Example of Walsh County Property Tax Calculation
To calculate Walsh County property tax, the county tax assessor uses the following formula:
Assessed Value x Mill Levy = Property Tax
For example, if a property in Walsh County has an assessed value of $100,000 and the mill levy for the area is 50, the property tax would be:
$100,000 x 0.05 = $5,000
The mill levy is a percentage of the assessed value that is used to calculate the property tax. The mill levy can vary depending on the location and type of property. Some factors that can affect the mill levy include school district funding, local government budgets, and infrastructure projects.
It is important to note that property taxes in Walsh County may also include additional fees or assessments, such as special assessments for infrastructure improvements. Property owners can contact the Walsh County tax assessor's office for more information on their specific property tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Walsh County Property Tax Rates
The following table lists Walsh County Property Tax rates in US dollars per 100$ of assessed value:
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| County | 4.98 |
| Cities | Varies by location |
| School Districts | Varies by location |
| Special Assessments | Varies by project |
Please note that city, school district, and special assessment rates may differ depending on the location within Walsh County. It is recommended to consult with a local tax advisor for more detailed information.
Who sets property tax rates in Walsh County ?
Who sets property tax rates in Walsh County?
The Walsh County Board of Commissioners is responsible for setting property tax rates in Walsh County, North Dakota.
When are property tax rates set in Walsh County?
Property tax rates are typically set during the annual budget process, which takes place in the fall of each year. The budget is then adopted in December, and the new property tax rates go into effect the following year.
How are property tax rates determined in Walsh County?
Property tax rates are based on the assessed value of the property and the budgetary needs of the county. The Walsh County Board of Commissioners reviews the proposed budget and determines the necessary property tax rates to cover the costs of county services, such as law enforcement, road maintenance, and public health.
What is the current property tax rate in Walsh County?
As of 2021, the property tax rate in Walsh County is 0.03% of the assessed value of the property. However, this rate may vary based on changes in the budget and changes to the assessed value of the property.
Homestead exemptions in Walsh County ?
The following table includes all county specific Homestead exemptions and deductions for Walsh County in North Dakota:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Primary residence | Up to $120,000 of assessed value | Must file application by February 1st |
| Disabled Veteran Exemption | Disabled veterans | Up to $150,000 of assessed value | Must provide proof of disability |
| Agricultural Property Exemption | Agricultural property | Up to 70% of assessed value | Must meet certain criteria for agricultural use |
| Elderly and Disabled Exemption | Elderly or disabled individuals | Up to $6,750 of property value | Must meet income requirements and provide proof of age or disability |
It is important to note that these exemptions and deductions are specific to Walsh County and may differ from other counties in North Dakota. Eligibility requirements and application processes may also vary, so it is recommended to consult with the county assessor's office for further information.
By taking advantage of these exemptions and deductions, residents of Walsh County may be able to reduce their property tax burden and save money.
When is Walsh County Property Tax due ?
Walsh County Property Tax is typically due on March 1st every year. Payment can be made through various methods such as:
| Payment Method | Details |
|---|---|
| Online Payment | Payment can be made through the official Walsh County website using a credit card or electronic check. |
| Mail-in Payment | Payment can be mailed to the Walsh County Treasurer's Office along with a check or money order. |
| In-person Payment | Payment can also be made in person at the Walsh County Treasurer's Office using cash, check, or credit card. |
It is important to note that failure to pay property taxes on time can result in penalties and interest charges. It is recommended to make payments on or before the due date to avoid any additional charges.
If you have more questions - contact your local tax collector.
How is Walsh County Property Tax penalty calculated ?
How is Walsh County Property Tax Penalty Calculated?
When property owners in Walsh County, North Dakota fail to pay their property taxes by the due date, they are subject to a penalty. This penalty is calculated based on a percentage of the unpaid taxes and the amount of time the taxes have been delinquent.
Here is an example:
Let's say a property owner owes $2,000 in property taxes, but fails to pay them by the due date of January 1st. The penalty for late payment is 5% of the unpaid taxes. If the property owner pays the taxes on March 1st, they will owe an additional $100 ($2,000 x 5% = $100) in penalties, bringing their total owed to $2,100.
If the property owner still does not pay by the end of the year, an additional penalty of 2% will be added for each subsequent month the taxes remain unpaid.
To avoid penalties, property owners in Walsh County should make sure to pay their property taxes on time. If you have questions about your property taxes or penalty calculation, contact the Walsh County Treasurer's office for assistance.
| Delinquent Months | Penalty Rate |
|---|---|
| 1-2 | 5% |
| 3-4 | 7% |
| 5-6 | 9% |
| 7-8 | 11% |
| 9-10 | 13% |
| 11-12 | 15% |
| 13+ | 2% per month |
We recommend contacting the Walsh County Tax Office or a local tax professional for the most up-to-date and accurate information.