Example of Bullock County Property Tax Calculation
In Bullock County, the property tax calculation is based on the assessed value of the property. For example, if a property is assessed at $100,000, and the tax rate is 2%, the property tax due would be calculated as follows:
$100,000 x 0.02 = $2,000
This means that the property owner would owe $2,000 in property taxes for the year. It's important to note that property tax rates can vary depending on the location and the type of property. Additionally, property owners may be eligible for exemptions or deductions that could lower their property tax bill.
If you want appeal your property tax assessment - contact your local tax assessor.
Bullock County Property Tax Rates
The Bullock County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | 0.255 |
| Education | 0.063 |
| Municipalities | 0.050 |
| Schools | 0.782 |
| Total | 1.150 |
Note that these rates are subject to change and individual property owners should refer to their specific tax assessments for accurate information.
Who sets property tax rates in Bullock County ?
Property tax rates in Bullock County are set by the County Board of Commissioners. This typically occurs during their annual budget process, which takes place in the late summer or early fall. The Board considers factors such as the county's financial needs, projected property values, and community input before approving the final tax rate. Property owners in Bullock County receive a tax bill every year, which reflects the assessed value of their property and the applicable tax rate.
When is Bullock County Property Tax due ?
According to the official website of the Bullock County Revenue Commissioner, property tax is typically due on October 1st of each year. Property owners have until December 31st to pay their property tax without incurring any penalties.
There are several payment methods available for property tax payments in Bullock County:
| Payment Method | Description |
|---|---|
| In-Person | Property owners can make payments in-person at the Bullock County Courthouse, located at 217 N Prairie St, Union Springs, AL 36089. |
| By Mail | Property owners can mail their payments to the Bullock County Revenue Commissioner's Office at P.O. Box 416, Union Springs, AL 36089. |
| Online | Property owners can make payments online through the official website of the Bullock County Revenue Commissioner. |
It is important to note that payments made by mail must be postmarked by December 31st to avoid penalties. Additionally, payments made online are subject to a convenience fee.
Overall, property owners in Bullock County have several options for making their property tax payments, and should ensure they make their payment before the December 31st deadline to avoid any penalties.
If you have more questions - contact your local tax collector.
How is Bullock County Property Tax penalty calculated ?
Bullock County Property Tax penalty is calculated as a percentage of the unpaid property taxes based on the number of days after the due date. The penalty starts at 1% of the total unpaid taxes and increases by an additional 1% for every month the payment is not made, up to a maximum of 10%. Here's an example to help clarify:
Let's say that John owns a property in Bullock County and owes $2,000 in property taxes for the year. The due date for payment is January 1st, but John fails to make the payment until March 1st.
Using the Bullock County Property Tax penalty calculation, here's how the penalty would be applied:
- 1% penalty for January (1 month late) = $20
- 2% penalty for February (2 months late) = $40
Total penalty: $60 (3% of $2,000)
Therefore, John would owe $2,060 for his property taxes ($2,000 + $60 penalty) for the year.
It's important to note that the penalty can increase up to 10% of the unpaid taxes, and interest may also be applied to the outstanding balance. It's essential to pay property taxes on time to avoid incurring these penalties and fees.
Homestead exemptions in Bullock County ?
Homestead Exemptions and Deductions in Bullock County, Alabama
Below is a table including all county-specific Homestead exemptions and deductions in Bullock County, Alabama:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Must be primary residence | Up to $5,000 | Applies to all property taxes |
| Senior Citizen Exemption | Must be 65 years or older | Up to $2,000 | Applies to all property taxes |
| Disability Exemption | Must have permanent disability | Up to $2,000 | Applies to all property taxes |
| Military Exemption | Must be active-duty military | Up to $5,000 | Applies to all property taxes |
| Educational Exemption | Must be enrolled in school | Up to $2,000 | Applies to all property taxes |
| Agricultural/Horticultural Exemption | Must be actively farming or producing crops | Up to $5,000 | Applies to certain property taxes only |
Notes:
- Additional documentation may be required to prove eligibility for certain exemptions.
- Exemptions are applied to the assessed value of the property, not the market value.
- Some exemptions are only applicable to certain property taxes, so it is important to check with the local tax assessor's office for more information.
Overall, these Homestead exemptions and deductions can save homeowners in Bullock County, Alabama a significant amount of money on their property taxes. It is important to take advantage of all eligible exemptions in order to reduce the tax burden on your primary residence.
We recommend contacting the Bullock County Tax Office or a local tax professional for the most up-to-date and accurate information.