Cobb County Property Tax Rates
The Cobb County Property Tax rates are as follows:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $8.75 |
| School Tax | $18.90 |
| Municipal Tax (varies by location) | $0.00 - $6.00 |
| Special District Tax (varies by location) | $0.00 - $3.00 |
It is important for residents of Cobb County to be aware of these tax rates and plan accordingly for their property tax payments. These rates may vary depending on the location of the property and any special district taxes that may apply.
Who sets property tax rates in Cobb County ?
- Who sets property tax rates in Cobb County?
The Cobb County Board of Commissioners is responsible for setting property tax rates in Cobb County, Georgia, USA.
- When are property tax rates set in Cobb County?
Property tax rates are typically set annually by the Cobb County Board of Commissioners during the budget process, which begins in the spring and culminates with the adoption of a budget and property tax rates in the summer.
It is important to note that the property tax rate is determined based on a variety of factors, such as the county's budget needs, property values, and state laws. Property owners in Cobb County should expect to receive their annual property tax bills in the mail in the fall.
Example of Cobb County Property Tax Calculation
Cobb County Property Tax Calculation Example:
When calculating the property tax for a home in Cobb County, Georgia, there are a few factors to consider. Firstly, the tax rate for 2021 is set at 9.85%. This means that for every $100 of assessed value, the homeowner will owe $9.85 in property taxes.
To determine the assessed value of a home, the county assesses the property at 40% of its fair market value. For example, if a home's fair market value is $200,000, the assessed value would be $80,000 ($200,000 x 0.40).
Using the current tax rate of 9.85%, the property taxes owed on this home would be:
$80,000 ÷ 100 = 800 (rounded to nearest dollar) $800 x 9.85% = $78.80
Therefore, the property taxes owed for this home in Cobb County would be $78.80 for the year.
It is important to note that the assessed value of a property may change from year to year, based on factors such as home improvements or changes in the local real estate market. Additionally, property owners may be eligible for certain exemptions or discounts on their property taxes, depending on their circumstances.
If you want appeal your property tax assessment - contact your local tax assessor.
When is Cobb County Property Tax due ?
Cobb County Property Tax Due Date and Payment Methods
Cobb County property taxes are due on October 15th of each year. If the 15th falls on a weekend or holiday, the deadline is extended to the next business day.
The following payment methods are available for Cobb County property taxes:
| Payment Method | Details |
|---|---|
| Online Payment | You can pay your property taxes online using a credit/debit card or e-check through the Cobb County Tax Commissioner’s website. A convenience fee will be charged for this service. |
| You can send a check or money order to the Cobb County Tax Commissioner’s office. The mailing address and payment details are provided on the tax bill. | |
| In Person | You can make a payment in person at the Cobb County Tax Commissioner’s office using cash, check, or credit/debit card. A convenience fee will be charged for credit/debit card payments. |
It is important to note that failure to pay property taxes by the due date will result in penalties and interest charges. Therefore, it is recommended to pay on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
Homestead exemptions in Cobb County ?
Table: Cobb County Homestead Exemptions and Deductions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic Homestead Exemption | All homeowners residing in their home as primary residence on January 1 | Up to $2,000 | Cannot exceed 40% of assessed value |
| Senior Citizen Exemption | Homeowners 62 years or older residing in their home as primary residence on January 1 | Up to $4,000 | Must have income of $30,000 or less |
| Disabled Person Exemption | Homeowners who are totally and permanently disabled or blind, residing in their home as primary residence on January 1 | Up to $10,000 | Must have income of $40,000 or less |
| Veteran’s Exemption | Veterans who were honorably discharged or their surviving spouse, residing in their home as primary residence on January 1 | Up to $4,000 | Must have served during time of war |
| Unremarried Surviving Spouse Exemption | Surviving spouse of a homeowner who was receiving the senior citizen exemption at the time of their death, residing in their home as primary residence on January 1 | Up to $4,000 | Must have been at least 62 years of age |
| Conservation Use Assessment | Land actively used for conservation purposes | Property tax assessment based on current use | N/A |
| Freeport Exemption | Inventory of goods that are shipped out of Georgia within 12 months of purchase | Up to 100% exemption | Applies to certain types of businesses |
Notes:
- All exemptions must be applied for each year by April 1st.
- The amount of exemption is subtracted from the assessed value of the property before property tax is calculated.
- Other requirements and restrictions may apply.
How is Cobb County Property Tax penalty calculated ?
Cobb County Property Tax Penalty Calculation
Overview
Cobb County, located in Georgia, uses property taxes to fund government services such as schools, police and fire departments, parks, and more. Property owners in Cobb County are required to pay property taxes based on the assessed value of their property. Failure to pay these taxes on time will result in a penalty.
Calculation
Cobb County applies a penalty of 5% on unpaid property taxes after the due date. After 120 days from the due date, an additional 5% penalty is added. This means that if a property owner fails to pay their property taxes within 120 days of the due date, they will be charged a total penalty of 10% of the unpaid amount.
For instance, if a property owner has a tax bill of $5,000 and fails to pay it by the due date, the initial penalty will be $250 (5% of $5,000). If the tax bill remains unpaid after 120 days from the due date, an additional $250 penalty (5% of $5,000) will be added, resulting in a total penalty of $500 (10% of $5,000) in addition to the unpaid tax bill.
Conclusion
It's important for property owners in Cobb County to pay their property taxes on time to avoid penalties. Property owners can also benefit from early payment discounts if they pay their taxes before the due date. For any questions or concerns regarding property tax payment, property owners can contact the Cobb County Tax Assessor’s Office.
We recommend contacting the Cobb County Tax Office or a local tax professional for the most up-to-date and accurate information.