Example of Stutsman County Property Tax Calculation
Stutsman County property taxes are calculated 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 location, size, and condition.
To calculate the property tax, the assessed value is multiplied by the county's mill levy rate. A mill levy is the amount of tax per $1,000 of assessed value. For example, if the assessed value of a property is $100,000 and the mill levy rate is 100, the property tax would be $10,000 ($100,000 x 100 / 1,000).
It is important to note that property taxes in Stutsman County can vary based on factors such as school district boundaries and special assessments for community improvements. It is important for property owners to review their tax statements and contact the Stutsman County Treasurer's Office if they have any questions or concerns.
If you want appeal your property tax assessment - contact your local tax assessor.
Stutsman County Property Tax Rates
The Stutsman County Property Tax rates as of 2021 are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $1.95 |
| City of Jamestown | $14.58 |
| City of Buchanan | $9.69 |
| City of Cleveland | $10.47 |
| City of Courtenay | $4.68 |
| City of Crystal Springs | $9.51 |
| City of Kensal | $18.52 |
| City of Medina | $10.12 |
| City of Montpelier | $9.37 |
| City of Pingree | $13.79 |
| City of Spiritwood Lake | $7.45 |
| City of Streeter | $12.68 |
| City of Woodworth | $11.41 |
Please note that these rates are subject to change and should be confirmed with the Stutsman County Assessor's Office.
Who sets property tax rates in Stutsman County ?
In Stutsman County, North Dakota, the property tax rates are determined by the County Board of Commissioners. This board is made up of elected officials who are responsible for setting the tax rates in accordance with the county's budgetary needs. The property tax rates are typically set annually, and are based on the assessed value of the property. The county also offers various tax incentives for property owners who make improvements to their property or utilize it for certain purposes, such as agricultural production. Overall, the property tax rates in Stutsman County are an important source of revenue for the county government and help fund a variety of essential services for residents.
Homestead exemptions in Stutsman County ?
To help Stutsman County residents navigate the complex world of Homestead exemptions and deductions, a table has been created to highlight the various options available to them. The table includes four columns:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Credit | Primary residence owner | Varies based on income and property value | Must apply by February 1st |
| Disabled Veteran Exemption | Honorably discharged veteran with 50% or greater disability | $6,750 | May also qualify for additional exemptions |
| Elderly and Disabled Exemption | Age 65+ or permanently disabled | $6,750 | Must have income under certain threshold |
| Religious and Charitable Exemption | Property used for religious or charitable purposes | Varies | Must file application with County Auditor |
It's important to note that the eligibility requirements and amounts listed above are specific to Stutsman County in North Dakota. Other counties or states may have different rules and regulations when it comes to Homestead exemptions and deductions.
Residents are encouraged to research their options and speak with a tax professional to fully understand their rights and responsibilities. Taking advantage of these exemptions and deductions can lead to substantial savings on property taxes, so it's worth doing your homework!
When is Stutsman County Property Tax due ?
Stutsman County Property Tax is typically due on January 1st of each year. However, taxpayers are given until March 1st to make their payments without incurring any penalties.
There are several payment methods available for those who need to pay their Stutsman County Property Taxes. These methods include:
| Payment Method | Details |
|---|---|
| In-Person | Payments can be made at the Stutsman County Treasurer's Office located in the County Courthouse. Cash, check, or money order are accepted. |
| Payments can be sent to the Stutsman County Treasurer's Office by mail. Check or money order are accepted. | |
| Online | Payments can be made online through the Stutsman County Treasurer's website. Credit card, debit card, or e-check are accepted. A convenience fee will be charged for this service. |
It is important to note that if payment is not received by March 1st, a 5% penalty will be added to the tax amount owed. Additionally, interest will accrue on any unpaid balances at a rate of 1% per month until the balance is paid in full.
Taxpayers should ensure that they have the necessary funds available and make their payments on time to avoid any unnecessary penalties or fees.
If you have more questions - contact your local tax collector.
How is Stutsman County Property Tax penalty calculated ?
Stutsman County Property Tax Penalty Calculation
Stutsman County levies property taxes on real estate and personal properties owned by individuals and businesses. The county imposes a penalty for late payment of property taxes.
The penalty is calculated as a percentage of the unpaid taxes and accrues interest until the taxes are paid. The penalty rate depends on the time elapsed since the payment deadline.
The payment deadline for the first half of the year is March 1st, and for the second half, it is October 15th. If the payment is not made by these deadlines, the penalty and interest will be added to the amount due.
Here is an example of how the penalty is calculated:
Suppose an individual owes $2,000 in property taxes for the first half of the year, and the payment deadline is March 1st. If the payment is not made by the deadline, the penalty will be calculated as follows:
Penalty rate = 5% of the unpaid taxes (2,000 x 5% = $100) Interest rate = 1% per month (12% per year) on the unpaid taxes and penalty ($2,100 x 1% = $21 per month)
If the payment is made on March 31st, the total amount due would be $2,121 ($2,000 + $100 penalty + $21 interest).
However, if the payment is made on May 1st, the total amount due would be $2,242 ($2,000 + $100 penalty + $142 interest).
In summary, property owners in Stutsman County must pay property taxes by March 1st and October 15th to avoid penalties and interest. The penalty is calculated as a percentage of the unpaid taxes, and the interest accrues monthly until payment is made.
We recommend contacting the Stutsman County Tax Office or a local tax professional for the most up-to-date and accurate information.