Example of Blount County Property Tax Calculation
Blount County property tax is calculated based on the assessed value of a property. The assessed value is determined by the county appraisal office, which assesses the property's value based on its location, size, type of property and other factors.
For example, if a property in Blount County has an assessed value of $100,000, the property tax rate for that area is $0.53 per $100 of assessed value, then the property tax owed would be calculated as:
Assessed value: $100,000 Property tax rate: $0.53 per $100 of assessed value Tax owed: $530
This property tax is typically paid annually and helps fund essential services such as schools, roads, and emergency services. It is important to note that property tax rates and assessments can vary by county and location within the county.
If you want appeal your property tax assessment - contact your local tax assessor.
Blount County Property Tax Rates
Blount County property tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General County | $2.35 |
| Education | $2.32 |
| Highway | $0.20 |
| Debt Service | $0.20 |
| Ambulance | $0.05 |
| Solid Waste | $0.03 |
These rates are effective for the current tax year and are subject to change in future years. Blount County property owners should be aware of these rates when budgeting for their property taxes.
Who sets property tax rates in Blount County ?
In Blount County, property tax rates are set by the County Commission every year. The County Commission is made up of elected officials who have the responsibility of setting the tax rate for the county.
Property tax rates are typically set during budget season, which takes place in the late summer and early fall. During this time, the County Commission reviews the proposed budget for the county and determines how much revenue is needed to meet the county's financial obligations.
Once the revenue needs have been determined, the County Commission sets the property tax rate for the upcoming year. The tax rate is based on the assessed value of the property and is typically expressed as a certain number of cents per $100 of assessed value.
It's important to note that property tax rates can vary from year to year and can be influenced by a variety of factors, including changes in property values, changes in the county's financial situation, and changes in the needs of the community.
When is Blount County Property Tax due ?
Blount County Property Tax is typically due on October 1st of each year. Property owners can pay their taxes using one of the following methods:
Payment Methods:
| Method | Description |
|---|---|
| Online | Property owners can pay their property taxes online using the Blount County Trustee’s website. Payments can be made using a bank account or a credit/debit card. |
| Property owners can mail their property tax payments to the Blount County Trustee’s Office at P.O. Box 157, Maryville, TN 37802. Payments must be postmarked by the due date to avoid late fees. | |
| In-Person | Property owners can pay their property taxes in-person at the Blount County Trustee’s Office located at 341 Court Street, Maryville, TN 37804. Payment can be made using cash, check, or money order. |
It is important to note that if property owners fail to pay their property taxes by the due date, they will be subject to late fees and penalties. Therefore, it is recommended that property owners make their payments on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
Homestead exemptions in Blount County ?
In Blount County, Tennessee, there are various Homestead exemptions and deductions available to homeowners. Here is a table outlining the different options available, including exemption, eligibility, amount, and notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | Up to $25,000 | This exemption applies to the assessed value of the property and can be claimed on the primary residence or a mobile home. |
| Disabled Veterans Exemption | Veterans with a service-related disability of 30% or more | Up to $175,000 | This exemption applies to the assessed value of the property and can be claimed on the primary residence or a mobile home. |
| Elderly or Disabled Tax Relief | Homeowners over 65 years of age or with a disability | Up to $23,000 | This exemption applies to the assessed value of the property and can only be claimed on the primary residence. |
| Disability Tax Relief | Homeowners with a disability | Up to $23,000 | This exemption applies to the assessed value of the property and can only be claimed on the primary residence. |
| Agricultural Exemption | Property used for agriculture purposes | Varies | This exemption applies to the assessed value of the property and can only be claimed on property used for agriculture. |
| Greenbelt Law | Property used for agricultural, forest or open space purposes | Varies | This exemption applies to the assessed value of the property and can only be claimed on property used for the specified purposes. |
It's important to note that some of these exemptions may require specific documentation or applications, so homeowners should check with the county's Property Assessor's Office for more information.
How is Blount County Property Tax penalty calculated ?
Blount County Property Tax penalty is calculated based on a set formula that takes into account the amount of the unpaid taxes and the length of time they have been outstanding. The penalty is assessed as a percentage of the original tax amount and is added on top of the unpaid taxes. Here is an example of how the penalty is calculated:
Suppose a homeowner in Blount County owes $1,000 in property taxes for the year. If they fail to pay the taxes by the due date, which is typically February 28th, they will be subject to a penalty. The penalty for late payment is 1.5% per month, or 18% per year, of the unpaid tax amount.
If the homeowner waits until March 28th to pay the taxes, they will owe an additional 1.5% penalty for the first month that the taxes were unpaid, which amounts to $15 ($1,000 x 1.5%). If they still haven't paid by April 28th, they will owe another 1.5% penalty, plus the previous penalty, for a total of $30 in penalties ($1,000 x 3% total penalty). This process continues each month until the taxes are paid in full or until the maximum penalty of 18% is reached.
Here is a breakdown of the penalty amounts based on the number of months that the taxes have been unpaid:
| Month | Penalty Percentage | Penalty Amount |
|---|---|---|
| 1 | 1.5% | $15 |
| 2 | 3.0% | $30 |
| 3 | 4.5% | $45 |
| 4 | 6.0% | $60 |
| 5 | 7.5% | $75 |
| 6 | 9.0% | $90 |
| 7 | 10.5% | $105 |
| 8 | 12.0% | $120 |
| 9 | 13.5% | $135 |
| 10 | 15.0% | $150 |
| 11 | 16.5% | $165 |
| 12+ | 18.0% | Maximum Penalty |
It's important for homeowners in Blount County to pay their property taxes on time to avoid incurring penalties. If you have any questions about your property tax bill or the penalty calculation, you should contact the Blount County Tax Assessor's Office for assistance.
We recommend contacting the Blount County Tax Office or a local tax professional for the most up-to-date and accurate information.