Example of Stanley County Property Tax Calculation
Property tax calculation in Stanley County is based on the assessed value of the property. The county assesses the property value every year and applies a tax rate to that value. For example, if a 10-year-old property in Stanley County has an assessed value of $100,000 and the tax rate is 1%, the property owner would owe $1,000 in property taxes for that year. However, there may be additional taxes or exemptions that apply depending on the property type and usage. It's important for property owners to review their tax bill carefully and contact the county assessor's office if they have any questions.
If you want appeal your property tax assessment - contact your local tax assessor.
Stanley County Property Tax Rates
The Stanley County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.30 |
| County Highway Fund | $0.25 |
| County School District | $3.50 |
| City of Stanley | $0.50 |
| Total | $4.55 |
These rates are based on the assessed value of the property and are subject to change. Property owners in Stanley County should consult with a tax advisor for more information on how these rates may impact their tax liabilities.
Who sets property tax rates in Stanley County ?
The property tax rates in Stanley County are set by the Stanley County Commission. The county commission meets annually to review and establish the property tax rates for the upcoming year. The tax rates are typically set in the fall, and property owners receive their tax bills by the end of the year. The property tax rates are determined based on the assessed value of the property, and the revenue generated from the taxes is used to fund various public services and infrastructure projects in the county. If you have questions about property taxes in Stanley County, it is recommended to contact the county commission or a local tax advisor for more information.
| Who sets the property tax rates in Stanley County? | Stanley County Commission |
|---|---|
| When are the property tax rates set in Stanley County? | Annually in the fall |
| When do property owners receive their tax bills in Stanley County? | By the end of the year |
| What is the revenue from property taxes used for in Stanley County? | Funding public services and infrastructure projects |
Homestead exemptions in Stanley County ?
In Stanley County, South Dakota, there are various Homestead exemptions and deductions available to eligible residents. Here is a breakdown of the exemptions and deductions, as well as any eligibility requirements and notes to keep in mind:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Exemption | All homeowners | Up to $4,911 | Applies to primary residence only |
| Elderly and Disabled Exemption | Homeowners 65+ or disabled | Up to $6,167 | Must meet income requirements |
| School Tax Reduction Exemption | Homeowners with children enrolled in K-12 education | Up to $1,500 | Must provide proof of enrollment |
| Agricultural Property Exemption | Agricultural landowners | Up to 70% reduction in taxable value | Applies to qualifying agricultural land only |
It's important to note that eligibility and amounts may vary depending on individual circumstances and any changes in state or county laws. Homeowners should consult with their tax professionals or local government officials for more detailed information about these exemptions and deductions.
Overall, Stanley County offers a range of Homestead exemptions and deductions to help ease the tax burden for eligible residents. By taking advantage of these opportunities, homeowners can potentially save thousands of dollars on their property taxes each year.
When is Stanley County Property Tax due ?
Stanley County Property Tax is typically due on January 15th of each year. The payment methods available for paying property taxes in Stanley County include:
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Online payment: Property owners can pay their property taxes online using a credit or debit card. The online payment system is available 24/7, and property owners can log in using their property ID and PIN.
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Mail-in payment: Property owners can mail their payment to the Stanley County Treasurer's Office using the pre-addressed envelope that comes with their tax statement. The payment must be postmarked by January 15th to be considered on time.
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In-person payment: Property owners can pay their property taxes in person at the Stanley County Treasurer's Office. The office is located at 8 E 2nd Ave Suite 17, Fort Pierre, SD 57532. Accepted payment methods include cash, check, and credit or debit card.
It's important to note that if the payment is not received by the due date, a penalty will be added to the total amount due. Therefore, property owners are encouraged to pay their property taxes on time to avoid late fees.
If you have more questions - contact your local tax collector.
How is Stanley County Property Tax penalty calculated ?
Stanley County Property Tax penalty is calculated based on a certain percentage of the unpaid tax amount. This penalty is added to the total tax bill amount if the taxpayer fails to pay the property taxes on time. Here is an example that illustrates how the penalty is calculated:
John owns a property in Stanley County, and his total property tax bill for the year is $2,000. The due date for the payment is April 30th, but John fails to pay it on time. After the due date, a penalty of 1% per month is imposed on the unpaid tax amount. In John's case, the penalty for the first month (May) would be $20 (1% of $2,000). If he still doesn't pay the full amount by the end of June, the penalty for that month would be $20 plus 1% of the total tax bill ($2,020), which would be $40. This process continues until John pays the full amount or until the penalty reaches the maximum allowed by law, which is usually around 15%.
To summarize, the formula for calculating the Stanley County Property Tax penalty is:
Penalty = Unpaid Tax Amount x Penalty Rate x Number of Months Late
Here is a markdown table that shows the penalty rates for each month:
| Month | Penalty Rate |
|---|---|
| May | 1% |
| June | 2% |
| July | 3% |
| Aug | 4% |
| Sept | 5% |
| Oct | 6% |
| Nov | 7% |
| Dec | 8% |
| Jan | 9% |
| Feb | 10% |
| Mar | 11% |
| Apr | 12% |
Keep in mind that the penalty rates and maximum penalty allowed by law may vary depending on the state and county. It's always best to pay property taxes on time to avoid any penalties or fees.
We recommend contacting the Stanley County Tax Office or a local tax professional for the most up-to-date and accurate information.