Example of Barry County Property Tax Calculation
Barry County calculates property taxes based on the assessed value of the property. The assessed value is determined by the county assessor's office and is equal to a percentage of the property's market value.
For example, let's say a property in Barry County has a market value of $100,000. The county assessor may assess the property at 50% of its market value, resulting in an assessed value of $50,000.
Once the assessed value is determined, the property is subject to a tax rate set by the local government. Let's say the tax rate for the area is 1%. To calculate the property taxes owed, you would multiply the assessed value by the tax rate:
$50,000 x 1% = $500
Therefore, in this scenario, the property owner would owe $500 in property taxes for the year. It's important to note that property tax rates and assessment percentages can vary depending on location and other factors.
If you want appeal your property tax assessment - contact your local tax assessor.
Barry County Property Tax Rates
Here is a formatted table of the Barry County Property Tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General County | $0.8123 |
| County Road | $0.2396 |
| Drainage | $0.0500 |
| Intermediate School | $0.4096 |
| Local School | $1.9022 |
| State Education | $0.0620 |
| Township | $0.9959 |
It is important for taxpayers to note these rates when calculating their property tax obligations in Barry County. If you have any questions or concerns about your property taxes, it is recommended that you consult with a tax advisor or local tax authority for assistance.
Who sets property tax rates in Barry County ?
Who sets property tax rates in Barry County?
Property tax rates in Barry County are set by the local government officials.
When are property tax rates set in Barry County?
Property tax rates in Barry County are set annually by the Board of Commissioners during their budgeting process.
Here is a table summarizing the process of setting property tax rates in Barry County:
| Task | Description |
|---|---|
| Budgeting | The Board of Commissioners reviews the county's needs and sets a budget. |
| Revenue | The county determines how much revenue is needed to fund the budget. |
| Tax Levy | The tax levy, or amount of property tax to be collected, is determined based on budget and revenue needs. |
| Assessment | The county assessor assesses the value of each property to determine the amount of tax owed. |
| Tax Rate | The tax rate is calculated by dividing the tax levy by the total assessed value of all properties in the county. |
| Approval | The Board of Commissioners approves the tax rate and it becomes effective for the upcoming tax year. |
Overall, property tax rates are set through a careful process that aims to balance the needs of the county with the ability of property owners to pay.
Homestead exemptions in Barry County ?
In Barry County, Michigan, there are several specific Homestead exemptions and deductions available for residents. Here is a breakdown of each exemption and deduction, along with eligibility requirements and applicable notes:
Homestead Exemptions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Principal Residence Exemption (PRE) | Must be a Michigan resident and occupy the property as a primary residence | Exempts 100% of the home's taxable value | Must file a PRE form with the local assessor |
| Disabled Veterans Exemption | Must be a wartime veteran with a disability rating of 100% or a service-connected disability | Exempts $50,000 of the home's taxable value | Must provide documentation of disability and military service |
| Surviving Spouses of Veterans | Must be the unremarried surviving spouse of a veteran who died in the line of duty | Exempts $25,000 of the home's taxable value | Must provide documentation of military service and death |
| Paraplegic Exemption | Must be paralyzed and unable to walk without assistance | Exempts 100% of the home's taxable value | Must provide medical documentation of paralysis |
Homestead Deductions
| Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Agricultural Homestead | Must have at least 3 acres of agricultural property and use it for farming purposes | Exempts a portion of the home's taxable value based on the percentage of the property used for farming | Must provide proof of agricultural use |
| Qualified Forest Property | Must have at least 20 acres of forest property and be enrolled in a qualified forest program | Exempts a portion of the home's taxable value based on the percentage of the property enrolled in the program | Must provide proof of enrollment |
| Historic Property | Must have a property listed on the National Register of Historic Places | Exempts a portion of the home's taxable value | Must provide documentation of historic designation |
It's important to note that eligibility requirements and exemption/deduction amounts may vary by county and may be subject to change. It's recommended to contact the local assessor's office for current information and to ensure eligibility.
When is Barry County Property Tax due ?
Barry County Property Tax is typically due every year on February 14th. However, if that date falls on a weekend or holiday, the due date is the next business day.
There are several payment methods available for paying property taxes in Barry County. Here is a table outlining the options:
| Payment Method | Details |
|---|---|
| Online | Pay online with a credit card, debit card, or electronic check through the Barry County Treasurer's website. A convenience fee will be added for credit and debit card payments. |
| Mail a check or money order, along with the payment stub from the tax bill, to the Barry County Treasurer's Office. | |
| In Person | Pay in person at the Barry County Treasurer's Office using cash, check, or money order. |
| Drop Box | Place a check or money order, along with the payment stub from the tax bill, in the drop box located outside the Barry County Treasurer's Office. |
It's important to note that failure to pay property taxes on time can result in penalties and interest charges. If you have any questions about paying your Barry County Property Tax, contact the Barry County Treasurer's Office for assistance.
If you have more questions - contact your local tax collector.
How is Barry County Property Tax penalty calculated ?
Barry County Property Tax penalty is calculated based on the amount of unpaid taxes and the length of time they have been overdue. The penalty rate is set by the state of Michigan at 1.5% per month, with a maximum penalty of 18% per year.
For example, if a property owner in Barry County owes $10,000 in property taxes and they are one month overdue, the penalty would be calculated as follows:
- 1.5% penalty rate per month x $10,000 in unpaid taxes = $150 penalty for one month overdue
If the taxes remained unpaid for three months, the penalty would be calculated as:
- 1.5% penalty rate per month x $10,000 in unpaid taxes = $150 penalty for the first month overdue
- 1.5% penalty rate per month x $10,150 (original taxes plus first month penalty) = $152.25 penalty for the second month overdue
- 1.5% penalty rate per month x $10,302.25 (original taxes plus two month penalties) = $154.53 penalty for the third month overdue
Therefore, the total penalty for three months overdue would be $456.78, and the total amount owed including penalties would be $10,456.78.
It is important for property owners in Barry County, and throughout Michigan, to pay their property taxes on time to avoid penalties and additional fees.
We recommend contacting the Barry County Tax Office or a local tax professional for the most up-to-date and accurate information.