Breathitt County property tax

Example of Breathitt County Property Tax Calculation

Breathitt County calculates property taxes based on the value of the property. The county's tax rate is $0.966 per $100 of the assessed value. To determine the assessed value, the county assesses the property at 100% of its fair market value.

For example, if a property in Breathitt County has a fair market value of $100,000, the assessed value would be $100,000. Next, the assessed value would be divided by 100 and multiplied by the tax rate of $0.966.

So, the property tax calculation for this property would be:

$100,000 (assessed value) ÷ 100 x $0.966 (tax rate) = $966 (total property tax)

Breathitt County also offers exemptions for some property owners, such as senior citizens or disabled persons. These exemptions can lower the property tax owed.

It's important to note that property taxes are collected by the county and go towards funding local services like schools, police and fire departments, and road maintenance.

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

Breathitt County Property Tax Rates

The following table presents the property tax rates in Breathitt County, listed in US dollars per 100$ of assessed value:

Note that these rates are subject to change, and property owners in Breathitt County should consult with a tax professional for personalized advice.

Who sets property tax rates in Breathitt County ?

Who sets property tax rates in Breathitt County?

The property tax rates in Breathitt County are set by a combination of entities:

When are the property tax rates set?

The property tax rates are typically set annually, with the fiscal court and board of education conducting public hearings to gather input from taxpayers. Once the tax rates are set, property owners in Breathitt County receive their bills in the fall and have until January 31st of the following year to pay without penalty.

Homestead exemptions in Breathitt County ?

To help Breathitt County residents navigate the complex world of Homestead exemptions and deductions, we've compiled a comprehensive table that includes all county-specific information. Here are the table columns you can expect to see:

Now, let's delve into some of the exemptions and deductions available in Breathitt County:

• Homestead exemption: This exemption is available to residents who use their homes as their primary residence. To qualify, residents must own and occupy their home by January 1st of the tax year. The amount of the exemption is $36,900.

• Disability exemption: Homeowners who are disabled or blind may be eligible for a $36,900 exemption. To qualify, residents must provide proof of their disability or blindness.

• Elderly or disabled veteran exemption: Veterans who are either disabled or over the age of 65 may be eligible for an additional $3,000 exemption. To qualify, veterans must provide proof of their service and disability status.

• Exemption for surviving spouse of a first responder: If the homeowner's spouse was a first responder who died in the line of duty, the surviving spouse may be eligible for a property tax exemption. The exemption amount is equal to the assessed value of the property.

• Property tax freeze: Under certain conditions, homeowners over the age of 65 or who are disabled may be eligible for a property tax freeze, which prevents their property tax from increasing over time.

It's important to note that these exemptions and deductions may have different eligibility requirements, amounts, and application processes. Homeowners should consult with their local tax authority or an experienced tax professional to determine which exemptions and deductions they may qualify for.

When is Breathitt County Property Tax due ?

Breathitt County Property Tax is typically due on October 31st each year.

There are several methods available for paying property taxes:

1. In person: Payment can be made in person at the Breathitt County Courthouse, located at 1127 Main Street in Jackson, Kentucky.

2. By mail: Payment can be sent by mail to the Breathitt County Sheriff's Office, P.O. Box 609, Jackson, KY 41339.

3. Online: Payment can be made online through the Breathitt County Sheriff's website using a credit or debit card.

It is important to note that a 2.5% convenience fee is added to all credit and debit card payments made online.

Late payments are subject to penalties and interest, so it is important to make sure that property taxes are paid on time. If you have any questions regarding property tax payments in Breathitt County, you can contact the Breathitt County Sheriff's Office at (606) 666-3800.

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

How is Breathitt County Property Tax penalty calculated ?

Breathitt County Property Tax Penalty Calculation:

When a property owner fails to pay their property tax by the due date, a penalty fee is levied on the outstanding amount. The penalty calculation is as follows:

• A late payment penalty of 5% is applied to the unpaid taxes on the day after the due date.
• An additional 1% penalty is added to the unpaid taxes each month until the taxes are paid in full.
• The maximum penalty cannot exceed 20% of the unpaid taxes.

Example:

Let's say that John owns a property in Breathitt County and his property tax bill for the year is $3,000. The due date for payment is January 31st, but John fails to pay on time. On February 1st, a late payment penalty of 5% ($150) is added to his outstanding taxes, making the total amount owed $3,150.

Assuming John still does not pay his taxes by March 1st, an additional 1% penalty fee ($31.50) would be added to his outstanding taxes, making the total amount owed $3,181.50. This process continues each month until the taxes are paid in full or until the maximum penalty of 20% is reached.

In conclusion, property owners in Breathitt County should make sure to pay their property taxes on time to avoid penalty fees.

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

Breathitt County tax offices:

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