Benzie County property tax

Benzie County Property Tax Rates

The Benzie County Property Tax rates for 2021 are listed below in a formatted table:

It is important for property owners in Benzie County to be aware of these tax rates when budgeting for their property expenses.

Example of Benzie County Property Tax Calculation

In Benzie County, the calculation of property tax is based on the market value of the property. To calculate the tax, the assessor first determines the assessed value of the property by multiplying the market value by the state equalization factor. The tax rate is then applied to the assessed value to determine the amount of property tax owed.

For example, if a 10-year-old owns a property with a market value of $100,000 and the state equalization factor is 1.0, the assessed value would be $100,000. If the tax rate is 2%, the property tax owed would be $2,000.

It is important to note that property tax rates and equalization factors vary by county and can change year to year. Property owners can check with their local assessor's office for the most up-to-date information on property tax calculations in Benzie County.

If you want appeal your property tax assessment - contact your local tax assessor.

Who sets property tax rates in Benzie County ?

Property tax rates in Benzie County, Michigan are set by the Benzie County Board of Commissioners. This board is comprised of elected officials who are responsible for overseeing various aspects of county government, including taxation. Property tax rates are established annually during a public meeting where the board reviews the county budget and determines the funds needed to support county services and programs.

The county board, in collaboration with the county assessor's office, assesses the value of all taxable property in the county to determine the amount of tax revenue needed to fund the county's operations. Once the budget is established, the tax rate is set based on the assessed property values and the amount of revenue required to meet the budget.

Property owners in Benzie County receive their tax bills from the county treasurer's office, which collects payment on behalf of the county. Property taxes are due twice a year, typically in July and December.

It's important for property owners to understand the property tax rates in their area and how they are calculated, as these taxes can have a significant impact on their finances. By staying informed and engaged in the local government process, property owners can ensure that their voices are heard and that their tax dollars are being used effectively to support their community.

Homestead exemptions in Benzie County ?

The following is a table containing information on the various Homestead exemptions and deductions available in Benzie County in Michigan:

It's important to note that homeowners must apply for these exemptions and deductions with the Benzie County Treasurer's office. Additionally, some exemptions may have specific eligibility requirements and deadlines for application. The Treasurer's office can provide more information on the application process and requirements.

Overall, these exemptions and deductions can provide significant relief for homeowners in Benzie County, helping to lower their property tax burden and make homeownership more affordable.

When is Benzie County Property Tax due ?

Benzie County Property Tax is typically due on September 14th of each year. However, this date may vary slightly depending on weekends and holidays. It is important for property owners to pay their property taxes on time to avoid penalties and interest charges.

There are several payment methods available to property owners in Benzie County. These include:

It is recommended that property owners pay their property taxes early to ensure on-time payment and avoid any potential issues with payment processing. It is also important to note that failure to pay property taxes can result in a tax lien being placed on the property, which can affect the property owner's credit and ability to sell the property in the future.

If you have more questions - contact your local tax collector.

How is Benzie County Property Tax penalty calculated ?

Benzie County Property Tax Penalty Calculation

In Benzie County, Michigan, the property tax penalty is calculated based on the amount of delinquent taxes owed and the number of days past the payment deadline.

The penalty is calculated as follows:

• If the payment is up to 30 days late, the penalty is 1% of the total tax owed.
• If the payment is 31 to 60 days late, the penalty is 2% of the total tax owed.
• If the payment is 61 to 90 days late, the penalty is 3% of the total tax owed.
• If the payment is more than 90 days late, the penalty is 4% of the total tax owed.

For example, let's say a property owner in Benzie County owes $2,000 in property taxes due on December 1st. If the owner pays the taxes on December 31st, 30 days late, the penalty will be 1% of $2,000, or $20.

However, if the owner pays the taxes on February 28th, 90 days late, the penalty will be 3% of $2,000, or $60.

It's important to note that interest will also accrue on the delinquent taxes at a rate of 1% per month or fraction of a month until paid in full.

To avoid penalties and interest, property owners must pay their property taxes on time in Benzie County.

We recommend contacting the Benzie County Tax Office or a local tax professional for the most up-to-date and accurate information.

Benzie County tax offices:

• Benzie County tax assessor
• Benzie County tax collector
• Benzie County tax commissioner
• Benzie County tax appraiser
• Benzie County tag office