Example of Antrim County Property Tax Calculation
Antrim County calculates property taxes based on the value of the property. To determine the tax amount, a formula is used that takes into consideration the assessed value of the property, the millage rate, and any applicable tax exemptions.
For example, let's say a 10-year-old boy named Jack owns a property in Antrim County with an assessed value of $100,000. The millage rate for the area is 25 mills or 0.025. To calculate the property taxes, you would multiply the assessed value by the millage rate:
$100,000 x 0.025 = $2,500
This means that Jack would owe $2,500 in property taxes. However, if he qualifies for any tax exemptions, such as a homestead exemption, the amount would be reduced accordingly.
It's important to note that property taxes in Antrim County can vary depending on the location and type of property. It's always a good idea to consult with a tax professional or the County Treasurer's office for more specific information.
If you want appeal your property tax assessment - contact your local tax assessor.
Antrim County Property Tax Rates
Antrim County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Homestead | $1.4596 |
| Non-Homestead | $6.9752 |
| Agricultural | $2.0000 |
| Personal Property | $6.9752 |
The table above shows the property tax rates for Antrim County. The tax rates are expressed as the amount of tax due per $100 of assessed value. The rates vary depending on the type of property being taxed. For homestead property, the rate is $1.4596, while non-homestead property is taxed at a much higher rate of $6.9752. Agricultural property is taxed at a rate of $2.0000, and personal property is also taxed at a rate of $6.9752.
Who sets property tax rates in Antrim County ?
Who sets property tax rates in Antrim County?
The Antrim County Board of Commissioners sets the property tax rates in Antrim County.
When are property tax rates set in Antrim County?
Property tax rates in Antrim County are set annually by the Antrim County Board of Commissioners during their budgetary process.
During this process, the board evaluates the county's financial needs and determines the appropriate tax rate to meet those needs while also considering the impact on taxpayers.
It is important for property owners to stay informed about any changes to the property tax rates in Antrim County so that they can plan and budget accordingly. Property owners can visit the Antrim County website or contact the county treasurer's office for more information.
Homestead exemptions in Antrim County ?
To help homeowners in Antrim County, Michigan understand their Homestead exemptions and deductions, we have compiled a comprehensive table below. This table includes all county-specific exemptions, along with eligibility requirements, amounts, and important notes to keep in mind.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Principal Residence Exemption (PRE) | Must be a Michigan resident and occupy the property as their primary residence | 18 mills of school taxes | Must file an affidavit with the local assessor to claim. |
| Agricultural Exemption | Must have a valid agricultural assessment | Varies based on property | Only applies to agricultural land and must be actively used for agricultural purposes. |
| Veterans Exemption | Must be a veteran, unmarried widow of a veteran, or a veteran's spouse | $5,000 | Must have proof of service and file an affidavit with the local assessor to claim. |
| Disabled Veterans Exemption | Must be a veteran with a service-connected disability | 100% exemption | Must provide proof of service and disability and file an affidavit with the local assessor to claim. |
| First Responder Exemption | Must be a first responder (police, firefighter, or medical first responder) | Varies based on property | Must provide proof of employment and file an affidavit with the local assessor to claim. |
| Forest Exemption | Must have qualified forest property | Varies based on property | Must have a Forest Management Plan and actively manage the land for commercial purposes. |
| Historic Preservation Exemption | Must have a qualified historic district or landmark | Varies based on property | Must be approved by the local historic district commission and meet certain criteria. |
It is important to note that some exemptions may not be combined and certain eligibility requirements may have specific criteria that must be met. Homeowners should contact their local assessor's office for more information on how to claim these exemptions and deductions.
By taking advantage of these Homestead exemptions and deductions, homeowners in Antrim County can reduce their property tax burden and make homeownership more affordable.
When is Antrim County Property Tax due ?
Antrim County Property Tax is typically due on September 14th of each year.
There are multiple payment methods available for Antrim County Property Tax:
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In-person payment: Taxpayers can visit the Antrim County Treasurer's Office located at 203 E. Cayuga St., Bellaire, MI 49615 to pay in-person by cash, check, or credit card (with a fee).
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Mail payment: Taxpayers can also mail their payment to the Antrim County Treasurer's Office. The address for mailing the payment is Antrim County Treasurer, PO Box 187, Bellaire, MI 49615. Payment options available for mail payment include check or money order.
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Online payment: For additional convenience, taxpayers can pay their Antrim County Property Tax online using the county's website. Taxpayers can pay via electronic check or credit card (with a fee).
It is important to note that late payments will incur interest and penalty fees. Taxpayers are encouraged to pay their Antrim County Property Tax on time to avoid these additional fees.
If you have more questions - contact your local tax collector.
How is Antrim County Property Tax penalty calculated ?
Antrim County Property Tax Penalty Calculation
Antrim County levies property taxes on its residents every year. These taxes are used to fund various services such as education, healthcare, and infrastructure development. Property owners are required to pay these taxes on time. If someone fails to pay their taxes on time, they are subject to a penalty.
How is the penalty calculated?
The penalty for late payment of property taxes in Antrim County is calculated as a percentage of the unpaid balance. The percentage is determined by the number of days past the due date.
| Days past due date | Penalty percentage |
|---|---|
| 1-30 days | 1% |
| 31-60 days | 2% |
| 61-90 days | 3% |
| 91-120 days | 4% |
| Over 120 days | 5% |
For example, suppose a property owner owes $10,000 in property taxes for the year. The due date for payment is March 31. If the property owner pays the tax bill on April 10th, 10 days past the due date, they will be subject to a 1% penalty on the unpaid $10,000, which comes to $100.
If they still haven't paid by May 30th, 60 days past the due date, the penalty increases to 2%, which would be $200. If they continue to delay payment and fail to pay until October 1st, over 180 days past the due date, the penalty would increase to the maximum of 5%, or $500.
Conclusion
It is essential that Antrim County property owners pay their taxes on time to avoid penalties. They should make sure to set a reminder for the due date and budget accordingly to ensure timely payment.
We recommend contacting the Antrim County Tax Office or a local tax professional for the most up-to-date and accurate information.