Example of Bulloch County Property Tax Calculation
Bulloch County property tax calculation is based on a few factors. First, the property's assessed value is determined by the county tax assessor's office. Then, the county multiplies the assessed value by the current tax rate, which is set by the county government.
For example, let's say a 10-year old child owns a property that is assessed at $100,000. If the current tax rate is 1%, they would owe $1,000 in property taxes for the year.
To calculate the property tax, you simply multiply the assessed value of the property by the tax rate. In this case, $100,000 x 0.01 = $1,000.
It is important to note that property taxes in Bulloch County can vary based on location, property type, and other factors. Therefore, it is recommended to check with the county tax assessor's office for more accurate calculations.
If you want appeal your property tax assessment - contact your local tax assessor.
Bulloch County Property Tax Rates
The Bulloch County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $10.00 |
| City of Statesboro | $8.00 |
| School | $15.00 |
| State | $2.50 |
| Total | $35.50 |
It is important to note that these rates may vary based on the specific location and assessed value of the property. It is recommended to consult with a knowledgeable tax professional for personalized advice.
Who sets property tax rates in Bulloch County ?
Who sets property tax rates in Bulloch County?
The Bulloch County Board of Commissioners sets the property tax rates in Bulloch County, Georgia.
When are property tax rates set in Bulloch County?
The property tax rates in Bulloch County are set annually. The Board of Commissioners typically holds public hearings and adopts the tax rates in late summer or early fall. The tax rates go into effect on January 1st of the following year.
How are property tax rates determined in Bulloch County?
The property tax rates in Bulloch County are determined based on the county's budget needs and property values. The county's budget needs are determined by the services and programs provided by the county, such as schools, public safety, and infrastructure. Property values are assessed by the Bulloch County Tax Assessor's Office and are used to determine the amount of revenue needed to meet the county's budget needs.
What is the current property tax rate in Bulloch County?
As of 2021, the current property tax rate in Bulloch County is 12.185 mills. One mill equals $1 for every $1,000 in assessed property value. Therefore, a property with an assessed value of $100,000 would have an annual property tax bill of $1,218.50.
Homestead exemptions in Bulloch County ?
In Bulloch County, Georgia, there are several county-specific Homestead exemptions and deductions that eligible residents can take advantage of. The following table outlines the available exemptions and deductions, along with their eligibility requirements, maximum amount and any additional notes:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Standard Homestead Exemption | Any homeowner who has legal or equitable title to the property and uses it as their primary residence | Up to $2,000 off the assessed value of their homestead property | |
| Senior Citizen Exemption | Homeowners who are 65 years or older and whose income does not exceed $10,000 in the previous year | Up to an additional $4,000 off the assessed value of their homestead property | |
| Disability Exemption | Homeowners who are totally and permanently disabled and whose income does not exceed $10,000 in the previous year | Up to an additional $4,000 off the assessed value of their homestead property | |
| Veterans Exemption | Veterans who were honorably discharged and whose income does not exceed $10,000 in the previous year | Up to an additional $4,000 off the assessed value of their homestead property | |
| Conservation Use Value Assessment | Property owners whose land is actively used for bona fide conservation purposes | Reduced assessment value based on current use of the property | Application required |
| Forest Land Protection Act (FLPA) | Property owners whose land contains at least 200 acres of forest and is used for commercial timber purposes | Reduced assessment value based on current use of the property | Application required |
| Freeport Exemption | Business owners whose inventory is stored in the state of Georgia for a period of time prior to being shipped out of state | Exempt from ad valorem taxation on the inventory | Application required |
It's important to note that some of these exemptions may require an application or additional documentation to be filed with the county tax assessor's office. Homeowners and business owners in Bulloch County should consult with their tax professional or the county tax assessor's office for more information on eligibility and application requirements.
When is Bulloch County Property Tax due ?
Bulloch County Property Tax is typically due on December 20th each year. Property owners in Bulloch County can pay their taxes using various payment methods including:
- Online Payment: Property owners can pay their taxes online at https://www.bullochcounty.net by using their credit or debit card. A convenience fee is charged for this payment method.
- In-Person Payment: Property owners can pay their taxes in-person at the Bulloch County Tax Commissioner's Office located at 115 North Main Street, Statesboro, GA 30458. Payment can be made using cash, check, money order or credit/debit card. A convenience fee is charged for credit/debit card payments.
- Mail Payment: Property owners can mail their payment to the Bulloch County Tax Commissioner's Office at P.O. Box 186, Statesboro, GA 30459. Payment can be made using a check or money order. The payment must be postmarked on or before the due date to avoid penalties.
It is important to note that if the due date falls on a weekend or holiday, the payment is due on the next business day. Failure to pay the property taxes on time can result in penalties and interest, and in extreme cases, the county can auction off the property to collect the unpaid taxes.
If you have more questions - contact your local tax collector.
How is Bulloch County Property Tax penalty calculated ?
Bulloch County Property Tax Penalty Calculation
When property taxes are not paid on time, a penalty will be added to the amount owed. The penalty is calculated using a formula that takes into account the number of months the payment is late and the amount owed.
The penalty for late property tax payments in Bulloch County is 1% per month, or part of a month, that the payment is late. This means that if a property owner is one day late in paying their property tax, they will be charged the full 1% penalty for that month.
To illustrate this, let's say a property owner in Bulloch County owes $3,000 in property taxes due on January 1st. If they do not pay until February 15th, they will be charged a penalty of 2% ($60) - one percent for the month of January and one percent for the partial month of February.
Late payments will also accrue interest at a rate of 1% per month until the taxes and penalties are paid in full.
Property owners in Bulloch County can avoid penalties by paying their property taxes on time, or by making arrangements for a payment plan through the tax commissioner’s office.
In summary, the penalty for late payment of property taxes in Bulloch County is 1% per month or part of a month that the payment is late, plus an additional 1% per month in interest. It is important for property owners to pay their taxes on time to avoid these penalties and fees.
| Penalty Calculation | Example |
|---|---|
| Penalty Rate | 1% per month |
| Amount Due | $3,000 |
| Due Date | January 1st |
| Payment Date | February 15th |
| Penalty Amount | $60 |
| Penalty Calculation | 1% for January + 1% for partial month of February |
| Interest Rate | 1% per month |
We recommend contacting the Bulloch County Tax Office or a local tax professional for the most up-to-date and accurate information.