Example of Cape Girardeau County Property Tax Calculation
Cape Girardeau County property taxes are calculated by taking the assessed value of a property and multiplying it by the current tax rate. For example, if a property is assessed at $100,000 and the tax rate is 1%, the property tax would be $1,000.
The assessed value of a property is determined by the county assessor's office based on the market value of the property and any improvements made to it. The tax rate is set by the county government to fund various public services such as schools, law enforcement, and infrastructure maintenance.
Property owners in Cape Girardeau County have the option to appeal their property assessment if they feel it is too high, which may result in a lower property tax liability. Additionally, some homeowners may qualify for property tax exemptions or discounts based on factors such as age, disability, or military service.
Overall, understanding how Cape Girardeau County property taxes are calculated is important for property owners to effectively manage their finances and plan for future expenses.
If you want appeal your property tax assessment - contact your local tax assessor.
Cape Girardeau County Property Tax Rates
Here is a formatted table listing the current property tax rates for Cape Girardeau County in Missouri:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.8350 |
| Road and Bridge Fund | $0.4100 |
| County Library | $0.1500 |
| Senior Citizens' Services Fund | $0.0250 |
| Ambulance District | $0.2500 |
| Fire Protection District | $0.1000 |
| Cape Girardeau Public Library | $0.2750 |
| City of Cape Girardeau General Fund | $0.3569 |
| City of Jackson General Fund | $0.7206 |
It is important to note that these rates can vary depending on the location and classification of the property. If you have any questions or concerns about your property taxes, it is recommended to consult with a tax professional.
Who sets property tax rates in Cape Girardeau County ?
In Cape Girardeau County, property tax rates are set by the county government. The County Commission is responsible for setting the rates annually. They typically assess the total value of all taxable property in the county and then determine the rate needed to generate the revenue required to fund the county government, schools, and other public services.
Here are some key points to keep in mind:
- The county government sets property tax rates in Cape Girardeau County.
- The County Commission is responsible for setting rates annually.
- Rates are based on the total value of all taxable property in the county.
- Rates are designed to generate the revenue needed to fund public services.
- Property owners in Cape Girardeau County can expect to pay property taxes each year based on the assessed value of their property.
Homestead exemptions in Cape Girardeau County ?
In Cape Girardeau County, Missouri, there are several Homestead exemptions and deductions available to eligible homeowners. Here is a table that outlines the different options:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Must be the owner and occupant of the property | $5,000 assessed value reduction | Applies to primary residence only |
| Senior Citizens' Homestead Exemption | Must be 65 years old or older, and owner and occupant of the property | $2,000 assessed value reduction | Applies to primary residence only |
| Disabled Persons' Homestead Exemption | Must be 100% disabled and owner and occupant of the property | $2,000 assessed value reduction | Applies to primary residence only |
| Veterans' Homestead Exemption | Must be an honorably discharged veteran and owner and occupant of the property | $10,000 assessed value reduction | Applies to primary residence only |
| Surviving Spouses' Homestead Exemption | Must be the surviving spouse of a veteran or first responder and owner and occupant of the property | $10,000 assessed value reduction | Applies to primary residence only |
| First Responders' Homestead Exemption | Must be a first responder and owner and occupant of the property | $10,000 assessed value reduction | Applies to primary residence only |
| Agricultural Land Classification | Must have agricultural use of the property | Varies based on use | Taxed at a lower rate than residential property |
It's important to note that these exemptions and deductions may have specific requirements and limitations, so it's best to check with the Cape Girardeau County Assessor's Office for more information.
When is Cape Girardeau County Property Tax due ?
Cape Girardeau County Property Tax is typically due on December 31st of each year. Property owners can pay their taxes using various methods such as online payments, mail, in-person or dropbox. Below is a breakdown of the payment methods available:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their taxes online through the Cape Girardeau County website. The website allows for secure payments using either a credit card or electronic check. |
| Property owners can send their payments by mail to the Cape Girardeau County Collector's Office. The address is listed on the tax bill. | |
| In-person | Property owners can visit the Cape Girardeau County Collector's Office during business hours and pay their taxes in-person. |
| Dropbox | A dropbox is available outside the Cape Girardeau County Collector's Office for after-hours tax payments. |
It is important to note that late payments will result in penalties, fees, and interest charges. Property owners should ensure that their payments are submitted on or before the due date to avoid any additional charges.
If you have more questions - contact your local tax collector.
How is Cape Girardeau County Property Tax penalty calculated ?
Cape Girardeau County imposes a property tax on real estate owned by residents of the county. If the property tax is not paid on time, a penalty will be imposed. The penalty is calculated based on the amount of unpaid taxes and the length of time they are past due.
Here is an example of how the penalty for Cape Girardeau County property tax is calculated:
- A homeowner owes $1,000 in property taxes for the year
- The due date for the taxes is December 31st
- The homeowner does not pay the taxes until February 15th, which means the taxes are 46 days past due
- The penalty for late payment is 2% per month, or 24% per year
- The penalty amount is calculated by multiplying the unpaid taxes ($1,000) by the penalty rate (24%) and the number of months past due (2)
- So the penalty for late payment would be $480 (=$1,000 x 24% x 2)
To avoid penalties, it's important for homeowners to pay their property taxes on time. If you're unsure how to calculate your property tax or when it's due, you can contact the Cape Girardeau County tax collector's office for assistance.
We recommend contacting the Cape Girardeau County Tax Office or a local tax professional for the most up-to-date and accurate information.