Example of Colquitt County Property Tax Calculation
Colquitt County calculates property taxes based on the assessed value of a property. For example, if a property is assessed at $100,000, and the current tax rate is 2.5%, the property tax would be $2,500 per year.
To calculate the assessed value, the county assessor's office determines the fair market value of the property and applies a percentage based on the property's classification (e.g. residential or commercial). In Colquitt County, residential properties are assessed at 40% of their fair market value, while commercial properties are assessed at 60% of their fair market value.
Once the assessed value is determined, the property tax rate is applied. This rate is set by the county government and can vary from year to year. Property owners in Colquitt County receive a tax bill each year, which includes the assessed value, tax rate, and total amount due.
It's important to note that there are exemptions and credits available to property owners in certain situations, such as homestead exemptions for primary residences. Property owners can contact the county assessor's office for more information on these options.
If you want appeal your property tax assessment - contact your local tax assessor.
Colquitt County Property Tax Rates
Here is a formatted table listing the Colquitt County Property Tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $12.85 |
| City of Doerun | $9.00 |
| City of Moultrie | $10.00 |
| City of Norman Park | $13.00 |
| City of Berlin | $12.50 |
| City of Ellenton | $6.00 |
It is important to note that these rates may vary depending on the specific property and any applicable exemptions or assessments. As a tax advisor, it is recommended to consult with a local tax professional for personalized and up-to-date information.
Who sets property tax rates in Colquitt County ?
Who sets property tax rates in Colquitt County?
The Colquitt County Board of Commissioners is responsible for setting the property tax rates in Colquitt County, Georgia.
When are property tax rates set in Colquitt County?
The property tax rates in Colquitt County are typically set annually as part of the county's budget process. The Board of Commissioners holds public hearings to allow for input and discussion before finalizing the rates.
How are property tax rates determined in Colquitt County?
The property tax rates in Colquitt County are based on the assessed value of a property and the county's budget needs for the upcoming year. The county's Tax Assessor's office determines the assessed value of each property in the county, and the Board of Commissioners sets the tax rates based on the budget needs and revenue projections.
What is the current property tax rate in Colquitt County?
The current property tax rate in Colquitt County is 13.95 mills, or $1,395 per $100,000 of assessed property value. This rate is subject to change each year based on the county's budget needs and revenue projections.
| Taxing Authority | Millage Rate |
|---|---|
| Colquitt County | 13.95 |
| City of Moultrie | 6.50 |
| City of Doerun | 9.00 |
| City of Norman Park | 11.00 |
Note: The above table shows the current millage rates for various taxing authorities in Colquitt County. These rates are used to calculate the property taxes due for each property owner.
Homestead exemptions in Colquitt County ?
To help homeowners in Colquitt County, Georgia navigate through the various Homestead exemptions and deductions available, a comprehensive table with columns for exemption, eligibility, amount, and notes has been created below:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic Homestead Exemption | All homeowners | Up to $2,000 off the assessed value of their property | Must be owner-occupied and the primary residence |
| Senior Citizen Homestead Exemption | Homeowners 65 years or older | Up to $4,000 off the assessed value of their property | Must meet income requirements and be owner-occupied and the primary residence |
| Disabled Veterans Homestead Exemption | Veterans with a disability rating of 100% or unremarried surviving spouses | Up to $63,780 off the assessed value of their property | Must have proof of disability and have a home in Colquitt County |
| Conservation Use Exemption | Property owners with land used for conservation purposes | Varies depending on acreage and use | Must meet certain requirements and be approved by the county board of assessors |
| Preferential Agricultural Assessment | Property owners using land for agricultural purposes | Varies depending on acreage and use | Must meet certain requirements and be approved by the county board of assessors |
It's important to note that some of these exemptions may not stack, and therefore only one exemption may be applied to a property at a time. Additionally, it's recommended that homeowners consult with the Colquitt County tax commissioner's office or a qualified tax professional to ensure they are receiving all the exemptions and deductions they are eligible for.
When is Colquitt County Property Tax due ?
Colquitt County Property Tax is typically due on December 20th each year. Property owners in Colquitt County can pay their property taxes in several ways, including:
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Online: Property owners can pay their property taxes online using a credit or debit card. The online payment system is available 24/7 for convenience.
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In person: Property owners can pay their property taxes in person at the Colquitt County Tax Commissioner’s office located at 101 E Central Ave, Moultrie, GA. The office is open Monday through Friday from 8 AM to 5 PM.
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By mail: Property owners can mail their property tax payments to the Colquitt County Tax Commissioner’s office. The address is Colquitt County Tax Commissioner, PO Box 517, Moultrie, GA 31776. Payments must be postmarked by December 20th to avoid penalties.
It’s important for property owners in Colquitt County to pay their property taxes on time to avoid late fees and penalties. Failure to pay property taxes can result in the county placing a lien on the property or even foreclosing on the property.
If you have more questions - contact your local tax collector.
How is Colquitt County Property Tax penalty calculated ?
When property taxes are not paid on time in Colquitt County, the property owner may be subject to a penalty. The penalty is calculated based on a percentage of the unpaid taxes, and accrues monthly until the taxes are paid in full. Here is an example of how the penalty is calculated:
- Property owner owes $2,000 in property taxes for the year
- Property owner does not pay by the due date of December 20th
- Penalty of 1% is added for each month the taxes are unpaid, starting January 1st
- By February 1st, the penalty is 2% or $40 ($2,000 x 0.01 x 2)
- By March 1st, the penalty is 3% or $60 ($2,000 x 0.01 x 3)
- This continues until the taxes are paid in full, or until the penalty reaches the maximum of 20% of the unpaid taxes
To avoid penalties, it is important for property owners in Colquitt County to pay their property taxes on time.
We recommend contacting the Colquitt County Tax Office or a local tax professional for the most up-to-date and accurate information.