner and a MN resident | Up to $2,870 | Based on income and property taxes paid |
| Disabled Veterans Homestead Exclusion | Must be a veteran with a service-connected disability | Up to $300,000 | Property must be the primary residence |
| Blind/Disabled Homestead Exclusion | Must have a qualifying disability | Up to $120,000 | Property must be the primary residence |
| Agricultural Homestead Exclusion | Must use property for agricultural purposes | Up to $1,000,000 | Property must be at least 10 acres |
| Senior Citizen Property Tax Deferral | Must be 65 years or older and have an income limit | Up to $60,000 | Deferred taxes must be repaid upon death or sale of property |
It is important to note that additional applications or documentation may be required for certain exemptions or deductions. Residents are encouraged to contact the St. Louis County Assessor's Office for more information and assistance with the application process.
When is St. Louis County Property Tax due ?
St. Louis County Property Tax typically has two payment due dates:
- The first half of the payment is due by March 1st.
- The second half of the payment is due by October 15th.
There are several payment methods available for St. Louis County Property Tax:
| Payment Method | Description |
|---|---|
| Online | Payments can be made online by visiting the St. Louis County website and using a credit card or electronic check. |
| Payments can be made by mail by sending a check or money order to the St. Louis County Collector's Office. | |
| In Person | Payments can be made in person by visiting the St. Louis County Collector's Office and paying with cash, check, or money order. |
| Automatic Withdrawal | Payments can be automatically withdrawn from a checking or savings account by completing an automatic withdrawal form and submitting it to the St. Louis County Collector's Office. |
It's important to note that failure to pay property taxes on time can result in late fees and penalties. If you have any questions about St. Louis County Property Tax, you can contact the St. Louis County Collector's Office for assistance.
If you have more questions - contact your local tax collector.
How is St. Louis County Property Tax penalty calculated ?
St. Louis County Property Tax Penalty Calculation
St. Louis County property owners are required to pay their property taxes on time. Failure to pay on or before the due date results in a penalty. The penalty is calculated based on the amount of unpaid taxes and the number of months past due.
The penalty rate for delinquent property taxes in St. Louis County is 1.5% per month. This means that if a property owner has $1,000 in unpaid property taxes and they are three months past due, they would owe a penalty of $45.
To better understand how the penalty is calculated, below is an example:
| Tax Amount | Due Date | Months Past Due | Penalty Rate | Penalty Amount |
|---|---|---|---|---|
| $1,000 | Jan. 31 | 1 | 1.5% | $15 |
| $1,000 | Feb. 28 | 2 | 3% | $30 |
| $1,000 | March 31 | 3 | 4.5% | $45 |
In the example above, if a property owner had $1,000 in unpaid property taxes due on January 31, and they did not pay until March 31, they would owe a penalty of $45 in addition to the $1,000 in unpaid taxes.
It is important for St. Louis County property owners to pay their property taxes on time to avoid penalties and additional fees. If a property owner is unable to pay their taxes by the due date, they should contact the St. Louis County Treasurer's office to discuss possible payment arrangements or options.
We recommend contacting the St. Louis County Tax Office or a local tax professional for the most up-to-date and accurate information.