Example of Brown County Property Tax Calculation
Brown County Property Tax calculation is determined by the county assessor's office. The assessor assesses the value of the property based on its market value, which is determined by analyzing comparable properties in the area. Once the value is established, the assessor applies the county's tax rate to determine the amount of property tax owed.
For example, if a property in Brown County has a market value of $100,000 and the county's tax rate is 1.5%, the property tax owed would be $1,500 annually. This tax rate can vary depending on the specific taxing districts in which the property is located, such as school districts or municipal districts.
It is important to note that property taxes are used to fund local government services such as schools, roads, and public safety. Payment of property tax is an important responsibility of property ownership in the United States.
If you want appeal your property tax assessment - contact your local tax assessor.
Brown County Property Tax Rates
Here is the formatted table of Brown County Property Tax rates:
Tax | Rate per $100 of Assessed Value |
---|---|
County General | $0.558 |
County Library | $0.129 |
County Parks | $0.011 |
County Fair | $0.012 |
Technical College | $0.252 |
Local School | $2.830 |
Municipality | $0.877 |
It is important to note that these rates are subject to change and may vary depending on the specific location within Brown County.
Who sets property tax rates in Brown County ?
Who Sets Property Tax Rates in Brown County?
The property tax rates in Brown County are set by the County Board of Supervisors. They are a group of elected officials responsible for making decisions that affect the county and its residents. The Board of Supervisors meets regularly to discuss and vote on County policies, budgets, and taxes, including property taxes.
When Are Property Tax Rates Set in Brown County?
The County Board of Supervisors typically sets property tax rates annually, during the budgeting process. The budgeting process typically starts in the fall and lasts through early winter. During this time, the Board of Supervisors reviews the county's finances and decides how much money is needed to maintain county services, such as law enforcement, road maintenance, and education.
Once the budget is complete, the Board of Supervisors sets the property tax rates to fund the budget. Property owners within the county will receive a tax bill based on the assessed value of their property and the tax rate set by the Board of Supervisors.
In summary, the County Board of Supervisors sets property tax rates annually in Brown County during the budgeting process.
Homestead exemptions in Brown County ?
To help homeowners in Brown County, Illinois understand their county-specific Homestead exemptions and deductions, a table has been created with columns for exemption, eligibility, amount, and notes.
Exemption | Eligibility | Amount | Notes |
---|---|---|---|
General Homestead Exemption | Primary residence | Up to $6,000 | Must file an application with the county assessor by the first Monday in June |
Additional General Homestead Exemption | Senior citizens, veterans with a disability, and disabled persons | Up to $5,000 | Must file an application with the county assessor by the first Monday in June |
Senior Citizen Homestead Exemption | Owner must be 65 years or older and property must be owner-occupied | Up to $5,000 | Must file an application with the county assessor by the first Monday in June |
Homestead Improvement Exemption | Owner must make improvements to property that increase its value by at least 25% | Up to $25,000 | Must file an application with the county assessor before work begins |
Disabled Veterans Standard Homestead Exemption | Honorably discharged veteran with a disability | Up to $2,500 | Must file an application with the county assessor |
Disabled Veterans Homestead Exemption | Honorably discharged veteran with a service-related disability | Exemption on entire property value | Must file an application with the county assessor |
It's important to note that homeowners must meet the eligibility requirements for each exemption and must file the appropriate application by the designated deadline. By taking advantage of these county-specific exemptions and deductions, homeowners in Brown County can reduce their property taxes and save money.
When is Brown County Property Tax due ?
Brown County Property Tax is typically due on January 31st of each year. In some cases, taxpayers may be eligible for an extension until July 31st, but this is only granted under certain circumstances.
Payment methods for Brown County Property Tax include:
- Online payments through the Brown County Treasurer's website. Taxpayers can pay with a credit or debit card, or by e-check. There is a convenience fee for these types of payments.
- In-person payments at the Brown County Treasurer's office. Payments can be made with cash, check, or money order.
- Mailed payments to the Brown County Treasurer's office. Taxpayers can send a check or money order through the mail, but it must be postmarked by the due date to avoid penalties.
It's important to note that if a taxpayer fails to pay their property taxes on time, they may face penalties and interest charges. These fees can add up quickly, so it's best to pay on time and avoid any unnecessary expenses.
If you have more questions - contact your local tax collector.
How is Brown County Property Tax penalty calculated ?
Brown County Property Tax Penalty Calculation
Brown County calculates property tax penalties based on a percentage of the unpaid taxes. The penalty is assessed on the first day of each month, beginning in February, until the taxes are paid in full. Here is an example:
Suppose a property owner owes $2,000 in property taxes for the year 2021. If this amount is not paid by January 31, 2022, then a penalty will be assessed on February 1st. The penalty rate for Brown County is 1% per month, which means that for each month the taxes remain unpaid, an additional 1% of the unpaid taxes will be added to the balance.
In this example, the penalty for February would be $20 (1% of $2,000). If the taxes are still unpaid by March 1st, another 1% penalty will be added to the balance, which would be $40 (1% of $2,000 + $20). This process will continue each month until the taxes are paid in full or until the penalty reaches its maximum of 12%.
Here is a table summarizing the penalty calculation for this example:
Month | Unpaid Taxes | Penalty Rate | Penalty Amount | Total Balance |
---|---|---|---|---|
Jan | $2,000 | n/a | n/a | $2,000 |
Feb | $2,000 | 1% | $20 | $2,020 |
Mar | $2,000 | 2% | $40 | $2,060 |
Apr | $2,000 | 3% | $60 | $2,120 |
May | $2,000 | 4% | $80 | $2,200 |
Jun | $2,000 | 5% | $100 | $2,300 |
Jul | $2,000 | 6% | $120 | $2,420 |
Aug | $2,000 | 7% | $140 | $2,560 |
Sep | $2,000 | 8% | $160 | $2,720 |
Oct | $2,000 | 9% | $180 | $2,900 |
Nov | $2,000 | 10% | $200 | $3,100 |
Dec | $2,000 | 11% | $220 | $3,320 |
It is important to note that property owners may also be subject to interest charges in addition to the penalties for unpaid taxes. Interest is calculated at a rate of 1% per month and is also added to the unpaid balance until the taxes are paid in full.
In summary, Brown County calculates property tax penalties as a percentage of unpaid taxes, with a maximum penalty of 12%. Property owners should make every effort to pay their property taxes on time to avoid penalties and interest charges.
We recommend contacting the Brown County Tax Office or a local tax professional for the most up-to-date and accurate information.