Example of Bradford County Property Tax Calculation
To calculate Bradford County property tax, you first need to determine the assessed value of the property. This is the value assigned to the property by the local government for tax purposes. Next, you need to multiply the assessed value by the current tax rate in Bradford County, which is $10.50 per $1,000 of assessed value.
For example, let's say a home in Bradford County has an assessed value of $100,000. To calculate the property tax, you would multiply $100,000 by the tax rate of $10.50 per $1,000, which gives you a total of $1,050 in property taxes for the year.
It is important to note that some properties in Bradford County may be eligible for exemptions or discounts on property taxes, such as those for senior citizens or veterans. These can help reduce the amount owed in property taxes. Additionally, property taxes are typically paid on a quarterly basis throughout the year.
If you want appeal your property tax assessment - contact your local tax assessor.
Bradford County Property Tax Rates
The table below lists the current property tax rates for Bradford County in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Countywide | $7.18 |
| City of Starke | $5.41 |
| City of Lawtey | $5.42 |
| City of Hampton | $6.00 |
| Town of Brooker | $4.30 |
Please note that these rates are subject to change and individuals should consult with a tax professional for specific information regarding their property taxes.
Who sets property tax rates in Bradford County ?
Who Sets Property Tax Rates in Bradford County?
The property tax rates in Bradford County are set by the Bradford County Board of Commissioners. They have the power to set the tax rates for all properties within the county.
When are Property Tax Rates Set?
Property tax rates are set annually by the Board of Commissioners during their budget planning process. The budget is typically finalized in the fall, and property owners can expect to receive their tax bills in early to mid-January of the following year.
How are Property Tax Rates Determined?
The Board of Commissioners determines property tax rates based on the county's budget needs for the year. They take into account various factors such as the cost of providing public services, infrastructure improvements, and other county expenses.
Appealing Property Tax Rates
If a property owner believes their property tax rate is too high, they may file an appeal with the Bradford County Board of Assessment Appeals. The board will review the appeal and determine if any adjustments to the property tax rate are warranted.
It is important to note that property owners must file their appeals by a specific deadline, which is typically in the spring of the year. Property owners should consult with a tax professional or contact the Bradford County Board of Commissioners for more information on the appeal process.
Homestead exemptions in Bradford County ?
To help homeowners in Bradford County, Florida, the following table lists all county-specific Homestead exemptions and deductions.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Primary residence | Up to $50,000 | Must file an application by March 1st |
| Senior Citizen Exemption | Age 65 or older | Additional $50,000 | Income limit of $29,972 |
| Disability Exemption | Disability certified by doctor | Additional $500 | Must provide a doctor's certification |
| Veterans Exemption | Honorably discharged veteran | Additional $5,000 | Must provide proof of military service and discharge |
| Widow/Widower Exemption | Spouse has passed away | Additional $500 | Must provide a death certificate |
Notes:
- All exemptions are for the assessed value of the property up to the exemption amount.
- The Homestead Exemption also provides protection from creditors and limits on property tax increases.
- The Senior Citizen Exemption has an annual renewal requirement.
- The Disability Exemption requires recertification by a doctor every year.
- The Veterans Exemption is available to the veteran or their surviving spouse.
- The Widow/Widower Exemption is available for two years following the spouse's death.
By taking advantage of these exemptions and deductions, homeowners in Bradford County can save money on their property taxes and protect their primary residence.
When is Bradford County Property Tax due ?
According to the Bradford County Tax Collector's office, property taxes are typically due by March 31st each year. Failure to pay by this date may result in penalties and interest charges.
Payment methods include:
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Online: Property owners can pay their taxes online through the Bradford County Tax Collector's website using a credit card, debit card, or e-check.
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By Mail: Property owners can also mail in their payment to the Bradford County Tax Collector's office. The address is 945 N Temple Ave, Starke, FL 32091. Payments made by mail must be postmarked by March 31st to avoid penalties and interest.
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In Person: Payments can be made in-person at the Bradford County Tax Collector's office located at 945 N Temple Ave, Starke, FL 32091. Accepted payment methods include cash, check, credit card, and money order.
It is important for property owners to pay their taxes on time to avoid penalties and interest charges. If you have any questions or concerns about the payment process, please contact the Bradford County Tax Collector's office for assistance.
If you have more questions - contact your local tax collector.
How is Bradford County Property Tax penalty calculated ?
To calculate the penalty for late payment of property taxes in Bradford County, Florida, the following formula is used:
Penalty Amount = (Delinquent Taxes x 3%) + Interest
Here's an example:
Let's say John owns a property in Bradford County with an assessed value of $200,000. The property tax rate for the area is 2%. John's property tax bill for the year would be $4,000 (2% of $200,000).
If John fails to pay his tax bill by the due date, he will incur a penalty of 3% on the delinquent taxes, which in this case would be $120 (3% of $4,000). Additionally, interest is charged at a rate of 1.5% per month, calculated from the due date until the date the taxes are paid in full.
Let's assume John pays his taxes 90 days past the due date. The interest charged would be $180 (1.5% x 3 months x $4,000), bringing the total penalty to $300 ($120 penalty + $180 interest). Therefore, John would owe a total of $4,300 ($4,000 tax bill + $300 penalty) to avoid further penalties and interest.
To summarize, the penalty for late payment of property taxes in Bradford County is calculated by adding 3% of the delinquent taxes to the interest charged at a rate of 1.5% per month. It is important to pay property taxes on time to avoid incurring these penalties and additional interest charges.
We recommend contacting the Bradford County Tax Office or a local tax professional for the most up-to-date and accurate information.