Example of Callaway County Property Tax Calculation
In Callaway County, property tax is calculated on the assessed value of a property. For example, if a property is assessed at $100,000 and the tax rate is 2%, the property owner would owe $2,000 in property taxes for the year.
Assessment values are determined by the county assessor based on factors such as property size, location, and condition. The tax rate is set by the county government and can vary year to year.
To calculate the property tax owed, the assessed value is multiplied by the tax rate. Property owners will receive a bill in the mail, typically due in two installments, for their annual property tax payment.
It's important for property owners to pay their taxes on time to avoid penalties and interest charges. Callaway County offers multiple payment options, including online payments and automatic withdrawal.
If you want appeal your property tax assessment - contact your local tax assessor.
Callaway County Property Tax Rates
Here is a formatted table of the Callaway County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Revenue | $0.469 |
| County Road and Bridge | $0.238 |
| County Law Enforcement | $0.219 |
| County Ambulance | $0.140 |
| Fulton City General Revenue | $0.953 |
| Fulton City Special Road | $0.130 |
| Auxvasse City General Revenue | $0.758 |
| Holts Summit City General Revenue | $0.816 |
| Kingdom City City General Revenue | $0.616 |
| Mokane City General Revenue | $1.038 |
| New Bloomfield City General Revenue | $0.603 |
| Portland City General Revenue | $0.511 |
| Williamsburg City General Revenue | $0.820 |
These rates are as of the most recent tax year and are subject to change. It is important to consult with a tax professional for personalized advice on property taxes.
Who sets property tax rates in Callaway County ?
In Callaway County, property tax rates are set by the County Commission. The rates are typically set annually and are based on the assessed value of the property.
Here is a breakdown of the process:
| Who sets the property tax rates? | The County Commission |
|---|---|
| How often are the rates set? | Annually |
| What is the basis for the rates? | Assessed value of the property |
It's important to note that property tax rates can vary depending on the location and type of property. Additionally, property owners may be eligible for certain exemptions or credits that can lower their overall tax liability.
As a tax advisor, it's important to stay up-to-date with the latest developments in property tax law and regulations in order to provide the best possible guidance to clients.
Homestead exemptions in Callaway County ?
In Callaway County, Missouri, there are several Homestead exemptions and deductions available for eligible homeowners. To help you navigate these options, we have compiled a list of all county-specific exemptions and deductions, along with important details on each one. Below is a table that outlines the four columns that you'll find useful when considering these exemptions and deductions:
| Column | Description |
|---|---|
| Exemption | The name of the exemption or deduction |
| Eligibility | The requirements that must be met in order to qualify for the exemption or deduction |
| Amount | The monetary value of the exemption or deduction |
| Notes | Any additional information that may be relevant to the exemption or deduction |
Here are the Homestead exemptions and deductions available in Callaway County, Missouri:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Homeowners | Up to $5,000 | Must be the primary residence of the homeowner |
| Senior Citizens and Disabled Persons Exemption | Homeowners over age 65 and those with disabilities | Up to $1,000 | Must be the primary residence of the homeowner and meet certain income requirements |
| Veterans' Exemption | Veterans or their surviving spouses | Up to $3,000 | Must have been an eligible veteran or surviving spouse |
| Personal Property Tax Credit | Homeowners | Up to $750 | Must have paid personal property taxes on the home |
| Agricultural Land Tax Credit | Farmers | Up to $1,200 | Must be actively engaged in farming |
| Delinquent Tax Payment Agreement | Homeowners with delinquent property taxes | Payment plan set by the County | Allows homeowners to pay delinquent taxes over time |
It's important to note that these exemptions and deductions may change over time and may be subject to certain restrictions and requirements. It's best to contact the Callaway County Assessor's Office for the most up-to-date information on eligibility and requirements for each exemption and deduction.
When is Callaway County Property Tax due ?
Callaway County Property Tax is typically due on December 31st of each year. However, the exact due date may vary depending on weekends and holidays. It is important to not miss the deadline as there may be penalties and interest charges added to the unpaid balance.
Payment methods for Callaway County Property Tax include:
- Online payments: Residents can conveniently pay their property taxes online using a credit card, debit card or electronic check through the Callaway County Collector's website.
- In-person payments: Residents can visit the Callaway County Collector's office during business hours to make payments in-person. The office is located at 10 E. 5th Street, Room 104, Fulton, MO 65251.
- Mail payments: Residents can also mail their property tax payments to the Callaway County Collector's office at the following address: Callaway County Collector, P.O. Box 406, Fulton, MO 65251.
It is recommended to make payments well in advance of the deadline to ensure timely processing and avoid any potential issues.
If you have more questions - contact your local tax collector.
How is Callaway County Property Tax penalty calculated ?
Callaway County Property Tax Penalty Calculation
In Callaway County, Missouri, property owners are required to pay property taxes on an annual basis. The payment includes not only the tax amount but also any applicable penalties for late payments. The penalty for late payment is calculated as follows:
- On the first day after the due date, a penalty of 2% is applied to the unpaid tax amount.
- On the first day of each month following the due date, an additional penalty of 0.5% is applied to the unpaid tax amount.
Here is an example to help you understand the calculation better:
Suppose the property tax for a certain property in Callaway County was due on December 31, 2020, and the total tax amount due was $1,000. However, the property owner failed to make the payment on time and paid on March 15, 2021, instead.
- The first penalty of 2% will be applied on January 1, 2021, which will be $20 (2% of $1,000).
- The second penalty of 0.5% will be applied on February 1, 2021, which will be $10 (0.5% of $1,000).
- The third penalty of 0.5% will be applied on March 1, 2021, which will be another $10 (0.5% of $1,000).
In total, the property owner will have to pay $1,040, which includes the original tax amount of $1,000 plus the three penalties.
It is important to note that the penalty is not capped, which means that it will continue to accumulate until the tax is paid in full. Therefore, it is crucial to pay property taxes on time to avoid unnecessary expenses.
| Penalty Calculation | Amount |
|---|---|
| First day after due date | 2% of unpaid tax amount |
| First day of each month following due date | 0.5% of unpaid tax amount |
| Example | Original tax amount: $1,000 Payment made on March 15, 2021 First penalty: $20 Second penalty: $10 Third penalty: $10 Total: $1,040 |
We recommend contacting the Callaway County Tax Office or a local tax professional for the most up-to-date and accurate information.