Example of Centre County Property Tax Calculation
Centre County calculates property taxes based on the value of the property. The assessment value of the property is multiplied by the millage rate, which is set by the local government.
For example, if a property in Centre County has an assessed value of $100,000 and the millage rate is 10 mills, the property tax would be $1,000. This calculation can be done by multiplying the assessed value by the millage rate and then dividing by 1,000.
It is important to note that property taxes may also include additional fees or assessments for specific services, such as school or fire district taxes. These fees are determined by separate authorities and are added onto the property tax bill.
Overall, property taxes can vary depending on the location and value of the property, as well as any additional fees or assessments. It is important for property owners to stay informed and up-to-date on their property tax bills and any changes in millage rates or fees.
If you want appeal your property tax assessment - contact your local tax assessor.
Centre County Property Tax Rates
Center County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Real Estate | $8.28 |
| Personal | $2.04 |
| Per Capita | $5.00 |
| Occupation | $52.00 |
| Local Sales | 0.10% |
| County Sales | 0.50% |
These are the current property tax rates for Center County. Real estate tax rate is $8.28 per $100 of assessed value, personal tax rate is $2.04 per $100 of assessed value, per capita tax rate is $5.00, occupation tax rate is $52.00, local sales tax rate is 0.10%, and county sales tax rate is 0.50%.
Who sets property tax rates in Centre County ?
The Centre County property tax rates are set by the County Board of Commissioners. They are responsible for establishing the annual budget, which includes determining the property tax rate. The property tax rate is typically set at a public meeting held in December of each year. Property owners will receive their tax bills in March of the following year. It is important for property owners to note that the assessed value of their property, as determined by the County Assessment Office, will impact the amount of property tax owed.
Homestead exemptions in Centre County ?
To provide a comprehensive overview of the county-specific Homestead exemptions and deductions in Centre County, Pennsylvania, the following table has been created with columns for exemption, eligibility, amount, and notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead/Farmstead Exclusion | Owner-occupied primary residence or farmstead | Up to $45,000 of assessed value | Must apply by March 1st |
| Clean and Green Program | Agricultural or forested land | Reduced assessment values | Requires 10-year commitment |
| Disabled Veterans Real Estate Tax Exemption | Honorably discharged veterans with 100% service-related disability | Exemption of up to $143,000 of assessed value | Must provide documentation |
| Senior Citizen Property Tax Rebate | Seniors over 65 with income under $35,000 | Maximum rebate of $650 | Must apply by June 30th |
| Blind or Disabled Person Exemption | Blind or disabled individuals with limited income | Exemption of up to $8,000 of assessed value | Must provide certification of blindness or disability |
| Fire and Emergency Services Personnel Tax Credit | Active volunteer firefighters and EMS personnel | $200 tax credit | Must serve at least 50 hours per year |
It is important to note that each exemption and deduction has its specific eligibility requirements and deadlines, and taxpayers should consult with the Centre County Tax Assessor's office for further information and assistance. By taking advantage of these county-specific Homestead exemptions and deductions, eligible residents can reduce their property taxes and ease their financial burden.
When is Centre County Property Tax due ?
Centre County Property Tax is typically due on June 30th of each year. However, as of 2021, there has been a grace period extension to August 31st due to the ongoing COVID-19 pandemic.
Property owners in Centre County can make their tax payments through various methods including:
| Payment Method | Details |
|---|---|
| Property owners can send their payment by mail to the Centre County Treasurer's Office. | |
| In Person | Payments can be made in person at the Centre County Treasurer's Office located at 414 Holmes St, Bellefonte, PA 16823. |
| Online | Property owners can pay their taxes online through the Centre County ePayment portal. |
It's important for property owners to make their tax payments on time to avoid any late payment penalties. Additionally, if payment is not made by December 31st of each year, the taxes become delinquent and interest will begin to accrue.
If you have more questions - contact your local tax collector.
How is Centre County Property Tax penalty calculated ?
The Centre County Property Tax penalty is calculated based on the amount of tax owed and the duration for which it remains unpaid. The penalty is assessed at a rate of 10% per annum for the first six months and an additional 5% per annum thereafter.
For example, let's say an individual owes $1,000 in property taxes for the year and fails to pay by the deadline. After six months, the individual would owe an additional $100 in penalties, bringing the total amount owed to $1,100. If the individual still fails to pay after a year, the penalty would increase by an additional 5%, or $55, making the total amount owed $1,155.
To summarize, the Centre County Property Tax penalty is calculated as follows:
- 10% per annum penalty for the first six months of unpaid taxes
- An additional 5% per annum penalty thereafter
This penalty is calculated based on the amount of tax owed and the duration of non-payment. It's important to pay property taxes on time to avoid incurring penalties and additional fees.
We recommend contacting the Centre County Tax Office or a local tax professional for the most up-to-date and accurate information.