Example of Clare County Property Tax Calculation
Clare County property tax is calculated based on the assessed value of the property and the millage rate set by the local government. For example, if a property in Clare County has an assessed value of $100,000 and the millage rate is 20 mills, the property tax would be $2,000.
To calculate the property tax, the assessed value is multiplied by the millage rate (in this case, $100,000 x 0.02) to determine the annual tax amount. This amount may be divided into two or four installments, depending on the county's policy.
It is important to note that property tax rates can vary between different counties and even within the same county. Property owners can contact their local government offices to obtain more information on specific property tax rates and payment options.
If you want appeal your property tax assessment - contact your local tax assessor.
Clare County Property Tax Rates
Here is a formatted table listing the property tax rates for Clare County in US dollars per 100$ of assessed value.
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| General | 2.00 |
| School District | 3.50 |
| State Education | 0.06 |
| Road Commission | 0.50 |
| Special Assessment | Varies |
It's important to note that the Special Assessment tax rate varies based on the type of special assessment applied to the property. As a tax advisor, it's recommended to consult with the Clare County Treasurer's office or a local tax professional for more information on specific properties.
Who sets property tax rates in Clare County ?
In Clare County, Michigan, the property tax rates are set by the Clare County Board of Commissioners. The rates are decided annually during budget sessions, typically in the fall of each year.
Who sets property tax rates in Clare County?
- The Clare County Board of Commissioners
When are property tax rates set in Clare County?
- Annually, typically during budget sessions in the fall of each year.
Homestead exemptions in Clare County ?
To help homeowners in Clare County, Michigan navigate the various Homestead exemptions and deductions available, here is a table of the county-specific options:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Principal Residence Exemption (PRE) | Owner | Reduces tax on property's assessed value by up to 18 mills | Must be primary residence |
| Poverty Exemption | Owner, household income below federal poverty guidelines | Varies | Must apply annually and provide documentation of income |
| Veterans Exemption | Veteran with certain service requirements, spouse/surviving spouse of veteran killed in action | Varies based on percentage of disability | Must provide proof of eligibility |
| Senior Citizens and Disabled Persons Property Tax Relief | Owner age 62+ or disabled, household income below $40,000 | Varies based on income and taxable value | Must apply annually and provide documentation of income and disability |
| Agricultural Exemption | Property used for agricultural purposes | Exempt from school operating taxes | Must meet certain criteria and file an affidavit |
It's important to note that each exemption and deduction has its own set of eligibility requirements and application processes. Homeowners in Clare County should consult with their local tax assessor's office or a qualified tax professional for more information.
When is Clare County Property Tax due ?
Clare County Property Tax is typically due on March 1st of each year. However, tax bills are usually mailed out by July 1st and payment is due by September 14th. It's important to note that failure to pay property taxes on time can result in additional fees and penalties.
There are several payment methods available for Clare County Property Tax. These include:
- Online: Property owners can pay their taxes online through the Clare County website. This method accepts e-checks, debit cards, and credit cards. However, there is a convenience fee for credit card payments.
- Mail: Property owners can mail in their payment to the address listed on their tax bill. Payments must be postmarked by the due date to avoid penalties.
- In person: Property owners can pay in person at the Clare County Treasurer's Office. Cash, checks, and credit cards are accepted. However, there is a convenience fee for credit card payments.
It's important for property owners to plan ahead and budget for property tax payments each year to avoid any late fees or penalties.
If you have more questions - contact your local tax collector.
How is Clare County Property Tax penalty calculated ?
Clare County Property Tax Penalty Calculation
When property owners fail to pay their property taxes on time in Clare County, they become subject to penalties. The penalty is calculated based on the amount of tax owed and the duration of the delinquency. Here is how the penalty is calculated in Clare County:
- A penalty of 1% is added for the first month after the due date.
- An additional penalty of 1% is added for each additional month that the taxes remain unpaid, up to a maximum of 5%.
- After five months of delinquency, the property is subject to foreclosure.
Here is an example of how the penalty is calculated for a property with a tax bill of $2,000 that is delinquent for three months:
| Calculation | Amount |
|---|---|
| Original tax bill | $2,000 |
| 1% penalty for first month | $20 |
| 1% penalty for second month | $20 |
| 1% penalty for third month | $20 |
| Total penalty | $60 |
| Total amount due (taxes + penalty) | $2,060 |
Property owners in Clare County should make every effort to pay their property taxes on time to avoid penalties and possible foreclosure. If they are unable to pay their taxes, they should contact the county treasurer's office to discuss possible payment plans or other options.
We recommend contacting the Clare County Tax Office or a local tax professional for the most up-to-date and accurate information.