Example of Augusta County Property Tax Calculation
In Augusta County, property tax is calculated based on the assessed value of the property. For example, if a home has an assessed value of $100,000, the property tax rate of $0.68 per $100 of assessed value would result in an annual property tax bill of $680.
To calculate the property tax for a specific property, you can use the following formula:
Assessed Value x Property Tax Rate = Property Tax
It's important to note that the assessed value may not necessarily be the same as the market value of the property. The county assesses the value based on factors such as the size, location, and condition of the property.
Property taxes are used to fund local services such as schools, roads, and emergency services. It's important for property owners to pay their taxes on time to avoid penalties and interest charges.
Overall, calculating property tax in Augusta County is a straightforward process based on the assessed value and the property tax rate.
If you want appeal your property tax assessment - contact your local tax assessor.
Augusta County Property Tax Rates
The following table lists the property tax rates for Augusta County in US dollars, per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.65 |
| County Schools | $0.89 |
| County Fire | $0.06 |
| County Rescue Squad | $0.03 |
| County Service Authority | $0.25 |
| Shenandoah Valley Commuter Rail | $0.01 |
| Total | $1.89 |
These rates are subject to change, and property owners should consult with a tax advisor or the Augusta County government for the most up-to-date information.
Who sets property tax rates in Augusta County ?
Who sets property tax rates in Augusta County?
The Augusta County Board of Supervisors is responsible for setting property tax rates in Augusta County, Virginia. The board meets annually to determine the tax rate, and any changes to the rate must be approved by a majority of the board members.
When are property tax rates set in Augusta County?
The Augusta County Board of Supervisors typically sets property tax rates during its annual budget process, which takes place in the spring. The board holds public hearings to gather input from residents before making a final decision on the tax rate.
How are property tax rates determined in Augusta County?
Property tax rates in Augusta County are determined based on the county budget, which funds various services and programs such as schools, public safety, and infrastructure. The board of supervisors considers factors such as revenue projections, expenses, and community needs when setting the tax rate.
What is the current property tax rate in Augusta County?
As of 2021, the property tax rate in Augusta County is $0.54 per $100 of assessed value for real estate and $1.04 per $100 of assessed value for personal property. It is important to note that assessed values for properties in Augusta County may vary based on individual property characteristics and market conditions.
Homestead exemptions in Augusta County ?
To help homeowners in Augusta County, Virginia, understand their Homestead exemptions and deductions, we've compiled a table with all the relevant information. Check out the columns below for details on exemption criteria, eligibility requirements, maximum amounts, and important notes about each program.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Owner-occupied primary residence | Up to $5,000 | Must file application by June 1 of tax year |
| Disabled Veterans Exemption | Veteran with 100% service-related disability rating | Up to $10,000 | Must have been honorably discharged and provide proof of disability |
| Elderly or Disabled Exemption | Age 65+ or permanently disabled | Up to $20,000 | Must meet income requirements and file application by June 1 of tax year |
| Agricultural/Forestal District Exemption | Property used for agricultural or forestal purposes | Up to 75% reduction in assessed value | Must apply to join district and meet requirements for land use |
Note: There may be additional exemptions or deductions available in Augusta County, so homeowners should check with the county assessor's office for full details. Additionally, some programs may require annual renewal or proof of eligibility.
When is Augusta County Property Tax due ?
Augusta County Property Tax Due Date and Payment Methods
Augusta County Property Tax is typically due on December 5th of every year. If this date falls on a weekend or holiday, the next business day is the due date.
To pay your property tax, there are various payment methods available, including:
- Online payment: You can pay your property tax online using the Augusta County Treasurer's website. This option accepts electronic checks (no fee) and credit/debit cards (a fee will be charged).
- Mail: You can mail your payment to the Augusta County Treasurer's office at the address provided on your tax bill. Please ensure that your payment is postmarked by December 5th to avoid late fees.
- In-person: You can pay your property tax in person at the Augusta County Treasurer's office during business hours. Accepted payment methods include cash, check, and credit/debit cards (a fee will be charged).
It's important to note that if you do not pay your property tax by the due date, you may incur late fees and interest charges. Additionally, failure to pay your property tax can result in a tax lien on your property.
To avoid any penalties, it's recommended to pay your Augusta County Property Tax on time using one of the convenient payment methods mentioned above.
If you have more questions - contact your local tax collector.
How is Augusta County Property Tax penalty calculated ?
Augusta County Property Tax Penalty Calculation
In Augusta County, if a property owner fails to pay property taxes by the due date, a penalty will be added to the amount owed. The penalty is calculated based on the number of days the payment is past due and the interest rate.
Here is an example of how the penalty is calculated:
Assuming the property owner owes $1,000 in property taxes and the due date is June 30th. If the payment is made on July 15th, it will be considered 15 days past due.
To calculate the penalty, Augusta County uses a formula that adds 10% of the amount owed plus 6% interest per year divided by 365 days multiplied by the number of days past due.
So, the penalty for a property owner who pays their taxes on July 15th would be:
$1,000 x 10% (penalty percentage) = $100 penalty
$1,000 x 6% (annual interest rate) = $60 interest
$60 ÷ 365 x 15 (number of days past due) = $0.98
Total penalty = $100 + $0.98 = $100.98
Therefore, the property owner would owe $1,100.98 in total, including the penalty and interest.
It is important to note that the penalty percentage and interest rate may vary each year and property owners should always check with Augusta County for the current rates and due dates to avoid penalties.
Here is a summary of how Augusta County calculates property tax penalty:
| Penalty percentage | 10% of amount owed | | Annual interest rate | 6% | | Number of days past due | (current date - due date) | | Penalty calculation formula | (10% x amount owed) + ((6% / 365) x number of days past due x amount owed) |
In conclusion, property owners in Augusta County should make timely payments to avoid penalties and interest charges.
We recommend contacting the Augusta County Tax Office or a local tax professional for the most up-to-date and accurate information.