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City of Nome Real Property - Frequently Asked Questions
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Click on question to view answer.
Real Property (real estate) is the rights to land and improvements to the land.
Business personal property is composed of tangible assets held for use in a business, other than real property. Taxable business personal property includes, but is not limited to, inventory, supplies, furniture, fixtures, equipment, leasehold improvements, and rental furnishings. Personal property is also defined as any person holding personal property within the city boundaries such as boats, trailers, campers and recreational equipment.
Definition: The tax per dollar of assessed value of property. The rate is expressed in “mills”, where one mill is one-tenth of a cent ($0.001). Multiply the total assessed value (land value + improvements value) by the mill rate (10 mills). Example: If your total assessed value is $100,000.00, 1 mill would equal $100.00 ($100,000 X .001 = $100). So if the mill rate is 10 mills, your tax amount would be $1,000.00 ($100,000 X .010 = $1,000).
Tax notices are typically mailed out between June 15th and July 1st of each year for the current year taxes. The mailing date is subject to change depending on when the City Council sets the mill rate.
For the 2010 tax year, first half installment is due July 15. Second half installment is due October 15.
Contact the City Clerk's Office. Not receiving a tax bill does not relieve you from paying taxes
No. At this time, the City of Nome does not offer these services
Make checks, money orders, cashier checks or travelers checks payable to: City of Nome. For mailing or physical address click here
If an installment is not paid in full by the due date, the unpaid balance of that installment becomes delinquent, plus penalty of 8% and interest at 8% per annum shall accrue on the unpaid balance of delinquent taxes from the due date until paid in full
Envelope postmarked by the US Post Office by 11:59 P.M. on or before the due date. Clerk's Office receipt received in person by 5:00 P.M. on or before the due date. Note: If the due date falls on a weekend or holiday, the due date is the next business day.
Real Property taxes are due and payable as billed even if you have filed an appeal on the assessed value of your property. A refund will be made, if appropriate, after resolution of your appeal.
Yes, but that does not stop the penalty, interest or foreclosure costs from being applied to the account if at least the minimum payments were not paid by the first and second half due dates.
Yes, but the exact amount will not be known until after the City Council has established the mill rate for that year.
It is the property owner's responsibility to ensure their mortgage company pays their taxes timely each year. Escrow contracts are between the property owner and the mortgage company.
Applications, procedures and guidelines are available in the City Clerk's Office. . The application form can be found by going to City Forms & Permits on the Clerk's Office opening page.
Property taxes are billed on a calendar year basis (January - December).
Bi-annually, a petition for judgment and decree of foreclosure and sale is filed with the Superior Court concerning real property parcels with unpaid delinquent taxes for the preceding year(s). Foreclosed property may be redeemed during the one-year redemption period by paying the tax amount(s) along with penalty, interest, and costs due. Properties not redeemed prior to the expiration of redemption period are deeded to the City. Deeded properties that are not repurchased beforehand may be taken by the City for public purpose or sold at public auction. Additional information regarding foreclosure, deed, and sale of foreclosed property may be obtained by contacting the City Clerk's Office.
Payment will be reversed off of the account back to the effective date of the payment. The tax billing system will automatically apply any penalty, interest and costs as if the payment was never made. An additional $25.00 cost will be added for returned check fee.
Contact the City Clerk's Office for all ownership and address changes.
It is the property owner's responsibility to ensure their taxes are paid timely each year. Failure to receive a tax bill does not relieve the taxpayer of responsibility for timely payment or constitute cause for cancellation of penalty, interest or costs in cases of delinquency.
The information contained herein has most recently been updated on 6/18/2010 |
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