Example of Trego County Property Tax Calculation
Trego County calculates property taxes based on the assessed value of the property. For example, if a property's assessed value is $100,000 and the tax rate is 2%, the property tax would be $2,000. The assessed value is determined by a county assessor who values the property based on its market value and any improvements made to it. Property owners can appeal the assessed value if they believe it is too high. The property tax revenue is used to fund local government services such as schools, police, and infrastructure projects.
If you want appeal your property tax assessment - contact your local tax assessor.
Trego County Property Tax Rates
The Trego County property tax rates for the year 2021 are detailed in the table below. The tax rates are stated per 100 dollars of assessed property value.
| Tax | Rate per $100 Assessed Value |
|---|---|
| County Tax | $1.5682 |
| School Tax | $4.1457 |
| Township Tax | $0.3745 |
| City Tax | $1.2095 |
| Total | $7.2979 |
It is important to note that property tax rates can vary depending on the specific location, type and use of the property. It is advisable to consult with a tax professional for an accurate and comprehensive assessment of property taxes.
Who sets property tax rates in Trego County ?
Who sets property tax rates in Trego County?
The Trego County Commission sets property tax rates in Trego County, which is a county in the state of Kansas. The Commission is made up of three elected members and meets regularly to discuss and make decisions regarding county issues, including property taxes.
When are property tax rates set in Trego County?
Property tax rates in Trego County are set annually, typically during the summer months. The Commission holds public hearings and reviews the county's budget before determining the final tax rate for the upcoming year.
How are property tax rates determined in Trego County?
The property tax rate in Trego County is determined by assessing the value of all property in the county and then calculating the necessary tax revenue to fund the county's budget. Property owners are taxed a percentage of the assessed value of their property, which varies depending on the property's classification, such as residential or commercial.
What is the current property tax rate in Trego County?
As of 2021, the property tax rate in Trego County is 0.862% for residential properties and 1.524% for commercial properties. It's important to note that property tax rates can change each year, depending on the county's budget needs and other factors. Property owners in Trego County should always consult with a tax advisor to understand their specific tax obligations.
Homestead exemptions in Trego County ?
To provide clarity and ease of access to important information, a table has been created below outlining the various Homestead exemptions and deductions available in Trego County, Kansas. The table includes columns for exemption type, eligibility requirements, maximum amount, and any relevant notes.
| Exemption Type | Eligibility Requirements | Maximum Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Must own and occupy property as primary residence on January 1st of tax year | Up to $20,000 in assessed value | None |
| Military Service Exemption | Veteran or active duty military member who owns and occupies the property as primary residence on January 1st of tax year | Up to $1,500 in assessed value | Must provide proof of service |
| Disability Exemption | Permanent physical disability, visually impaired, or legally blind and own and occupy property as primary residence on January 1st of tax year | Up to $1,500 in assessed value | Must provide proof of disability |
| Low Income Exemption | Owner must have a household income below $20,000 and own and occupy the property as primary residence on January 1st of tax year | Up to $2,500 in assessed value | Must provide proof of income |
| Homestead Property Tax Refund | Owner must be 65 years or older, or permanently and totally disabled, and have a household income below $35,700 | Up to $700 refund | Must apply with Kansas Department of Revenue |
It is important to note that property owners must apply for these exemptions and provide necessary documentation to the county assessor's office. Additionally, some exemptions may not be available to all property owners or may have additional qualifications. It is recommended that property owners research their specific circumstances and consult with the county assessor's office for further information.
When is Trego County Property Tax due ?
Trego County Property Tax Due Date and Payment Methods
Trego County property tax is typically due on December 20th of each year. If the deadline falls on a weekend or holiday, taxpayers have until the next business day to pay their property tax.
Here are the available payment methods:
| Method | Details |
|---|---|
| Payments can be mailed to the Trego County Treasurer's Office at P.O. Box 987, WaKeeney, KS 67672. Payments must be postmarked on or before December 20th to avoid late fees. | |
| In-person | Payments can be made in-person at the Trego County Treasurer's Office, located at 216 N Main St, WaKeeney, KS 67672. The office is open Monday to Friday from 8:00 am to 5:00 pm. |
| Online | Payments can be made online through the Trego County website at https://treasurer.tregocountyks.com. A convenience fee will be charged for online payments. |
It is important for taxpayers to make timely property tax payments to avoid late fees and penalties. Additionally, failure to pay property taxes can result in a tax sale of the delinquent property.
If you have more questions - contact your local tax collector.
How is Trego County Property Tax penalty calculated ?
Trego County calculates property tax penalties based on a set of rules and regulations that are put in place by the government. The penalty is added to the original amount of property tax owed if the payment is not made on time. Here's an example to help make it easier to understand:
Let's say John owns a property in Trego County and the total amount of property tax owed for the year is $2,000. The due date for payment is January 1st but John forgets to make the payment on time. As a result, a penalty is added to the original amount of property tax owed.
The penalty is calculated based on a percentage of the original amount owed, and the percentage increases each month that the payment is late. In Trego County, the penalty starts at 1% per month and increases by an additional half-percent each month that the payment is not made.
So, if John misses the payment deadline and pays his property tax on February 1st, he will owe a penalty of 1.5% on top of the original $2,000, which comes out to $30. If John continues to delay the payment and pays on April 1st, the penalty will be 2.5%, adding up to $50.
To summarize:
| Payment Date | Penalty Rate | Penalty Amount |
|---|---|---|
| January 1st | 0% | $0 |
| February 1st | 1.5% | $30 |
| March 1st | 2% | $40 |
| April 1st | 2.5% | $50 |
It is important to remember that property taxes are due on January 1st, and if the payment is not made on time, the penalty will start accruing from that date. To avoid penalties, make sure to pay property taxes on time or make arrangements with the Trego County tax office for a payment plan.
We recommend contacting the Trego County Tax Office or a local tax professional for the most up-to-date and accurate information.