Example of Coos County Property Tax Calculation
Coos County Property Tax is calculated by multiplying the assessed value of a property by the tax rate. For example, if a property in Coos County is assessed at $200,000 and the tax rate is 1.5%, the property tax would be $3,000 ($200,000 x 0.015). It's important to note that the assessed value may not be the same as the market value of the property. The tax rate is set by the county and may vary from year to year. Property owners should receive a tax bill from the county each year with the amount due.
If you want appeal your property tax assessment - contact your local tax assessor.
Coos County Property Tax Rates
Here is a formatted table of Coos County Property Tax Rates with their corresponding rates per $100 of assessed value:
| Tax | Rate per $100 Assessed Value |
|---|---|
| General Property Tax | $1.24 |
| School District Tax | $3.54 |
| State School Fund Tax | $0.55 |
| County Jail Tax | $0.35 |
| Road District Tax | $0.60 |
| Oregon Health Authority Tax | $0.02 |
| Coos Bay Urban Renewal Tax | $0.65 |
| Coos County Urban Renewal Tax | $0.65 |
Please note that these rates are subject to change and may vary based on individual property assessments. It is recommended to consult a tax professional for further guidance.
Who sets property tax rates in Coos County ?
In Coos County, property tax rates are set by the County Board of Commissioners. This typically occurs during a public meeting held annually in the fall, before tax bills are distributed. The County Board of Commissioners reviews the county's budget and determines the amount of revenue needed to fund county services and operations. Property tax rates are then calculated based on the assessed value of each property within the county. This rate can vary between different areas and can change from year to year. Property owners within Coos County can view their current property tax rate by visiting the county's website or contacting the County Assessor's Office.
Homestead exemptions in Coos County ?
To help the residents of Coos County, Oregon, understand their property tax exemptions and deductions, the following table outlines each applicable exemption or deduction alongside its eligibility requirements, maximum amount, and any important notes to keep in mind.
| Exemption/Deduction | Eligibility | Maximum Amount | Notes |
|---|---|---|---|
| Homestead exemption | Any homeowner who occupies their primary residence | up to $50,000 in assessed value | Must apply by April 1st of each year |
| Senior/Disabled Citizen exemption | Homeowners who are at least 62 years old or permanently disabled | up to $27,000 in assessed value | Must apply by April 1st of each year |
| Veterans' exemption | Veterans who were honorably discharged or their surviving spouses | up to $23,716 in assessed value | Must apply by April 1st of each year |
| Farm deferral | Owners of farmland who meet certain criteria | Defers taxes until the farm is sold or no longer qualifies for deferral | Must apply by April 1st of each year |
| Forestland deferral | Owners of at least 10 acres of forestland who meet certain criteria | Defers taxes until the forest is sold or no longer qualifies for deferral | Must apply by April 1st of each year |
It is important to note that these exemptions and deductions are specific to Coos County in Oregon and may differ from those in other counties or states. Homeowners in Coos County should ensure they meet the eligibility requirements and apply for these exemptions by the April 1st deadline to take advantage of any potential tax savings.
When is Coos County Property Tax due ?
Coos County Property Tax is typically due on November 15th of each year. There are several payment methods available to taxpayers in Coos County. These include:
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Online Payments: Taxpayers can pay their property tax online using a credit or debit card. This can be done by visiting the Coos County website and following the instructions provided.
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Mail: Taxpayers can also make payment by mailing a check or money order to the Coos County Tax Collector's Office.
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In-Person: Taxpayers can pay their property tax in person at the Coos County Tax Collector's Office. This option is available during regular business hours.
It is important to note that late payments are subject to penalties and interest. Therefore, taxpayers are encouraged to pay their property tax on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Coos County Property Tax penalty calculated ?
Coos County Property Tax Penalty Calculation
Coos County, located in the state of Oregon, charges a penalty for late payment of property taxes. The penalty is calculated based on a percentage of the unpaid taxes and increases over time. Here is a breakdown of how the penalty is calculated:
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Initial Penalty: If the property taxes are not paid by November 15th, a penalty of 3% of the unpaid taxes is added to the bill.
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Additional Penalty: If the taxes are still unpaid by May 15th of the following year, an additional penalty is added. The amount of this penalty varies based on the total amount of unpaid taxes:
- If the total unpaid taxes are less than $1,500, the additional penalty is 2%.
- If the total unpaid taxes are between $1,500 and $5,000, the additional penalty is 5%.
- If the total unpaid taxes are more than $5,000, the additional penalty is 10%.
- Maximum Penalty: If the taxes are still unpaid by June 30th, the penalty increases to a maximum of 15% of the unpaid taxes.
Example:
Let's say a property owner in Coos County has an annual property tax bill of $10,000. If they do not pay by November 15th, they will be charged an initial penalty of $300 (3% of $10,000). If they still do not pay by May 15th of the following year, they will be charged an additional penalty of $500 (5% of $10,000). The total penalty would then be $800 (initial penalty of $300 plus additional penalty of $500).
If the property owner still does not pay by June 30th, the penalty would increase to a maximum of $1,500 (15% of $10,000). This would bring the total amount owed to $11,500 ($10,000 in taxes plus $1,500 in penalties).
It's important to note that property owners are responsible for paying their taxes on time to avoid these penalties. If you have any questions about your property tax bill or penalty calculation, it's best to contact the Coos County Tax Collector's office for assistance.
We recommend contacting the Coos County Tax Office or a local tax professional for the most up-to-date and accurate information.