Example of Assumption Parish Property Tax Calculation
Assuming a 10-year-old wants to know about Assumption Parish Property Tax calculation, one can explain it in an easy-to-understand manner. The calculation of property taxes in Assumption Parish is based on the property's assessed value and the millage rate set by the Parish Council.
For example, let's say a property in Assumption Parish has an assessed value of $100,000 and the millage rate is set at 100 mills. To calculate the property tax, the assessed value ($100,000) would be multiplied by the millage rate (100 mills), resulting in a tax bill of $10,000 (100,000 x 0.1).
It's worth noting that the millage rate can vary from year to year, and a property's assessed value can change based on factors like renovations or changes in the local real estate market. Additionally, property owners may qualify for exemptions or credits that can reduce their tax bill.
Overall, understanding how property taxes are calculated in Assumption Parish can help property owners make informed decisions about their finances and plan for the future.
If you want appeal your property tax assessment - contact your local tax assessor.
Assumption Parish Property Tax Rates
The following table displays the Assumption Parish Property Tax rates:
| Tax | Rate per $100 of assessed value |
|---|---|
| General | $0.80 |
| Law Enforcement | $0.42 |
| Solid Waste | $0.10 |
| Drainage | $0.25 |
| Fire District #1 | $0.10 |
| Fire District #2 | $0.10 |
| Fire District #3 | $0.10 |
| Fire District #4 | $0.10 |
| Fire District #5 | $0.10 |
| Fire District #6 | $0.10 |
| Fire District #7 | $0.10 |
| Fire District #8 | $0.10 |
| Fire District #9 | $0.10 |
| Fire District #10 | $0.10 |
Please note that the rates listed are per $100 of assessed value.
Who sets property tax rates in Assumption Parish ?
Question: Who and when sets property tax rates in Assumption Parish?
In Assumption Parish, property tax rates are set by the Assumption Parish Police Jury. The rates are typically set annually and are based on the assessed value of the property. The Police Jury is responsible for determining the budget for the parish, and property tax revenues are a significant source of funding for the parish government. The property tax rates may vary depending on the location of the property and the type of property owned. Homeowners, businesses, and commercial property owners in Assumption Parish should be aware of the property tax rates and how they impact their finances. It is advisable to consult with a tax advisor to ensure that you are paying the correct amount of property taxes and taking advantage of any available exemptions or deductions.
When is Assumption Parish Property Tax due ?
Assumption Parish Property Tax is typically due on December 31st of each year. The payment methods available for taxpayers are online, in-person, or by mail.
Online Payment
To pay online, taxpayers can visit the Assumption Parish Tax Collector's website and select the "Pay Property Taxes" option. They will need to input their tax bill number and the applicable amount owed. Payment can be made using a credit/debit card or electronic check.
In-Person Payment
Taxpayers can also make their payment in-person at the Assumption Parish Tax Collector's Office. The office is located at 4809 Highway 1, Napoleonville, LA 70390. Payment can be made using cash, check, money order, or credit/debit card.
Mail Payment
Lastly, taxpayers can send their payment by mail to the Assumption Parish Tax Collector's Office. The mailing address is P.O. Box 370, Napoleonville, LA 70390. Payment should be made using either a check or money order.
It is important to note that late payments will result in penalties and interest charges, so taxpayers should be sure to make their payment by the deadline.
If you have more questions - contact your local tax collector.
Homestead exemptions in Assumption Parish ?
Assumption Parish, located in Louisiana, provides various Homestead exemptions and deductions for its residents. To make it easier for you to understand, a table with columns such as exemption, eligibility, amount, and notes has been created below, which includes all the county-specific Homestead exemptions and deductions in Assumption Parish.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | All homeowners and residents | Up to $75,000 | The first $75,000 of the assessed value of the property is exempted |
| Special Assessment Level Freeze | All homeowners aged 65 and above or disabled | Depends on assessment level | The assessment level is frozen at the current level, and the property taxes cannot increase unless renovations or improvements are made |
| School Tax Freeze | All homeowners aged 65 and above or disabled | Depends on tax rate | The school tax rate is frozen at the current rate, and the property taxes cannot increase unless renovations or improvements are made |
| Disabled Veterans Homestead Exemption | Veterans who have a 50% or greater service-connected disability | Up to $150,000 | The first $150,000 of the assessed value of the property is exempted |
| Surviving Spouse Homestead Exemption | Surviving spouse of military, law enforcement, or first responder killed in action | Up to $150,000 | The first $150,000 of the assessed value of the property is exempted |
| Widow/Widower Homestead Exemption | Widow/Widower | Up to $75,000 | The first $75,000 of the assessed value of the property is exempted |
It is important to note that in order to qualify for any of these exemptions or deductions, the property owner must apply for them with the Assumption Parish Assessor's Office. Additionally, the eligibility criteria for each exemption may be subject to change, so it is recommended to check with the Assessor's Office for the most up-to-date information.
By taking advantage of these Homestead exemptions and deductions, residents of Assumption Parish can potentially save a considerable amount on their property taxes.
How is Assumption Parish Property Tax penalty calculated ?
Assumption Parish Property Tax Penalty Calculation:
The Assumption Parish levies property taxes on all real estate in the parish. Property owners are required to pay their taxes on or before the due date, failing which they will incur penalties. The penalty is calculated as a percentage of the unpaid tax amount, and it increases with each passing month.
Here’s an example of how the penalty is calculated:
| Month | Penalty | Total Penalty |
|---|---|---|
| 1 | 1% of unpaid tax | $10 |
| 2 | 2% of unpaid tax | $20 |
| 3 | 3% of unpaid tax | $30 |
| 4 | 4% of unpaid tax | $40 |
| 5 | 5% of unpaid tax | $50 |
Let’s assume that a property owner owes $1,000 in property taxes to the Assumption Parish. The due date for the payment is April 30th, but the property owner fails to pay until July 31st.
Firstly, the total number of months the taxes were overdue is calculated by subtracting the due date from the payment date: July - April = 3 months
Next, the penalty percentage is calculated for each month by multiplying the number of months by the penalty rate:
Month 1: 1% x $1,000 = $10 Month 2: 2% x $1,000 = $20 Month 3: 3% x $1,000 = $30
Finally, the total penalty is calculated by adding up the penalty for each month:
$10 + $20 + $30 = $60
Therefore, the property owner will have to pay an additional $60 in penalties, making their total property tax payment $1,060.
It's important to pay property taxes on time to avoid incurring penalties. Property owners can contact the Assumption Parish Tax Assessor’s Office for more information on the payment process or to discuss any issues related to property tax payments.
We recommend contacting the Assumption Parish Tax Office or a local tax professional for the most up-to-date and accurate information.