Bledsoe County property tax

Example of Bledsoe County Property Tax Calculation

Bledsoe County calculates property tax based on the assessed value of the property. The assessed value is determined by the county assessor's office and is typically a percentage of the market value of the property. For example, if the market value of a property is $100,000 and the assessed value is 20%, then the assessed value would be $20,000.

Once the assessed value is determined, the county applies the property tax rate to calculate the amount of tax owed. In Bledsoe County, the property tax rate for 2021 is $2.72 per $100 of assessed value. Using the example above, the property tax owed would be $544 ($20,000 x $2.72).

It's important to note that there may be additional fees or exemptions that could affect the final amount owed. Property owners in Bledsoe County should contact the county assessor's office or tax collector's office for more information.

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

Bledsoe County Property Tax Rates

Here is a formatted table of Bledsoe County's property tax rates in US dollars per $100 of assessed value:

Please note that these rates are subject to change and can vary based on the assessed value of the property. If you have any questions or concerns about your property taxes, it is recommended that you speak with a qualified tax advisor or the Bledsoe County Tax Assessor's Office.

Who sets property tax rates in Bledsoe County ?

Property Tax Rates in Bledsoe County

In Bledsoe County, property tax rates are set by the County Commission each year. The County Commission meets annually to review the budget and set the tax rates for the upcoming year. Property tax rates are based on the assessed value of the property, which is determined by the County Property Assessor.

The property tax rates in Bledsoe County are used to fund essential services such as schools, roads, and public safety. The tax rates vary depending on the property's location and use, and the rates are published annually so that property owners can plan and budget accordingly.

It's essential to note that property taxes are due by February 28th of each year. Failure to pay property taxes on time can result in additional fees, penalties, and even legal action. Property owners can appeal their property tax assessment if they believe it's inaccurate, and they should contact the county's tax assessor's office for more information on how to proceed with an appeal.

In summary, property tax rates in Bledsoe County are set by the County Commission each year and are based on the assessed value of the property. Property owners must pay their property taxes on time to avoid additional fees and penalties.

Homestead exemptions in Bledsoe County ?

In Bledsoe County, Tennessee, there are various Homestead exemptions and deductions that residents may be eligible for. Here is a breakdown of the different categories and their corresponding exemptions:

Exemption

• General Homestead Exemption
• Disabled Veterans Exemption
• Elderly or Disabled Exemption
• Agricultural Exemption
• Religious, Charitable, Scientific, Literary, or Educational Exemption

Eligibility

• General Homestead Exemption: Available to all Tennessee residents who use their home as their primary residence.
• Disabled Veterans Exemption: Available to disabled veterans or their surviving spouses who meet certain eligibility criteria.
• Elderly or Disabled Exemption: Available to residents who are 65 years or older, or permanently and totally disabled.
• Agricultural Exemption: Available to residents who own at least 15 acres of land that is primarily used for agricultural purposes.
• Religious, Charitable, Scientific, Literary, or Educational Exemption: Available to properties that are owned and operated by a qualified organization.

Amount

• General Homestead Exemption: $25,000 in property value.
• Disabled Veterans Exemption: $175,000 in property value.
• Elderly or Disabled Exemption: Up to $28,000 in income or property value, depending on eligibility.
• Agricultural Exemption: Varies depending on the use of the property.
• Religious, Charitable, Scientific, Literary, or Educational Exemption: Varies depending on the use of the property.

Notes

• To apply for any of these exemptions, residents must complete an application and provide supporting documents.
• Deadlines for application vary depending on the exemption.
• Additional exemptions may be available for certain circumstances, such as natural disasters or energy-efficient upgrades.

When is Bledsoe County Property Tax due ?

Bledsoe County Property Tax Due Date and Payment Methods

Bledsoe County property tax is due on the last day of February every year. The due date may be extended to March 1st if the last day of February falls on a weekend or a holiday.

Property owners have several options for paying their taxes, including:

It's important to note that failure to pay property taxes on time may result in penalties and interest charges, as well as the possibility of a tax lien or foreclosure. Therefore, property owners are urged to pay their taxes promptly to avoid any negative consequences.

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

How is Bledsoe County Property Tax penalty calculated ?

Bledsoe County Property Tax Penalty Calculation

When a property owner fails to pay their property taxes on time, they are subject to penalties and interest charges. Bledsoe County follows a specific formula to calculate the property tax penalty.

Here is how the penalty is calculated in Bledsoe County:

1. A delinquent penalty of 1.5% is added on the unpaid tax amount after the due date.

2. If the tax remains unpaid for more than one month, an additional penalty of 1.5% is added to the delinquent tax amount.

3. For each additional month that the tax remains unpaid, an additional penalty of 1.5% is added to the previous penalty and the delinquent tax amount.

4. Interest is also charged at a rate of 1% per month, starting from the due date until the tax is paid in full.

Example:

Let's say John owns a property in Bledsoe County and his property tax bill of $2,000 was due on October 31st, 2021. However, he failed to pay it on time. Here is how the penalties and interest charges will be calculated:

• Delinquent penalty of 1.5% will be added to the unpaid tax amount, which is $2,000 x 1.5% = $30.

• Since John did not pay the tax for more than one month, an additional penalty of 1.5% will be added, which is $2,000 x 1.5% = $30.

• As John still hasn't paid the tax for another month, an additional penalty of 1.5% will be added to the previous penalty and the delinquent tax amount, which is ($2,000 + $30) x 1.5% = $30.45.

• Interest will also be charged for two months at a rate of 1% per month, which is $2,000 x 1% x 2 = $40.

Therefore, the total amount John owes now is $2,000 + $30 + $30.45 + $40 = $2,100.45.

It is always advisable to pay property taxes on time to avoid these penalties and interest charges.

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

Bledsoe County tax offices:

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