Example of Ward County Property Tax Calculation
Ward County calculates property tax by multiplying the property's assessed value by the current tax rate. For example, if a property in Ward County has an assessed value of $100,000 and the current tax rate is 1%, the property tax would be $1,000.
To determine the assessed value, the county assesses the property's worth based on its market value and other factors such as improvements, location, and condition.
It's important to note that property taxes in Ward County can vary depending on the type of property and its location within the county. Additionally, certain exemptions or deductions may apply for certain properties, such as those owned by senior citizens or veterans.
Overall, property tax is an important source of revenue for local governments in the United States, including Ward County. It helps fund essential services such as schools, roads, and public safety.
If you want appeal your property tax assessment - contact your local tax assessor.
Ward County Property Tax Rates
The table below displays the Ward County Property Tax rates in US dollars per 100$ of assessed value:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.582 |
| County Road and Bridge | $0.294 |
| County Poor Relief | $0.008 |
| County Planning and Zoning | $0.015 |
| City General | $1.793 |
| School District | $2.259 |
| Park District | $0.398 |
Note that property taxes are assessed annually and vary based on the value and location of the property. It is recommended that individuals consult with a tax advisor for specific information on their property tax rates.
Who sets property tax rates in Ward County ?
In Ward County, property tax rates are determined by the County Commission. The commission sets the tax rates annually during their budgetary process. The rates are based on the assessed value of properties within the county and are used to fund various county services and projects. It's important for Ward County property owners to keep track of any changes to the tax rates in order to properly budget for their tax obligations.
Homestead exemptions in Ward County ?
In Ward County, Texas, homeowners can benefit from various Homestead exemptions and deductions. Here is a breakdown of the specific exemptions and deductions available in the county:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Property owners who use their property as their primary residence | Up to $25,000 | This exemption applies to both real and personal property. |
| Over 65 Exemption | Property owners who are 65 years or older | Additional $10,000 exemption on top of Homestead Exemption | This exemption only applies to the primary residence. |
| Disabled Person Exemption | Property owners who have a disability | Additional $10,000 exemption on top of Homestead Exemption | This exemption only applies to the primary residence. |
| Veteran's Exemption | Veterans who have a disability connected to their military service | Additional exemption based on the percentage of disability | The exemption amount varies based on the percentage of the veteran's disability. |
| Agricultural Land Exemption | Property used for agricultural purposes | Up to 1,000 acres | This exemption applies to land used for farming, ranching, or timber production. |
It is important to note that some of these exemptions require documentation and proof of eligibility. Homeowners in Ward County should contact the county tax assessor's office for more information on how to apply for these exemptions and deductions.
By taking advantage of these Homestead exemptions and deductions, homeowners in Ward County can potentially reduce their property taxes and save money.
When is Ward County Property Tax due ?
Ward County Property Tax Due Date and Payment Methods
Ward County Property Tax is due on January 31st of every year. If the due date falls on a weekend or a holiday, it will be moved to the next business day.
To pay your property tax, you can choose one of the following methods:
| Payment Method | Description |
|---|---|
| Online Payment | You can pay your property tax online using e-check, debit card or credit card. Visit the Ward County website and follow the instructions to make a payment. |
| You can mail a check or money order to the Ward County Treasurer's Office. Make sure to include your property tax statement and send it before the due date. | |
| In Person | You can pay your property tax in person at the Ward County Treasurer's Office. The office is located at 225 3rd St SE, Minot, ND 58701. |
It is important to note that if you do not pay your property tax by the due date, you will be charged a penalty and interest on the unpaid amount. Therefore, it is recommended to pay your property tax on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Ward County Property Tax penalty calculated ?
Ward County Property Tax Penalty Calculation
Property owners in Ward County are required to pay property taxes on their real estate holdings. Failure to pay these taxes by the due date results in penalties, which are added to the unpaid balance. The penalty for late payment is based on a percentage of the unpaid taxes, and the calculation is as follows:
- If payment is made within 30 days of the due date, the penalty is 2% of the unpaid tax amount.
- If payment is made more than 30 days after the due date, the penalty increases to 5% of the unpaid tax amount.
- An additional penalty of 1% per month will be added for each subsequent month that the taxes remain unpaid.
To illustrate how the penalty is calculated, consider the following example. Suppose a property owner has an unpaid tax balance of $5,000, and the due date for payment was January 31st, 2021. If the payment is made on February 15th, 2021, the penalty for late payment would be calculated as follows:
- $5,000 x 2% = $100 (penalty for being up to 30 days late)
So, the total amount owed would be the sum of the unpaid tax balance and the penalty:
- $5,000 + $100 = $5,100
If the payment is made on March 31st, 2021, the penalty for late payment would be calculated as follows:
- $5,000 x 5% = $250 (penalty for being more than 30 days late)
- $250 + ($5,000 x 1%) = $255 (penalty for being late for one month)
So, the total amount owed in this case would be:
- $5,000 + $250 + $255 = $5,505
It is important for property owners in Ward County to pay their property taxes on time to avoid penalties and additional fees. Property tax payments can be made online, by mail, or in person at the Ward County Treasurer’s Office.
We recommend contacting the Ward County Tax Office or a local tax professional for the most up-to-date and accurate information.