Example of Cabell County Property Tax Calculation
Cabell County calculates property tax based on the assessed value of the property. The assessed value is determined by the county assessor's office and is updated periodically.
To calculate the property tax, the assessed value is multiplied by the tax rate, which is set annually by the county commission. For example, if the assessed value of a property is $100,000 and the tax rate is 1%, the property tax would be $1,000 (100,000 x 0.01).
It's important to note that certain exemptions and deductions may apply, such as a homestead exemption for primary residences. Property owners can contact the county assessor's office for more information on these options.
Overall, property tax is an important source of revenue for local governments, helping to fund public services such as schools, roads, and emergency services.
If you want appeal your property tax assessment - contact your local tax assessor.
Cabell County Property Tax Rates
The Cabell County Property Tax rates for the year 2021 are listed below in a formatted table, showcasing the tax and the respective rate per $100 of assessed property value.
| Tax | Rate per $100 of assessed value |
|---|---|
| General County Tax | $0.5475 |
| County Schools Tax | $1.361 |
| Municipal Tax (Huntington) | $1.42 |
| Fire Service Fee (Huntington) | $0.07 |
It is important to note that these rates may vary based on specific location and individual property assessments. It is recommended to consult with a tax professional for accurate and personalized advice regarding property tax rates.
Who sets property tax rates in Cabell County ?
In Cabell County, West Virginia, the property tax rates are set by the County Commission. This is done annually during their budget-making process. The County Commission determines the total amount of revenue that needs to be raised from property taxes and then sets the tax rate accordingly. The property tax rate is expressed as a percentage of the assessed property value.
The County Commission sets two types of property tax rates: the levy rate and the excess levy rate. The levy rate is used to fund general government expenses, such as schools, public safety, and road maintenance. The excess levy rate is used to fund additional government services, such as libraries, parks, and recreation centers.
It's important to note that property tax rates can vary depending on the area of the county in which the property is located. This is because different municipalities within Cabell County may have their own additional levies that are added to the County Commission's property tax rates.
Overall, it's essential for property owners in Cabell County to stay informed about changes to property tax rates, as they can have a significant impact on their annual tax bill.
When is Cabell County Property Tax due ?
Cabell County Property Tax is typically due on October 1st every year. Property owners are given a grace period of up to 60 days to pay their taxes without incurring any late fees or penalties. This means that the latest due date for property taxes is December 31st.
There are several ways to pay Cabell County Property Taxes. Property owners can pay in person at the Cabell County Courthouse, through the mail using a personal check or money order, or online using a debit or credit card. Additionally, there is a drop box located outside the Courthouse for after-hours payments.
Here is a summary of the payment methods:
| Payment Method | Description |
|---|---|
| In-Person | Property owners can pay in person at the Cabell County Courthouse |
| Property owners can mail their payment to the Cabell County Sheriff's Office using a personal check or money order | |
| Online | Property owners can pay online using a debit or credit card |
| Drop Box | There is a drop box located outside the Courthouse for after-hours payments |
Overall, Cabell County Property Tax must be paid by December 31st to avoid any late fees or penalties. Property owners can choose from several payment methods including in-person, mail, online, and drop box.
If you have more questions - contact your local tax collector.
Homestead exemptions in Cabell County ?
The following table lists all county-specific Homestead exemptions and deductions in Cabell County, West Virginia:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Primary residence of any person over the age of 65 or disabled | Up to $20,000 in assessed value | Must file an application with County Assessor by September 1st of each year. Exemption is available for up to 10 acres of land that is owned and occupied as a primary residence. |
| Veterans Exemption | Veteran or surviving spouse of a veteran with 100% disability | Up to $10,000 in assessed value | Must provide documentation of disability to County Assessor. Must be a resident of West Virginia for at least one year prior to applying. |
| Personal Property | Personal property used in farming, mining, or timber operation | Exempt | Must file an application with County Assessor by September 1st of each year. |
| Floodplain Exemption | Property located in a designated floodplain area | Up to $10,000 in assessed value | Must file an application with County Assessor by September 1st of each year. |
| Homestead Credit | Primary residence of any person over the age of 65 or disabled | Up to $400 | Must file an application with the West Virginia State Tax Department by July 1st of each year. Credit is available to those with household income less than $41,000. |
| Circuit Breaker | Primary residence of any person over the age of 65 or disabled | Tax relief on a sliding scale | Must file an application with the West Virginia State Tax Department by July 1st of each year. Tax relief is available to those with household income less than $20,000. Maximum amount of relief is $1,000. |
It is important to note that eligibility requirements and amounts may vary depending on individual circumstances. It is recommended to consult with the County Assessor or the West Virginia State Tax Department for more information.
How is Cabell County Property Tax penalty calculated ?
Cabell County Property Tax Penalty Calculation
Cabell County assesses property tax on real estate, personal property, and tangible personal property. The tax is due in two installments, the first on September 1 and the second on March 1. If the taxpayer fails to pay the tax on time, a penalty and interest will be added to the amount owed.
The penalty is calculated as a percentage of the unpaid tax amount. For the first month, the penalty is 2%, for the second month, it increases to 5%, and for each additional month, an additional 1% is added to the penalty. The maximum penalty is 25%.
For example, if a taxpayer owes $1,000 in property tax and fails to pay by September 1st, the penalty for the first month will be 2% of $1,000, or $20. If the taxpayer still does not pay by October 1st, the penalty will increase to 5%, or $50, for a total of $1,070 owed.
The following table shows the penalty calculation for a property tax bill of $1,000 if the taxpayer fails to pay on time:
| Month | Penalty Rate | Penalty Amount | Total Amount Owed |
|---|---|---|---|
| Sept 1 | 2% | $20 | $1,020 |
| Oct 1 | 5% | $50 | $1,070 |
| Nov 1 | 6% | $60 | $1,130 |
| Dec 1 | 7% | $70 | $1,200 |
| Jan 1 | 8% | $80 | $1,280 |
| Feb 1 | 9% | $90 | $1,370 |
| Mar 1 | 10% | $100 | $1,470 |
It is important for taxpayers to pay their property tax on time to avoid penalties and interest charges. If a taxpayer is unable to pay on time, they should contact the Cabell County Assessor's Office to discuss payment options or request an extension.
We recommend contacting the Cabell County Tax Office or a local tax professional for the most up-to-date and accurate information.