A press release from the Lake County Tax Assessor’s office recently announced that property tax statements were mailed as of Thursday, Oct. 24.
Taxpayers that pay their balance in full by Friday, Nov. 15, are eligible for a three percent discount.
Taxpayers may also pay the statement’s minimum amount by the same date, but taxpayers will need to follow the statement’s instructions for determining the amount and time of additional payments, according to the press release.
During the year, the assessor’s office reported a two percent taxable increase for taxing districts, with the exception being those districts through which the Ruby Pipeline passed.
Taxable value decreased by about 12 percent in these districts to the county, reduced from $398 million to $355 million.
Reasons for this reduction are varied, but Lake County Tax Assessor Larry Reeder said a likely reason is a general reduction in natural gas prices. As a result of this reduction, the districts through which the pipeline passes will see reductions of varied amounts in tax-generated revenue.
Several tax districts have benefitted from the increased revenue to the county from the Ruby Pipeline’s installation, Reeder noted.
“It was a pretty good thing for that pipeline to come into Lake County,” he said.
Date of postmark is accepted as date paid for mailed-in tax payments, and the payment portion of the statement should be submitted with payment.
Office hours for the Lake County Tax Assessor’s office are 8:30 a.m. to 5 p.m., Monday through Friday, and will be closed on Monday, Nov. 11, for Veteran’s Day. For more information, call 541-947-6000.