Example of Chatham County Property Tax Calculation
Chatham County property taxes are calculated by determining the assessed value of a property and then applying the current millage rate. The assessed value is based on the fair market value of the property, which is determined by the Chatham County Board of Assessors. The millage rate is set by the Chatham County Board of Commissioners.
For example, if a property in Chatham County has an assessed value of $200,000 and the current millage rate is 10 mills, the property tax owed would be $2,000. This is calculated by multiplying the assessed value by the millage rate (200,000 x 0.01 = 2,000).
Property taxes in Chatham County are due on December 1st of each year. It's important to note that property owners may be eligible for certain exemptions or credits that can reduce their property tax liability. These exemptions and credits include the homestead exemption for primary residences, exemptions for senior citizens, and exemptions for disabled veterans.
Overall, understanding how Chatham County property taxes are calculated can help property owners plan and budget for their tax obligations.
If you want appeal your property tax assessment - contact your local tax assessor.
Chatham County Property Tax Rates
Here's a formatted table of Chatham County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Property Tax | $0.6800 |
| City of Savannah Property Tax | $0.5130 |
| Town of Thunderbolt Property Tax | $0.3650 |
| Town of Tybee Island Property Tax | $0.3283 |
| City of Pooler Property Tax | $0.3000 |
| City of Bloomingdale Property Tax | $0.2500 |
Please note that these rates are subject to change, and taxpayers should consult with a qualified tax professional for specific information regarding their property tax obligations.
Who sets property tax rates in Chatham County ?
- Who sets property tax rates in Chatham County?
The Chatham County Board of Commissioners is responsible for setting property tax rates in Chatham County.
- When are property tax rates set in Chatham County?
Property tax rates in Chatham County are typically set once a year during the budget approval process. This usually occurs in June or July. Property owners are notified of any changes in their property tax rates through their annual property tax assessment.
- How are property tax rates calculated in Chatham County?
The property tax rate in Chatham County is calculated by taking the assessed value of a property, multiplying it by the property tax rate, and then dividing that amount by 100. The assessed value of a property is based on the property's market value, and is determined by the Chatham County Tax Assessor's Office.
- What is the current property tax rate in Chatham County?
The current property tax rate in Chatham County is 0.63%, or $0.63 per $100 of assessed value. This means that the owner of a property with a market value of $200,000 would pay approximately $1,260 in property taxes annually.
Homestead exemptions in Chatham County ?
In Chatham County, North Carolina, there are several Homestead exemptions and deductions available to eligible homeowners. To help you navigate through these tax benefits, we have compiled a list of all county-specific exemptions and deductions below:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly and Disabled Homestead Exclusion | 65 years or older or totally and permanently disabled | First $25,000 of assessed value | Must apply and meet income requirements |
| Disabled Veteran Property Tax Exclusion | Honorably discharged veterans with service-connected disability of 100% | First $45,000 of appraised value | Must provide proof of disability |
| Circuit Breaker Tax Deferment Program | Homeowners who are at least 65 years old or totally and permanently disabled | Deferred taxes must not exceed 50% of the property's appraised value | Must apply and meet income requirements |
| Present Use Value Program (PUV) | Landowners with property used for agriculture, horticulture, or forestry | Taxable value will be based on the current use of the land | Must meet eligibility requirements and annual application is required |
| Renewable Energy Property Tax Exemption | Property owners who install and use solar, wind, or biomass equipment | Exemption of the added value of the renewable energy system | Must apply for the exemption within 30 days of installation |
It's important to note that some of these exemptions have specific eligibility requirements and application processes. If you believe that you are eligible for any of these benefits, it's recommended that you contact your local assessor's office for more information.
By taking advantage of these Homestead exemptions and deductions, Chatham County homeowners can save on their property taxes and reduce their annual tax bill.
When is Chatham County Property Tax due ?
Chatham County Property Tax is typically due on January 15th of each year. However, if the due date falls on a weekend or holiday, the due date is extended to the next business day. There are several payment methods available for property owners to pay their property taxes in Chatham County. These payment methods include:
- Online Payments: Property owners can pay their property taxes online using a credit or debit card at the Chatham County Tax Commissioner's website.
- Mail-In Payments: Property owners can also mail in their property tax payments to the Chatham County Tax Commissioner's office. The mailing address is:
Chatham County Tax Commissioner 222 West Oglethorpe Avenue Savannah, GA 31401
- In-Person Payments: Property owners can make in-person payments at the Chatham County Tax Commissioner's office located at the address above.
Additionally, property owners have the option to pay their property taxes in installments. The installment option allows property owners to pay their taxes in four equal installments due on the 15th of each month from January to April.
It is important to note that failure to pay property taxes by the due date may result in penalties, interest, and/or the sale of the property at a tax sale. Therefore, property owners should ensure that they make their property tax payments on time using one of the available payment methods.
If you have more questions - contact your local tax collector.
How is Chatham County Property Tax penalty calculated ?
Chatham County Property Tax Penalty Calculation:
In Chatham County, property taxes are due on January 5th of each year. If the property owner fails to pay the taxes by that date, a 10% penalty is added to the unpaid balance. Additionally, interest accrues on the unpaid balance at a rate of 1% per month.
To better understand the Chatham County property tax penalty calculation, here is an example:
- Property owner X owes $5,000 in property taxes for the year 2021.
- The due date for the taxes was January 5th, 2022.
- Property owner X fails to pay the taxes by January 5th, 2022.
- The 10% penalty is applied to the $5,000 unpaid balance, resulting in a penalty of $500.
- Interest begins to accrue on the unpaid balance at a rate of 1% per month, starting February 5th, 2022.
- If the property owner still fails to pay the taxes after one year, the property may be sold at a tax sale.
It is important for property owners in Chatham County to pay their property taxes on time to avoid penalties and interest. Property taxes fund essential services such as schools, public safety, and infrastructure, and timely payment helps ensure these services can continue to be provided.
We recommend contacting the Chatham County Tax Office or a local tax professional for the most up-to-date and accurate information.