Example of Carroll County Property Tax Calculation
Carroll County Property Tax is calculated by multiplying the assessed value of a property by the county's tax rate. For example, if the assessed value of a property in Carroll County is $100,000 and the tax rate is 0.75%, then the property tax would be $750. The assessed value of a property is determined by the Carroll County Assessment Office, which conducts regular assessments to determine the fair market value of properties in the county. It's important to note that property taxes are used to fund local services and infrastructure, such as schools, roads, and public safety, so paying them is an important contribution to the community.
If you want appeal your property tax assessment - contact your local tax assessor.
Carroll County Property Tax Rates
The Carroll County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.89 |
| Municipality | $0.45 |
| School | $1.07 |
| Fire | $0.06 |
| Solid Waste | $0.09 |
It is important to note that these rates may vary depending on the specific location and property being assessed in Carroll County. It is recommended to consult with a local tax advisor for more detailed and accurate information.
Who sets property tax rates in Carroll County ?
Property Tax Rates in Carroll County
Who sets the rates?
The property tax rates in Carroll County are set by the Carroll County Board of Commissioners. They are responsible for determining the tax rate each year based on the county's budget and financial needs.
When are the rates set?
The Board of Commissioners typically sets the property tax rates in late spring, around May or June. This allows time for the county government to prepare and send out property tax bills to residents before the deadline for payment, which is typically in September.
It is important to note that property tax rates can vary from year to year and may be influenced by a variety of factors, such as changes in property values or changes in state and local tax policies.
If you have any questions about property taxes in Carroll County, it is recommended that you consult with a qualified tax advisor or contact the Carroll County government directly.
Homestead exemptions in Carroll County ?
In Carroll County, Illinois, there are various Homestead exemptions and deductions that residents may be eligible for. Here is a list of these exemptions and deductions, along with important information on eligibility, amount, and any relevant notes:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Must own and occupy the property as a primary residence on January 1st of the tax year | Up to $6,000 in equalized assessed value (EAV) | The exemption applies to all taxing bodies, including school districts |
| Senior Citizen Homestead Exemption | Must be 65 or older, own and occupy the property as a primary residence on January 1st of the tax year | Up to an additional $5,000 in EAV | The exemption applies to all taxing bodies, including school districts |
| Senior Citizen Assessment Freeze Exemption | Must be 65 or older with a household income under $65,000, own and occupy the property as a primary residence on January 1st of the tax year | Freezes the EAV at the base year value | The exemption applies to all taxing bodies, including school districts. The base year is the first year the homeowner receives the exemption |
| Disabled Veterans' Homestead Exemption | Must be a veteran with a service-connected disability of at least 30%, own and occupy the property as a primary residence on January 1st of the tax year | Up to an additional $2,500 in EAV | The exemption applies to all taxing bodies, including school districts |
| Disabled Persons' Homestead Exemption | Must have a disability, own and occupy the property as a primary residence on January 1st of the tax year | Up to an additional $2,000 in EAV | The exemption applies to all taxing bodies, including school districts |
| Home Improvement Exemption | Must have made improvements to the property, resulting in an increase in EAV | Up to $25,000 in EAV | The exemption applies to all taxing bodies, except for school districts |
It's important to note that homeowners must apply for these exemptions and deductions with the Carroll County Assessor's office. Additionally, some of these exemptions may have income or other eligibility requirements, so it's important for homeowners to thoroughly review the requirements before applying.
When is Carroll County Property Tax due ?
Carroll County Property Tax is typically due on September 30th of each year. However, if that date falls on a weekend or holiday, the due date will be the following business day.
There are several payment methods available for Carroll County Property Tax. These include:
- In-person: Payments can be made in person at the Carroll County Tax Office, located at 225 N. Center Street in Westminster. Cash, check, or money order is accepted.
- By mail: Payments can be mailed to the Carroll County Tax Office at the same address. Check or money order is accepted.
- Online: Payments can be made online through the Carroll County Tax Office website using a credit or debit card. A convenience fee will apply.
- By phone: Payments can also be made over the phone by calling the Carroll County Tax Office. Credit or debit card is accepted, and a convenience fee will apply.
It is important to note that failure to pay Carroll County Property Tax on time can result in penalties and interest charges. So be sure to make your payment by the due date to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Carroll County Property Tax penalty calculated ?
Carroll County Property Tax Penalty Calculation
Property taxes are a significant source of revenue for local governments in the United States. The penalty for failing to pay property taxes on time can be substantial. In Carroll County, property tax penalties are calculated based on a percentage of the total tax amount owed. Here’s an example to help understand how the penalty is calculated:
Example: Mr. Smith owns a property in Carroll County with a taxable value of $100,000. The property tax rate for 2021 is $1.10 per $100 of assessed value. Therefore, his property tax amount due for the year is $1,100. Mr. Smith failed to pay his property taxes by the deadline of September 30, 2021.
Penalty Calculation: The penalty for unpaid property taxes in Carroll County is based on a percentage of the total tax amount due. The penalty percentage varies depending on how long the taxes are delinquent. The penalty for taxes delinquent for up to 30 days is 5% of the total tax amount. Therefore, the penalty for Mr. Smith’s overdue property taxes would be $55 (5% of $1,100).
If the taxes are delinquent for more than 30 days but less than 60 days, the penalty increases to 10% of the total tax amount. If the taxes are delinquent for more than 60 days but less than 90 days, the penalty increases to 15% of the total tax amount. If the taxes are delinquent for more than 90 days, the penalty increases to 20% of the total tax amount.
It’s important to note that interest is also charged on delinquent property taxes in Carroll County. The interest rate is 1.5% per month or 18% per year, beginning on the first day of the month following the due date.
In summary, property tax penalties in Carroll County are calculated based on a percentage of the total tax amount due, with the penalty increasing the longer the taxes are delinquent. Interest is also charged on delinquent taxes. It’s important to pay property taxes on time to avoid penalties and interest charges.
We recommend contacting the Carroll County Tax Office or a local tax professional for the most up-to-date and accurate information.