Example of Stanton County Property Tax Calculation
Stanton County calculates property tax based on the assessed value of the property. The assessed value is determined by the county assessor's office and is based on factors such as the property's size, location, and condition.
To calculate the property tax, the assessed value is multiplied by the county's mill levy rate. The mill levy rate is a percentage of the assessed value that is used to determine the tax amount.
For example, if a property in Stanton County has an assessed value of $100,000 and the mill levy rate is 50, the property owner's tax liability would be $5,000. This is calculated by multiplying the assessed value ($100,000) by the mill levy rate (50) and dividing by 1,000:
$100,000 x 50 / 1,000 = $5,000
It's important to note that some properties may be eligible for exemptions or deductions that can lower the tax liability. These can include homestead exemptions for primary residences or exemptions for certain types of property such as agricultural land.
In summary, to calculate property tax in Stanton County, the assessed value of the property is multiplied by the mill levy rate to determine the tax liability.
If you want appeal your property tax assessment - contact your local tax assessor.
Stanton County Property Tax Rates
The table below shows the property tax rates in Stanton County, with the rates listed in dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $1.20 |
| County Roads | $0.70 |
| County Fire | $0.50 |
| City of Stanton | $1.45 |
| Stanton Public School | $1.10 |
Please note that these rates are subject to change and may vary depending on the specific property and location within Stanton County. If you have any questions or concerns about your property taxes, it is recommended that you speak with a qualified tax advisor who can provide personalized guidance.
Who sets property tax rates in Stanton County ?
Property tax rates in Stanton County, USA, are set by the Board of County Commissioners. This body is made up of elected officials who oversee the administration of the county, including the setting of property tax rates. They meet regularly, typically on a monthly basis, to review and approve the county budget, which includes determining the property tax rate for the upcoming year. Property owners in Stanton County can expect to receive their annual tax bills in the mail in the early fall, with payment typically due by the end of the calendar year.
Homestead exemptions in Stanton County ?
To help homeowners in Stanton County, Kansas understand their eligibility for Homestead exemptions and deductions, the following table lists all the county-specific exemptions and deductions available:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead exemption | Homeowners who occupy their property as their primary residence on January 1st of the tax year | Up to $20,000 of the assessed value of the property | This exemption reduces the amount of property taxes due |
| Military exemption | Military personnel who are deployed or stationed outside the county on January 1st of the tax year | Up to $1,000 of the assessed value of the property | This exemption also applies to surviving spouses |
| Disability exemption | Homeowners who have a permanent and total disability | Up to $2,000 of the assessed value of the property | Must provide proof of disability |
| Senior citizen exemption | Homeowners who are 65 years or older on January 1st of the tax year | Up to $3,000 of the assessed value of the property | Must provide proof of age |
It's important to note that these exemptions and deductions may change over time and homeowners should check with the Stanton County Assessor's office for the most up-to-date information.
By taking advantage of these exemptions and deductions, homeowners in Stanton County can potentially save money on their property taxes and make it easier to stay in their homes.
When is Stanton County Property Tax due ?
Stanton County Property Tax is typically due on December 20th of each year. However, if that date falls on a weekend or holiday, the due date will be the next business day.
There are several payment methods available to property owners in Stanton County. These include:
| Payment Method | Description |
|---|---|
| In-person | Property owners can pay in person at the Stanton County Treasurer's Office, which is located at 804 Ivy Street, Stanton, NE 68779. The office is open from Monday to Friday, 8:00 am to 4:30 pm. |
| By mail | Property owners can also mail their payment to the Stanton County Treasurer's Office at the address mentioned above. The payment must be postmarked by December 20th to avoid late fees. |
| Online | Property owners can pay their property tax online through the Stanton County website. They can use a credit card or electronic check to make a payment. |
| Drop box | There is a drop box located outside the Stanton County Courthouse where property owners can drop off their payment after hours. |
It's important to note that if property owners fail to pay their property tax by the due date, they will incur late fees and interest charges. Therefore, it's recommended to pay on time and use one of the convenient payment methods mentioned above.
If you have more questions - contact your local tax collector.
How is Stanton County Property Tax penalty calculated ?
Stanton County Property Tax Penalty Calculation
When property taxes in Stanton County are not paid by their due date or postmarked by that date, a penalty will be added to the amount owed. The penalty amount varies depending on the length of time the taxes are overdue.
Here's how the penalty is calculated:
| Time Overdue | Penalty |
|---|---|
| Up to 30 days | 5% |
| 31-60 days | 10% |
| 61-90 days | 15% |
| Over 90 days | 20% |
For example, if a property owner owes $1,000 in taxes and fails to pay on or before the due date, the penalties will be as follows:
- If paid within 30 days, the penalty will be $50 (5% of $1,000).
- If paid between 31 and 60 days, the penalty will be $100 (10% of $1,000).
- If paid between 61 and 90 days, the penalty will be $150 (15% of $1,000).
- If paid after 90 days, the penalty will be $200 (20% of $1,000).
It's important to note that these penalties are in addition to any interest that accrues on the unpaid taxes. To avoid penalties and interest, property owners should make sure their taxes are paid on time or arrange for a payment plan with the county.
We recommend contacting the Stanton County Tax Office or a local tax professional for the most up-to-date and accurate information.