Beaufort County Property Tax Rates
The following table lists the Beaufort County Property Tax rates for the current fiscal year:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Operating | $0.4435 |
| County Debt Service | $0.0308 |
| County Fire and Rescue | $0.0494 |
| Towns within Beaufort County | Varies by town |
It is important to note that the tax rates may vary slightly depending on the exact location and classification of the property. As a tax advisor, it is recommended to verify the specific rate with the Beaufort County Tax Department to ensure accuracy when filing taxes.
Example of Beaufort County Property Tax Calculation
Beaufort County calculates property taxes based on the assessed value of the property. The assessed value is determined by the county tax assessor's office and is based on the fair market value of the property.
To calculate the property tax, the assessed value is multiplied by the current tax rate for the county. For example, if the assessed value of a home in Beaufort County is $100,000 and the current tax rate is 0.75%, the property tax owed would be $750.
It's important to note that property tax rates can vary by municipality within Beaufort County, so it's best to check with the local tax assessor's office for specific rates in your area.
Overall, property taxes are an important revenue source for local governments and are used to fund essential services such as schools, police and fire departments, and road maintenance.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Beaufort County ?
Who sets property tax rates in Beaufort County?
The Beaufort County Council sets property tax rates in Beaufort County.
When are property tax rates set in Beaufort County?
The property tax rates in Beaufort County are set annually during the budget process, which typically occurs in the spring. The County Council holds public hearings to gather input from residents before making a final decision on the property tax rates for the upcoming year.
Below is a table of the current property tax rates in Beaufort County for the 2021 tax year:
| Property Type | Tax Rate per $100 of Assessed Value |
|---|---|
| Primary Residence | 0.3562 |
| Non-Primary Residence | 0.4392 |
| Commercial | 0.4146 |
| Agricultural | 0.0568 |
It is important to note that property tax rates may vary based on the specific location within Beaufort County and any special tax districts that may apply.
Homestead exemptions in Beaufort County ?
To provide transparency and clarity for homeowners in Beaufort County, North Carolina, the following table outlines all Homestead exemptions and deductions available in the county. The table includes four columns: exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly or Disabled | Age 65+ or permanently disabled | Up to $25,000 | Adjusted Gross Income limit applies |
| Disabled Veteran | Honorably discharged and partially disabled from service | Up to $45,000 | May be transferred to surviving spouse |
| Surviving Spouse of Firefighter or Law Enforcement Officer | Spouse of firefighter or law enforcement officer killed in the line of duty | Up to $30,000 | Must have been residing in the home at the time of death |
| Property Tax Deferral | Age 65+ or permanently disabled | Deferred until property is sold or transferred | Interest accrues at 5% per annum |
It's important to note that eligibility requirements and amounts may differ from county to county, and homeowners in Beaufort County should consult with their local tax office for more information. Additionally, property owners should be aware of important deadlines and application requirements for these exemptions and deductions. By taking advantage of these benefits, homeowners can potentially lower their property taxes and ease their financial burden.
When is Beaufort County Property Tax due ?
Beaufort County Property Tax is typically due on January 15th of each year. However, if the due date falls on a weekend or holiday, the deadline is extended to the next business day.
There are several payment methods available for Beaufort County Property Tax:
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Online: Property owners can pay their taxes online through the Beaufort County Treasurer's website using a credit/debit card or eCheck.
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Mail: Property owners can also mail their payments to the Beaufort County Treasurer's Office. The mailing address is included on the tax bill.
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In person: Property owners can make their payments in person at the Beaufort County Treasurer's Office located in the Beaufort County Government Center. Payments can be made with cash, check, or money order.
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Dropbox: For after-hours payments, property owners can use the dropbox located outside of the Beaufort County Treasurer's Office.
It is important to note that if the property tax is not paid by the due date, penalties and interest will accrue on the amount owed. Therefore, it is advised to make payments on time to avoid any additional charges.
If you have more questions - contact your local tax collector.
How is Beaufort County Property Tax penalty calculated ?
Beaufort County Property Tax Penalty Calculation:
When it comes to property taxes in Beaufort County, there are certain deadlines that taxpayers must follow to avoid penalties. If a taxpayer fails to pay his/her property taxes by the due date, he/she will be subjected to a penalty consisting of a 5% initial penalty plus an additional 0.5% per month (or fraction thereof) for up to five months.
Here's an example to help you understand the penalty calculation:
Let's say John owns a property in Beaufort County, and his total property tax bill for the year is $2,000. The due date for his property taxes is January 15. However, John forgot about the deadline and missed it.
Penalty Calculation:
- Initial Penalty: 5% of $2,000 = $100
- Late Payment Penalty (for February): 0.5% of $2,000 = $10
- Late Payment Penalty (for March): 0.5% of $2,000 = $10
- Late Payment Penalty (for April): 0.5% of $2,000 = $10
- Late Payment Penalty (for May): 0.5% of $2,000 = $10
Total Penalty = $100 (Initial Penalty) + $10 (Late Payment Penalty for February) + $10 (Late Payment Penalty for March) + $10 (Late Payment Penalty for April) + $10 (Late Payment Penalty for May) = $140
Therefore, John will have to pay a total of $2,140 ($2,000 + $140) to settle his property taxes for the year.
To avoid such penalty, it is always recommended to pay the property taxes on time or before the due date. You can also check your property tax balances online on Beaufort County's website or contact the Beaufort County Treasurer's Office for any queries or assistance.
We recommend contacting the Beaufort County Tax Office or a local tax professional for the most up-to-date and accurate information.