Example of Coconino County Property Tax Calculation
Coconino County Property Tax is calculated based on the assessed value of the property. The assessed value is determined by the County Assessor's Office and is based on factors such as the size, location and condition of the property. Once the assessed value is determined, the County applies the tax rate to the assessed value to determine the amount of property tax owed.
For example, if a property in Coconino County is assessed at $150,000 and the tax rate is 1.5%, the property owner would owe $2,250 in property taxes ($150,000 x 1.5% = $2,250). However, it's important to note that the tax rate can vary depending on the location and type of property.
Property owners in Coconino County have the option to pay their property taxes in two installments, due in October and March of each year. It's important to pay property taxes on time to avoid penalties and interest charges.
Overall, understanding how Coconino County Property Tax is calculated can help property owners budget and plan for their tax obligations.
If you want appeal your property tax assessment - contact your local tax assessor.
Coconino County Property Tax Rates
The Coconino County Property Tax rates are as follows:
| Tax | Rate per $100 Assessed Value |
|---|---|
| County Primary | $0.3969 |
| County Secondary | $0.2465 |
| County Flood | $0.0316 |
| County Jail | $0.0796 |
| County Library | $0.3211 |
| County Health | $0.1666 |
| County Education | $0.2793 |
| County Bond | $0.0236 |
| County Special | $0.1000 |
These rates are subject to change and may vary based on various factors such as property location and size. As a tax advisor, it is important to stay updated on any changes in tax rates to provide accurate information to clients.
Who sets property tax rates in Coconino County ?
In Coconino County, property tax rates are set by the County Board of Supervisors. This happens annually during budget hearings where public input is also gathered. The property tax rate is determined based on several factors such as the assessed value of the property and the budgetary needs of the county. The County Board of Supervisors is responsible for ensuring that property tax rates are fair and equitable for all property owners in the county. It is important for property owners to stay informed about changes in property tax rates and to take advantage of any available exemptions or deductions. Below is a table summarizing the process of setting property tax rates in Coconino County:
| Who sets the property tax rates? | The County Board of Supervisors |
|---|---|
| When are property tax rates set? | Annually during budget hearings |
| What factors determine property tax rates? | Assessed value of the property and budgetary needs of the county |
| What is the responsibility of the County Board of Supervisors? | Ensure property tax rates are fair and equitable for all property owners in the county |
Homestead exemptions in Coconino County ?
As a blogger, it's important to provide information that's useful and relevant to your readers. If you're a homeowner in Coconino County, Arizona, you may be wondering what Homestead exemptions and deductions are available to you. To help you navigate this topic, we've put together a table with all the county-specific exemptions and deductions.
The table includes four columns: exemption, eligibility, amount, and notes. Here is a breakdown of what each column means:
- Exemption: This column lists the different types of exemptions and deductions available to homeowners in Coconino County.
- Eligibility: This column outlines the eligibility criteria for each exemption and deduction.
- Amount: This column shows the amount that homeowners can save through each exemption and deduction.
- Notes: This column provides additional information about each exemption and deduction.
Without further ado, here's the table of Coconino County Homestead exemptions and deductions:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Standard Deduction | All homeowners | $3,000 | This is the basic deduction available to all homeowners. |
| Senior Exemption | Homeowners over 65 years old or disabled | $4,000 | |
| Veteran Exemption | Veterans or their surviving spouses | $4,000 | |
| Limited Income | Homeowners with limited income | Varies based on income level | This exemption is only available to homeowners with a limited income. The amount varies based on your income level. |
| Solar Energy Exemption | Homes with solar systems installed | Varies based on system size | This exemption is available to homeowners who have installed solar systems in their homes. The amount varies based on the size of your system. |
| Fire District | Homeowners residing in a fire district | Varies based on district rules | This exemption is available to homeowners who reside in a fire district. The amount varies based on the rules of your particular district. Check with your local fire department for more information. |
| School | Homeowners with children in school | Varies based on school district | This exemption is available to homeowners with children in school. The amount varies based on the rules of your particular school district. Check with your local school district for more information. |
| Floodplain | Homeowners living in a floodplain or a flood-prone area | Varies based on flood zone | This exemption is available to homeowners living in a floodplain or a flood-prone area. The amount varies based on the flood zone you're in. Check with your local floodplain management office for more information. |
| Historic Property | Homeowners with designated historic properties | Varies based on property value | This exemption is available to homeowners with designated historic properties. The amount varies based on the value of your property. Check with your local historic preservation office for more information. |
By using this table, you can easily compare the different exemptions and deductions available to you as a homeowner in Coconino County. Remember to check with your local government offices for more information on eligibility criteria and how to apply for these exemptions and deductions.
When is Coconino County Property Tax due ?
Coconino County Property Tax Due Date and Payment Methods
- The Coconino County property tax is typically due on October 1st every year.
- If the payment is made after the due date, a penalty fee will be added.
- The payment methods available to pay Coconino County property tax are:
| Payment Method | Details |
|---|---|
| Online | You can pay through the county's website using a credit card or e-check. The website provides a secure gateway for payment transactions. |
| You can mail a check or money order to the Coconino County Treasurer's office. The address is available on the county's website. | |
| In-Person | You can visit the Coconino County Treasurer's office in Flagstaff and pay using cash, check, or card. |
If a taxpayer is unable to pay the property tax on time, they can contact the Coconino County Treasurer's office to request a payment plan.
If you have more questions - contact your local tax collector.
How is Coconino County Property Tax penalty calculated ?
Coconino County Property Tax Penalty Calculation
When a property owner in Coconino County fails to pay property taxes by the deadline, they will be subject to a penalty. This penalty is calculated as a percentage of the total tax owed and increases over time.
The penalty rate for late payment of property taxes in Coconino County is 16% per annum, which is added to the total amount due for the property tax. The penalty is calculated based on the due date of the tax bill and its corresponding installment. For example, if a taxpayer owes $1,000 in property taxes and fails to make their payment by the first installment date, they will face a penalty of $160 (16% of $1,000).
To avoid incurring a penalty, property owners in Coconino County must pay their property taxes in full by the deadline or in installments before the corresponding due dates. It's essential to note that failure to pay property taxes could lead to the county selling the property at auction to recover the debts owed.
To summarize, the penalty for late payment of property taxes in Coconino County is calculated as 16% per annum of the total amount due. Property owners can avoid incurring a penalty by paying their taxes on time. Failure to pay property taxes may lead to the county selling the property to recover unpaid debts.
We recommend contacting the Coconino County Tax Office or a local tax professional for the most up-to-date and accurate information.