Example of Stillwater County Property Tax Calculation
In Stillwater County, the property tax calculation is based on the assessed value of the property. To calculate the tax amount, the county uses a mill levy rate. This rate is a percentage of the assessed value and varies based on the location of the property and the type of property owner.
For example, let's say a property in Stillwater County has an assessed value of $200,000 and the mill levy rate is 1%. To calculate the property tax, you would multiply the assessed value by the mill levy rate, which is 0.01.
So, the property tax for this property would be:
$200,000 x 0.01 = $2,000
Thus, the property owner would owe $2,000 in property taxes for the year. It is important to note that property taxes may vary year to year based on changes in assessed value and mill levy rates.
If you want appeal your property tax assessment - contact your local tax assessor.
Stillwater County Property Tax Rates
The following table lists the Stillwater County Property Tax rates per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Residential Property | $3.23 |
| Commercial Property | $4.62 |
| Agricultural Property | $1.35 |
| Personal Property | $6.89 |
Please note that these rates are subject to change and may vary based on individual circumstances. It is recommended to consult with a tax professional for personalized advice.
Who sets property tax rates in Stillwater County ?
In Stillwater County, property tax rates are set by the County Commissioners. These rates are reviewed and adjusted annually during budget meetings, which typically occur in July or August each year. The Commissioners take into account the overall budget needs of the county, including funding for schools, public safety, road maintenance, and other essential services. Once the rates are set, property owners receive a bill in the mail detailing the amount due based on the assessed value of their property. It is important for property owners to understand these rates and how they are calculated in order to budget accordingly and avoid any penalties or late fees.
| Topic | Information |
|---|---|
| Who sets | County Commissioners |
| When sets | Annually during budget meetings in July/August |
| Why sets | To fund essential county services |
Homestead exemptions in Stillwater County ?
In Stillwater County, Montana, there are several county-specific Homestead exemptions and deductions available to eligible individuals. To help you navigate these exemptions, we've created a table with four columns: exemption, eligibility, amount, and notes. This table will provide you with all the essential information you need to know about the exemptions available in Stillwater County.
| Exemptions | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Must be a Montana resident and occupy the property as their primary residence on January 1st of the tax year. | $5000 | Reduces the taxable value of the property. |
| Disabled Veterans Exemption | Must be a veteran with a service-connected disability rated by the VA as 100% permanent and total. | $150,000 | Available to veterans or their surviving spouses. |
| Senior Citizen Exemption | Resident of Stillwater County and 62 years or older. | $2000 | Reduces the taxable value of the property. |
| Livestock Exemption | Must own at least five acres of land in the county and actively use it for grazing livestock. | Varies | Only applies to the value of the land used for grazing. |
It's important to note that these exemptions are subject to change and may have additional requirements not listed in the table. For more information on these exemptions and how to apply, contact the Stillwater County Assessor's Office.
When is Stillwater County Property Tax due ?
The Stillwater County Property Tax is typically due on November 30th every year. This tax is assessed on all real estate properties in the county and is used to fund various public services such as schools, roads, and law enforcement.
Property owners can pay their taxes using several methods, including online payments, mail-in payments, and in-person payments at the county treasurer's office. Payment options vary, and property owners should refer to the county's website or contact the treasurer's office for more information on accepted payment methods.
Here's a table highlighting different payment options and deadlines:
| Payment Method | Deadline |
|---|---|
| Online | November 30th |
| Mail-in | Postmarked by November 30th |
| In-person | November 30th during business hours |
It's important to note that property owners who fail to pay their property taxes on time may face penalties, including interest charges and late fees. Therefore, it's essential to make timely payments to avoid any additional costs or legal issues.
If you have more questions - contact your local tax collector.
How is Stillwater County Property Tax penalty calculated ?
Stillwater County Property Tax Penalty Calculation
The penalty for late payment of property taxes in Stillwater County, Montana is determined by the county treasurer's office. The penalty is calculated as a percentage of the unpaid taxes based on the number of months the payment is late.
Here is an example calculation using a property tax bill of $1,000 due on November 30th, with a penalty beginning December 1st:
| Month | Penalty Percentage | Penalty Amount |
|---|---|---|
| Dec | 2% | $20 |
| Jan | 3% | $30 |
| Feb | 4% | $40 |
| Mar | 5% | $50 |
| Apr | 6% | $60 |
| May | 7% | $70 |
| June | 8% | $80 |
| July | 9% | $90 |
| Aug | 10% | $100 |
| Sept | 11% | $110 |
| Oct | 12% | $120 |
If the property tax bill is not paid by December 1st, the penalty would be 2% of the unpaid taxes, or $20. If the bill is still unpaid in January, the penalty would increase to 3%, or $30, and so on. The penalty continues to increase each month until the bill is paid in full or until October 31st, at which point the property may be subject to tax lien foreclosure.
It's important for property owners to make timely payments to avoid penalties and potential foreclosure. Property tax bills are typically mailed in October and due on November 30th. If a property owner has questions about their property tax bill or penalty calculation, they should contact the Stillwater County Treasurer's Office for assistance.
We recommend contacting the Stillwater County Tax Office or a local tax professional for the most up-to-date and accurate information.