Example of Coffey County Property Tax Calculation
Coffey County Property Tax is calculated based on the value of the property. A property's value is determined by assessing its market value, which is the price it would sell for in the open market. The county assessor's office is responsible for assessing the value of each property in Coffey County.
Once the value of the property is determined, the county applies a tax rate to calculate the property tax. The tax rate is set by the county commission and is expressed as a percentage of the property's assessed value.
For example, if a property in Coffey County is assessed at a value of $100,000 and the county tax rate is 1%, the property tax would be $1,000 ($100,000 x 1%). This amount is what the property owner would owe in property taxes for that year.
It's important to note that property tax rates can vary depending on the location and type of property. Additionally, certain exemptions or deductions may be available to property owners, such as homestead exemptions or agricultural exemptions.
Overall, the process of calculating Coffey County Property Tax is straightforward and based on the assessed value of the property and the county tax rate.
If you want appeal your property tax assessment - contact your local tax assessor.
Coffey County Property Tax Rates
Below is a table listing the current property tax rates in Coffey County, Kansas in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $2.756 |
| City of Burlington | $2.600 |
| City of Gridley | $2.490 |
| City of Lebo | $2.835 |
| City of Le Roy | $3.062 |
| City of New Strawn | $2.860 |
| City of Waverly | $2.560 |
Please note that these rates are subject to change and may vary based on specific property characteristics and exemptions. It is recommended to consult with a qualified tax professional for personalized advice.
Who sets property tax rates in Coffey County ?
Who and when sets property tax rates in Coffey County?
In Coffey County, Kansas, the Coffey County Commission is responsible for setting property tax rates. They typically do this in August or September of each year, after taking into account the county's budget and the property valuations that have been determined by the County Appraiser's office.
The property tax rates are based on the total amount of revenue needed to fund the county's budget, and are calculated by dividing that amount by the total assessed value of all taxable property in the county. The tax rate is then expressed in terms of mills, which represent the amount of tax per $1,000 of assessed value.
It's important to note that property tax rates can vary depending on where the property is located within the county. Additionally, property owners in Coffey County have the right to appeal their property valuation if they believe it is inaccurate or unfair, which can potentially impact their property tax bill.
When is Coffey County Property Tax due ?
Coffey County Property Tax is typically due on December 20th of each year. The tax bill is mailed out to property owners on or before November 1st. Property owners have the option to pay their property tax in full or in two installments.
Payment Methods:
| Payment Method | Details |
|---|---|
| Online Payment | Property owners can pay their property tax online through the Coffey County website using a credit card or e-check. |
| Property owners can mail their property tax payment to the Coffey County Treasurer's Office. | |
| In-Person | Property owners can make their property tax payment in person at the Coffey County Treasurer's Office during regular business hours. |
| Drop Box | Property owners can also drop off their property tax payment in the drop box located outside of the Coffey County Treasurer's Office. |
It is important to note that late payments will result in a penalty and interest charges. Therefore, property owners should make sure to pay their property tax on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
Homestead exemptions in Coffey County ?
To help homeowners in Coffey County, Kansas, understand their Homestead exemptions and deductions, the following table provides information for all county-specific options. This information includes exemption details, eligibility requirements, maximum amount available, and any additional notes to keep in mind.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Property Tax Exemption | Must own and occupy the property | Up to $20,000 of assessed value | Must file by March 15th |
| Homestead Restoration Tax Credit | Must be making improvements to an existing home | Up to $1,500 per year | Must submit application before starting work |
| Military Service Tax Exemption | Must be an honorably discharged veteran or their surviving spouse | Up to $1,500 of assessed value | Must file by December 20th |
| Property Tax Relief for Low-Income Seniors | Must be 65 or older with an annual income below $19,500 | Up to $2,000 of assessed value | Must file by March 15th |
| Property Tax Relief for Disabled Individuals | Must have a permanent and total disability | Up to $2,000 of assessed value | Must file by March 15th |
| Property Tax Relief for Low-Income Disabled Veterans | Must be a veteran with a permanent and total disability and an annual income below $19,500 | Up to $2,000 of assessed value | Must file by December 20th |
It's important to note that each exemption or deduction may have additional requirements or limitations beyond those listed above. Homeowners should consult with their local government or tax authority for more information on specific programs and how to apply.
By taking advantage of these Homestead exemptions and deductions, Coffey County homeowners can potentially save thousands of dollars on their annual property taxes.
How is Coffey County Property Tax penalty calculated ?
How is Coffey County Property Tax Penalty Calculated?
Coffey County levies property taxes on real estate, personal property, and motor vehicles. The county uses a tiered system to calculate property tax penalties for delinquent payments. The penalty percentage increases every month until the tax bill is paid in full. Here is how the Coffey County property tax penalty is calculated:
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Initial Payment Deadline: Coffey County property taxes are due on December 20th each year. Property owners who fail to make the payment by this deadline will face a penalty.
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First Penalty: The penalty for late payment is 1% of the total tax bill. This penalty is added to the tax bill on January 1st of the following year.
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Second Penalty: If the property tax bill remains unpaid by February 1st, an additional penalty of 2% will be added to the total tax bill.
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Third Penalty: Property owners who fail to pay their taxes by March 1st will incur an additional 3% penalty.
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Final Penalty: If the property tax bill remains unpaid after March 1st, a final 10% penalty will be added to the total bill.
For example, suppose a property owner in Coffey County owes $2,000 in property taxes for the year. If they fail to pay the bill by the December 20th deadline, they will incur a 1% penalty of $20 on January 1st. If the bill remains unpaid by February 1st, an additional 2% penalty of $40 will be added to the total, bringing the tax bill to $2,060. If the bill still remains unpaid by March 1st, another 3% penalty of $61.80 will be added, bringing the total bill to $2,121.80. If the property owner still fails to pay the tax bill after March 1st, a final 10% penalty of $212.18 will be added to the total, bringing the final tax bill to $2,334.98.
It is important for property owners in Coffey County to pay their property taxes on time to avoid incurring penalties. Property owners can pay their taxes online, by mail, or in-person at the Coffey County Treasurer's Office.
We recommend contacting the Coffey County Tax Office or a local tax professional for the most up-to-date and accurate information.