Chariton County property tax

Example of Chariton County Property Tax Calculation

Chariton County property taxes are calculated based on the assessed value of the property. For example, if a property is assessed at $100,000, and the tax rate is set at 2%, the property tax would be $2,000.

To calculate property taxes in Chariton County, the assessed value of the property is multiplied by the tax rate set by the county government. The assessed value is determined by the county assessor's office, which evaluates the property's value based on factors such as location, size, and condition.

Once the assessed value is determined, the tax rate is applied to that value to determine the amount of property tax owed. Property taxes are typically due in two instalments, with the first payment due by December 31 and the second payment due by May 31.

It's important for property owners to stay up-to-date on their tax payments, as failure to pay can result in penalties, interest charges, and even legal action. Property owners can contact the Chariton County assessor's office or treasurer's office for more information on property tax calculations and payments.

If you want appeal your property tax assessment - contact your local tax assessor.

Chariton County Property Tax Rates

The following table lists the property tax rates for Chariton County in US dollars per $100 of assessed value:

Note: Rates are subject to change and may vary based on specific property location and assessment.

Who sets property tax rates in Chariton County ?

Overview

In Chariton County, property tax rates are determined by a combination of local government agencies and state regulations. The rates are set annually and are based on the assessed value of the property.

Local Agencies

The Chariton County Commission is responsible for setting the property tax rates for the county itself. Additionally, each individual city within Chariton County has its own commission or board that sets property tax rates for that particular city.

State Regulations

Missouri state law requires that county property tax rates are set no later than September 1st of each year. The rates must be approved by the state auditor's office before they go into effect.

Assessment Process

Property values are assessed by the Chariton County Assessor's Office, which determines the market value of each property in the county. This assessed value is then used to calculate the property tax rate.

Conclusion

The property tax rates in Chariton County are determined by a combination of local government agencies and state regulations. These rates are set annually and are based on the assessed value of the property. The Chariton County Commission and each individual city commission are responsible for setting the rates, while the Chariton County Assessor's Office determines the assessed value of the property.

Homestead exemptions in Chariton County ?

To better understand the Homestead exemptions and deductions in Chariton County, Missouri, let's take a look at the table below:

It's important to note that the eligibility requirements and amount of each exemption and deduction may vary by county and state. Those who are eligible for these exemptions and deductions can save a significant amount of money on their property taxes. It's recommended that those who believe they may qualify for any of these exemptions or deductions should contact their local tax assessor's office for more information on the application process.

When is Chariton County Property Tax due ?

Chariton County Property Tax is typically due on December 31st of each year. It is important to pay on time, as late payments can result in penalties and interest charges.

There are several payment methods available to Chariton County property owners. These include:

1. Online Payments: Property owners can pay their taxes online using a credit or debit card. This can be done through the Chariton County website.

2. Mail: Property owners can mail their tax payments to the Chariton County Collector's Office. The address is:

Chariton County Collector 306 S Cherry St. Keytesville, MO 65261

3. In-Person: Property owners can pay in-person at the Chariton County Collector's Office. The office is located at the same address as above.

4. Drop Box: There is also a drop box located outside of the Chariton County Collector's Office. Property owners can drop their payments off at any time.

It is important to note that payments must be in the form of cash, check, or money order. Credit or debit card payments are only accepted online.

In summary, Chariton County Property Tax is due on December 31st of each year. Property owners have several payment options, including online, mail, in-person, or drop box. Payments must be made in cash, check, or money order.

If you have more questions - contact your local tax collector.

How is Chariton County Property Tax penalty calculated ?

Chariton County Property Tax Penalty Calculation

Chariton County, Missouri charges a penalty on late property tax payments. The penalty is calculated based on the amount of taxes owed, the length of time the payment is late, and the interest rate set by the state.

Here is an example of how the penalty is calculated:

Suppose a property owner owes $1,000 in property taxes for the year. The payment is due on December 31, but the owner fails to make the payment until March 1 of the following year.

The penalty for a late payment in Chariton county is 2% per month, with a maximum penalty of 24%. Therefore, the penalty for a 2-month delay would be:

• 2% penalty for January = $20
• 2% penalty for February = $20 Total penalty = $40

In addition to the penalty, interest is charged on the unpaid tax balance at a rate of 1.5% per month, or 18% per year. Therefore, the interest on the unpaid $1,000 for the two-month period is:

• 1.5% interest for January = $15
• 1.5% interest for February = $15 Total interest = $30

The total penalty and interest charged for this late payment would be:

• Penalty = $40
• Interest = $30 Total penalty and interest = $70

It is important to note that the penalty and interest rates may change from year to year, so property owners should check with the Chariton County Tax Collector's office for the current rates.

By paying on time, property owners can avoid costly penalties and interest charges.

We recommend contacting the Chariton County Tax Office or a local tax professional for the most up-to-date and accurate information.

Chariton County tax offices:

• Chariton County tax assessor
• Chariton County tax collector
• Chariton County tax commissioner
• Chariton County tax appraiser
• Chariton County tag office