Example of Bradley County Property Tax Calculation
In Bradley County, property tax is calculated based on the assessed value of the property. The county assessor's office determines the value of the property by considering factors such as size, location, and condition.
Once the assessed value of the property is determined, the local government multiplies it by the property tax rate. For example, if the assessed value of the property is $100,000 and the property tax rate is 2%, then the property owner would owe $2,000 in property taxes.
It's important to note that property tax rates can vary in different areas of Bradley County. Additionally, property owners may be eligible for certain exemptions or deductions that can lower their property tax bill.
If you have questions about property tax in Bradley County, you can reach out to the county assessor's office or a local tax professional for assistance.
If you want appeal your property tax assessment - contact your local tax assessor.
Bradley County Property Tax Rates
Below is a formatted table of the current property tax rates for Bradley County in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $2.4582 |
| Special County General | $0.3542 |
| School | $2.7100 |
| Municipal | $0.9600 |
| Fire | $0.5875 |
| Total | $6.0700 |
It's important to note that these rates are subject to change and may vary depending on the specific location and type of property. If you have any questions or concerns about your property taxes, it's recommended to consult with a qualified tax advisor.
Who sets property tax rates in Bradley County ?
Property Tax Rates in Bradley County
Property tax rates in Bradley County are set by the county's Board of Commissioners. The Board of Commissioners is responsible for determining the property tax rate each year during the budget process.
The property tax rate is calculated by taking the total assessed value of all property in Bradley County and dividing it by the amount of revenue needed to fund the county's budget. The resulting tax rate is then applied to each property owner's assessed value to determine their property tax bill.
The property tax rate in Bradley County varies depending on the location and use of the property. For example, residential properties typically have a lower tax rate than commercial or industrial properties.
It is important for property owners in Bradley County to stay informed about changes in the property tax rate and their tax bills. Property tax rates are typically set in the fall and become effective on January 1st of the following year.
For additional information on property tax rates in Bradley County, property owners should contact the county's Tax Assessor's Office.
Homestead exemptions in Bradley County ?
In Bradley County, Tennessee, there are various Homestead exemptions and deductions that residents may be eligible for. Here are the details for each one:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Must own and occupy the property | Up to $25,000 | Applies to all taxpayers |
| Elderly/Disabled Homestead Exemption | Must be 65 or older OR totally and permanently disabled | Up to $57,000 | Applies to all taxpayers |
| Disabled Veterans' Exemption | Must be a veteran with a service-connected disability | Up to $100,000 | Applies to all taxpayers |
| Tax Freeze | Must be 65 or older OR totally and permanently disabled | Varies based on property value | Freezes property tax amount |
| Greenbelt Exemption | Must have a qualifying agricultural or forestry use for the property | Varies based on property value | Applies to all taxpayers |
Notes:
- To claim the Elderly/Disabled Homestead Exemption, taxpayers must provide proof of age or disability.
- For the Disabled Veterans' Exemption, veterans must provide proof of service-connected disability from the U.S. Department of Veterans Affairs.
- The Tax Freeze only applies to the county portion of the property tax, not city or school taxes.
- The Greenbelt Exemption requires an application and approval from the Tennessee Division of Property Assessments.
When is Bradley County Property Tax due ?
According to the official website of Bradley County, the property taxes are typically due on February 28th of each year. However, if February 28th falls on a weekend or holiday, the due date is extended to the following business day.
Payment methods for Bradley County Property Tax include:
- Online: The county allows residents to pay their property taxes online using a credit card or e-check.
- By Mail: Property owners can also mail in their payment through a check or money order to the address listed on the tax bill.
- In Person: For those who prefer to pay in person, there are several payment locations throughout the county.
It's important to note that if payment is not received by the due date, late fees and penalty charges may be added. Therefore, it's highly recommended for property owners to make their payment on time to avoid these extra charges.
If you have more questions - contact your local tax collector.
How is Bradley County Property Tax penalty calculated ?
The Bradley County Property Tax penalty is calculated as a percentage of the delinquent taxes owed on a property. The penalty is added to the unpaid taxes and accumulates each month until the full amount is paid. Here's an example:
John owns a property in Bradley County and the property tax due date was on February 28th. John forgot to pay his property tax, and now it's May 1st. The total amount of property tax due for John's property is $1,000. The penalty for the first month of delinquency is 1.5%, so John will owe an additional $15.
To calculate the penalty for the second month of delinquency, we add the previous month's penalty ($15) to the unpaid taxes ($1,000) and multiply the total amount by the penalty rate of 1.5%. The second month's penalty is $22.50.
The penalty will continue to accumulate each month until John pays the full amount owed. It's important to pay property taxes on time to avoid costly penalties.
Here's a table summarizing the penalty rates for each month of delinquency:
| Month of Delinquency | Penalty Rate |
|---|---|
| 1st Month | 1.5% |
| 2nd Month | 1.5% |
| 3rd Month | 1.5% |
| 4th Month | 1.5% |
| 5th Month | 1.5% |
| 6th Month | 1.5% |
| 7th Month | 1.5% |
| 8th Month | 1.5% |
| 9th Month | 1.5% |
| 10th Month and up | 10% |
As you can see, the penalty rate increases significantly after the 10th month of delinquency, so it's important to pay property taxes as soon as possible to avoid these costly penalties.
We recommend contacting the Bradley County Tax Office or a local tax professional for the most up-to-date and accurate information.