Example of Calvert County Property Tax Calculation
In Calvert County, the property tax calculation is based on the assessed value of the property. The assessment is conducted by the County's Office of Assessment and Taxation, which determines the value of the property by analyzing its market value, location, and other relevant factors.
Once the assessed value is determined, the County applies a tax rate to calculate the amount of property tax owed. For example, if the assessed value of a property is $200,000 and the tax rate is 1%, the property owner would owe $2,000 in property taxes for the year.
It is important to note that some properties may be eligible for exemptions or credits, which can reduce the amount of property tax owed. Common examples include exemptions for senior citizens or disabled individuals and credits for energy-efficient home improvements.
Overall, the property tax calculation in Calvert County is a straightforward process that is based on the assessed value of the property and the applicable tax rate. Property owners can contact the County's Office of Assessment and Taxation for more information or to request an assessment review if they believe that their property has been overvalued.
If you want appeal your property tax assessment - contact your local tax assessor.
Calvert County Property Tax Rates
The following table shows the Calvert County Property Tax rates for the year 2021. These rates are expressed in dollars per $100 of assessed value and are subject to change based on local tax laws and regulations.
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Property Tax | $0.893 |
| Municipal Property Tax (Chesapeake Beach) | $0.35 |
| Municipal Property Tax (North Beach) | $0.35 |
| Municipal Property Tax (Owings) | $0.06 |
| Municipal Property Tax (Prince Frederick) | $0.20 |
| Municipal Property Tax (St. Leonard) | $0.20 |
Please note that these rates are specific to Calvert County and may vary from other counties or states. It is recommended that you consult with a local tax advisor or government agency for specific tax information related to your property.
Who sets property tax rates in Calvert County ?
Who sets property tax rates in Calvert County?
The Calvert County Board of County Commissioners sets the property tax rates in Calvert County. The board typically meets in May and June to discuss and approve the annual budget, which includes property tax rates.
When are property tax rates set in Calvert County?
The property tax rates for the upcoming fiscal year are typically set in June by the Calvert County Board of County Commissioners. Property owners are notified of their new assessed values and tax rates in July, and property taxes are due in two installments, with the first installment due on September 30th and the second installment due on December 31st.
How are property tax rates determined in Calvert County?
Property tax rates in Calvert County are based on the assessed value of the property, which is determined by the Calvert County Assessment Office. The tax rate is then set by the Calvert County Board of County Commissioners based on the county's budgetary needs for the upcoming fiscal year. The tax rate is expressed in terms of dollars per $100 of assessed value.
| Fiscal Year | Tax Rate |
|---|---|
| 2021 | $0.8932 |
| 2020 | $0.8921 |
| 2019 | $0.8910 |
| 2018 | $0.8932 |
It's important to note that property tax rates can vary depending on the location of the property and any special tax districts that may apply. Property owners should consult with the Calvert County Assessment Office or a tax professional to determine the exact property tax rates that apply to their specific property.
Homestead exemptions in Calvert County ?
To help Calvert County residents understand the property tax exemptions and deductions that may be available to them, the following table outlines the various options available:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead | Owner-occupied principal residence | Up to $300,000 assessed value | Must apply by September 1st |
| Senior Citizen | Owner-occupied principal residence, age 65+ | Up to $50,000 assessed value | Must apply by September 1st |
| Disabled | Owner-occupied principal residence, total disability | Up to $50,000 assessed value | Must apply by September 1st |
| Military Veteran | Owner-occupied principal residence, veteran with certain service qualifications | Up to $10,000 assessed value | Must apply by September 1st |
| Blind | Owner-occupied principal residence, legally blind | Up to $15,000 assessed value | Must apply by September 1st |
| Conservation | Property used for bona fide agricultural, horticultural, or forestry purposes | Up to 100% of assessed value | Must apply by September 1st |
| Historic | Property designated as a historic site | Up to 10% reduction on property tax | Automatic if property designated |
It's important to note that some of these exemptions and deductions may not be available in all counties or jurisdictions, so it's always best to check with your local tax office for specifics. Additionally, it's important to apply for these exemptions by the deadline, as late applications may not be accepted. By taking advantage of available exemptions and deductions, Calvert County residents can potentially save money on their property taxes.
When is Calvert County Property Tax due ?
Calvert County Property Tax is typically due on September 30th of each year. The county provides several convenient payment methods for residents to make their payments on time. Here are some options:
| Payment Methods | Description |
|---|---|
| Online Payment | This is the most popular and easiest way to pay your taxes. You can quickly make your payment online using your credit or debit card or e-check. |
| In-Person Payment | Residents can also make their payments in-person at the Calvert County Treasurer's office, located at 175 Main St., Prince Frederick, MD 20678. |
| Mail Payment | You can also mail a check or money order to the county treasurer's office. The address is Calvert County Treasurer, P.O. Box 745, Prince Frederick, MD 20678. |
| Installment Payment Plan | The county also offers an installment payment plan for residents who want to pay in smaller amounts throughout the year. |
It's important to note that if you don't pay your property taxes by the due date, you may be subject to penalties and interest charges. Therefore, it's recommended to make your payment on time using one of the convenient payment methods provided by the county.
If you have more questions - contact your local tax collector.
How is Calvert County Property Tax penalty calculated ?
Calvert County Property Tax Penalty Calculation
When a property owner misses the deadline for paying their property taxes in Calvert County, they will incur a penalty. The penalty is calculated based on the amount of taxes owed and the number of days late the payment is made.
Here is an example of how the penalty is calculated:
- Property owner owes $1,000 in property taxes.
- Payment is due by September 30th.
- Property owner fails to pay until October 15th, 15 days late.
- Late payment penalty is 1% per month or fraction thereof.
- Penalty calculation = $1,000 x 1% x 0.5 (half of one month) = $10.
- Total amount owed with penalty = $1,010.
Here is a table summarizing the penalty calculation:
| Property Tax Owed | Penalty Rate | Number of Days Late | Penalty Amount |
|---|---|---|---|
| $1,000 | 1% per month or fraction thereof | 15 days | $10 |
It is important for property owners in Calvert County to pay their property taxes on time to avoid incurring penalties. If a property owner is unable to pay on time, they should contact the Calvert County Treasurer's Office to discuss payment options and potential penalties.
We recommend contacting the Calvert County Tax Office or a local tax professional for the most up-to-date and accurate information.