Example of Cameron County Property Tax Calculation
Cameron County Property Tax is calculated based on the value of the property owned by an individual within the county. To calculate the tax, the county assesses the value of the property and multiplies it by the tax rate.
For example, let's say that John owns a property in Cameron County with a value of $100,000. The county tax rate is 0.5%, which means that John's property tax would be calculated as follows:
$100,000 (property value) x 0.005 (tax rate) = $500 (property tax)
Therefore, John would owe $500 in property taxes for his property in Cameron County. It is important to note that property tax rates and values may vary depending on the location and other factors within the county.
If you want appeal your property tax assessment - contact your local tax assessor.
Cameron County Property Tax Rates
Below is a table listing the Cameron County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.5429 |
| School District | $1.2335 |
| City (Brownsville) | $0.8216 |
| City (Harlingen) | $0.6867 |
| City (San Benito) | $0.7313 |
Please note that these rates are subject to change and that property tax rates may vary depending on the specific location within Cameron County.
Who sets property tax rates in Cameron County ?
Property tax rates in Cameron County, USA are set by the County Commissioners' Court. This group is made up of the county judge and four commissioners, who are all elected officials. They set the tax rates during their annual budget meetings, which typically take place in late summer or early fall. The rates are based on the county's needs and expenses, including things like salaries for county employees, road maintenance, and public services. Once the rates are set, property owners in Cameron County will receive their tax bills in the mail, which will include the amount they owe based on the assessed value of their property. It is important for property owners to pay their taxes on time to avoid penalties and interest charges.
Homestead exemptions in Cameron County ?
To better understand the Homestead exemptions and deductions available in Cameron County, Texas, a table can be created with the following columns:
| Column | Description |
|---|---|
| Exemption | The type of exemption available in Cameron County for Homestead properties. |
| Eligibility | The requirements needed to qualify for the specific exemption. |
| Amount | The monetary value of the exemption or deduction that the property owner may receive. |
| Notes | Any additional information that is important to note regarding the exemption or deduction. |
Below is a list of the Homestead exemptions and deductions available in Cameron County and their corresponding details:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Residence Homestead Exemption | The property must be owner-occupied on January 1st of the tax year. | Up to $25,000 in school district taxes and $3,000 in county taxes. | The exemption can only be claimed on one homestead property. |
| Age 65 or Older or Disabled Exemption | The property owner must be 65 years of age or older or disabled as of January 1st of the tax year. | Up to $10,000 in school district taxes and $3,000 in county taxes. | Must provide proof of age or disability. |
| Disabled Veterans Exemption | The property owner must have a service-related disability of at least 10% or more. | Up to $12,000 in school district taxes and $3,000 in county taxes. | Must provide proof of service-related disability. |
| Surviving Spouse of a Disabled Veteran | The surviving spouse of a veteran who qualified for the Disabled Veterans Exemption may receive the exemption. | Same as Disabled Veterans Exemption above. | Must provide proof of surviving spouse status and proof of qualification for the exemption. |
It is important to note that there may be additional exemptions or deductions available in Cameron County for Homestead properties, and it is recommended that property owners consult with their local tax authority for full details and eligibility requirements.
When is Cameron County Property Tax due ?
Cameron County Property Tax is typically due on January 31st of each year. Property owners are required to pay their property taxes on or before this date to avoid penalties and interest charges.
There are several payment methods available to property owners in Cameron County:
| Payment Method | Details |
|---|---|
| Online Payment | Property owners can make their payment online through the Cameron County Tax Office website. Credit and debit card payments are accepted, but a convenience fee will apply. |
| Mail-in Payment | Property owners can mail in their payment to the Cameron County Tax Office along with their payment stub. Payments must be postmarked by the due date to avoid penalties and interest charges. |
| In-person Payment | Property owners can make their payment in-person at the Cameron County Tax Office during regular business hours. Cash, check, and money order payments are accepted. |
It's important for property owners to note that if they fail to pay their property taxes by the due date, they will be subject to penalties and interest charges. These charges can add up quickly, so it's best to make payment on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Cameron County Property Tax penalty calculated ?
Cameron County property taxes are assessed annually on January 1st of each year, and the due date for payment is typically January 31st. Any payments made after that date will accrue penalties and interest.
The penalty for late payment of Cameron County property taxes is calculated based on the amount of taxes owed and the number of days late the payment is. The penalty rate is 6% per year, which is divided by 365 days to get a daily penalty rate of 0.0164%.
Here's an example:
Let's say that John owns a property in Cameron County and his property tax bill for the year is $2,000. He fails to make the payment by the due date of January 31st and instead pays on February 15th, which is 15 days late.
To calculate the penalty, first, find the daily penalty rate by dividing the annual penalty rate (6%) by 365 days.
0.06 รท 365 = 0.000164
Then, multiply the daily penalty rate by the amount of taxes owed and the number of days late the payment is.
0.000164 x $2,000 x 15 = $4.92
Therefore, John will owe an additional $4.92 in penalties for paying his property taxes 15 days late.
It's important to note that in addition to the penalty, interest will also accrue on any unpaid balance at a rate of 1% per month until the taxes are paid in full.
We recommend contacting the Cameron County Tax Office or a local tax professional for the most up-to-date and accurate information.