Example of Comanche County Property Tax Calculation
Comanche County Property Tax is calculated based on the assessed value of the property. In order to determine the assessed value, the County Assessor's Office evaluates the property every year. The assessed value is then multiplied by the current tax rate to determine the property tax owed.
For example, if a property in Comanche County has an assessed value of $100,000 and the current tax rate is 1.3%, the property tax owed would be $1,300.
It's important to note that the tax rate can vary based on different factors such as school districts, cities, and other local entities. Therefore, the property tax amount can vary depending on the exact location of the property.
It's recommended to consult with the Comanche County Assessor's Office or a tax professional for more information on specific property tax calculations.
If you want appeal your property tax assessment - contact your local tax assessor.
Comanche County Property Tax Rates
The Comanche County Property Tax rates for the year 2021 are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.3700 |
| County Road and Bridge Fund | $0.1200 |
| Health Department Fund | $0.0050 |
| Emergency Management Fund | $0.0075 |
| Law Library Fund | $0.0022 |
| County Building Fund | $0.0400 |
| County Fair Fund | $0.0100 |
| General Obligation Bond Fund | $0.0150 |
Note that these rates are subject to change annually and may vary based on individual property assessments. It is important to consult with a professional tax advisor for specific information regarding property taxes.
Who sets property tax rates in Comanche County ?
Who sets property tax rates in Comanche County?
The Comanche County Commissioners Court sets the property tax rates for the county. The Commissioners Court is comprised of four county commissioners and a county judge. They are responsible for assessing the county's budgetary needs and determining the tax rates necessary to meet those needs.
When are property tax rates set in Comanche County?
Property tax rates in Comanche County are typically set annually in the late summer or early fall, prior to the start of the fiscal year on October 1st. The exact timing of the rate setting process can vary somewhat from year to year, but the Commissioners Court typically holds public hearings and votes on the proposed tax rates during this time.
How are property tax rates determined in Comanche County?
The property tax rates in Comanche County are determined by a number of factors, including the county's budgetary needs, the assessed value of property in the county, and any changes in state or federal tax laws that may impact local tax rates. The Commissioners Court considers input from county departments, local residents, and other stakeholders in the rate setting process, and strives to strike a balance between funding essential services and maintaining affordable tax rates for property owners.
Homestead exemptions in Comanche County ?
To provide readers with a comprehensive list of all county-specific Homestead exemptions and deductions in Comanche County, Texas, the following table has been created with four columns - exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Residence Homestead Exemption | All residents | Up to $25,000 | Must apply between January 1st and April 30th of the tax year |
| Age 65 or Older Exemption | Residents 65 or older | Up to $10,000 | Must provide proof of age |
| Disabled Person Exemption | Disabled residents | Up to $10,000 | Must provide proof of disability |
| Disabled Veteran Exemption | Disabled veterans | Up to $12,000 | Must provide proof of disability and veteran status |
| Over-65 Surviving Spouse Exemption | Surviving spouse of resident 65 or older | Up to $10,000 | Must provide proof of age and spousal relationship |
| Disabled Veteran's Surviving Spouse Exemption | Surviving spouse of disabled veteran | Up to $12,000 | Must provide proof of disability, veteran status, and spousal relationship |
It's important to note that eligibility and amount may vary depending on individual circumstances and certain exemptions may have specific application requirements. Residents are encouraged to reach out to the Comanche County Tax Office for more information on Homestead exemptions and deductions.
When is Comanche County Property Tax due ?
Comanche County Property Tax is typically due on December 31st of each year. However, if that date falls on a weekend or holiday, the due date may be extended to the next business day. It is important to note that failure to pay property taxes on time can result in penalties and interest fees.
Payment methods for Comanche County Property Tax include:
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Online: Property owners can pay their taxes online through the Comanche County Treasurer's website. This method allows for payments to be made with a credit card or electronic check.
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Mail: Property owners can mail their tax payments to the Comanche County Treasurer's Office. The address can be found on the tax statement.
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In Person: Property owners can make their tax payments in person at the Comanche County Treasurer's Office. Cash, checks, and money orders are accepted.
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Drop Box: Property owners can also drop off their tax payments in the drop box located outside of the Comanche County Courthouse.
In summary, Comanche County Property Tax is typically due on December 31st and can be paid online, by mail, in person, or through a drop box. It is important for property owners to pay their taxes on time to avoid penalties and interest fees.
If you have more questions - contact your local tax collector.
How is Comanche County Property Tax penalty calculated ?
Comanche County Property Tax Penalty Calculation
If a property owner in Comanche County fails to pay their property taxes on time, a penalty will be assessed. The penalty is calculated based on the delinquent tax amount and the amount of time that has passed since the payment deadline. Here is how the penalty is calculated:
- Delinquent Tax Amount:
The delinquent tax amount is the total amount of property taxes that the owner has failed to pay on-time. This includes both the base tax amount and any applicable penalties assessed in prior years.
- Interest Rate:
The interest rate applied to the delinquent tax amount is determined by the state government of Oklahoma. For Comanche County, the interest rate is set at 1.5% per month (18% per year) of the unpaid balance.
- Penalty Amount:
The penalty is calculated by multiplying the delinquent tax amount by the interest rate. For example, if a property owner owes $1,000 in property taxes and fails to pay on time, the penalty for the first month would be $15 ($1,000 x 1.5%). If the property owner still fails to pay after one month, the penalty for the second month would be $15 plus the interest on the original $1,000 plus the first month's penalty, which would be a total of $31.50 ($1,045 x 1.5%).
It is important to note that the penalty will continue to accrue until the delinquent taxes are paid in full. Additionally, if a property owner fails to pay their property taxes for multiple years, the penalty can quickly add up, making it more difficult to bring the account current.
In summary, the Comanche County Property Tax Penalty is calculated as follows:
| Step | Calculation | Example |
|---|---|---|
| 1. | Delinquent Tax Amount | $1,000 |
| 2. | Interest Rate | 1.5% per month |
| 3. | Penalty Amount | $15 for 1st month, $31.50 for 2nd month, and so on |
It is recommended that property owners make every effort to pay their property taxes on time to avoid accruing penalties and interest.
We recommend contacting the Comanche County Tax Office or a local tax professional for the most up-to-date and accurate information.