Example of Crittenden County Property Tax Calculation
In Crittenden County, property taxes are calculated based on the assessed value of a property. To determine the assessed value, the County Assessor's Office evaluates the property and assigns a value based on various factors such as location, size, and condition.
Once the assessed value is determined, it is then multiplied by the county’s tax rate to calculate the property tax owed. For example, if the assessed value of a property in Crittenden County is $100,000 and the current tax rate is 1%, then the property tax owed would be $1,000.
It's important to note that property owners may be eligible for exemptions or discounts on their property taxes, such as homestead exemptions or senior citizen discounts. Property owners can contact the Crittenden County Assessor’s Office for more information on these options.
In summary, Crittenden County property taxes are determined by the assessed value of the property, which is multiplied by the county’s tax rate. Property owners may also be eligible for exemptions or discounts, which can lower their property tax bill.
If you want appeal your property tax assessment - contact your local tax assessor.
Crittenden County Property Tax Rates
The following table lists the Crittenden County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.985 |
| County Road | $0.185 |
| County Library | $0.200 |
| County Solid Waste | $0.195 |
| West Memphis School | $3.78 |
| Earle School | $3.60 |
| Marion School | $3.35 |
| Mid-South Community College | $0.400 |
It is important to note that these rates may vary depending on the specific location and classification of the property. As a tax advisor, it is recommended to consult with local authorities or a professional for accurate and up-to-date information.
Who sets property tax rates in Crittenden County ?
Property Tax Rates in Crittenden County
- Who sets the property tax rates in Crittenden County?
The property tax rates in Crittenden County are set by the Crittenden County Quorum Court, which is the legislative body of the county.
- When are the property tax rates set in Crittenden County?
The property tax rates in Crittenden County are set annually, typically in the fall, as part of the county's budget process. Once the budget is approved by the Quorum Court, the tax rates are then applied to property values in the county.
- How are property tax rates calculated in Crittenden County?
The property tax rates in Crittenden County are calculated based on the assessed value of a property and the millage rate, which is the rate of taxation per one thousand dollars of assessed value. The millage rate is set by the Quorum Court and varies depending on the location and type of property.
- What is the current property tax rate in Crittenden County?
The current property tax rate in Crittenden County varies depending on the location and type of property. For example, the current millage rate for residential properties in West Memphis is 45.0 mills while the millage rate for commercial properties in Marion is 55.0 mills. Property owners can contact the Crittenden County Assessor's Office for more information about their specific property tax rate.
Homestead exemptions in Crittenden County ?
To assist homeowners in Crittenden County, Kentucky in understanding Homestead exemptions and deductions, we've compiled a table of all county-specific information. Below are the columns included in the table:
| Column | Description |
|---|---|
| Exemption | A brief explanation of the exemption or deduction available |
| Eligibility | The requirements homeowners must meet to be eligible for the exemption or deduction |
| Amount | The monetary value of the exemption or deduction |
| Notes | Any additional information that may be helpful for homeowners to know |
Homestead Exemptions and Deductions in Crittenden County, Kentucky
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Must own and occupy the property as a primary residence as of January 1st of the current tax year | Up to $39,300 of assessed value | If the assessed value of the property exceeds the exemption amount, the homeowner will only be taxed on the difference |
| Disability Exemption | Must have a permanent disability, as determined by the Social Security Administration or the Veterans Administration, and own and occupy the property as a primary residence | Up to $37,600 of assessed value | If the assessed value of the property exceeds the exemption amount, the homeowner will only be taxed on the difference |
| Veterans Exemption | Must be a veteran who has served active duty for at least 90 days and received an honorable discharge, and own and occupy the property as a primary residence | Up to $12,900 of assessed value | If the assessed value of the property exceeds the exemption amount, the homeowner will only be taxed on the difference |
| Surviving Spouse Exemption | Must be a surviving spouse of a veteran who received an exemption, and own and occupy the property as a primary residence | Up to $12,900 of assessed value | If the assessed value of the property exceeds the exemption amount, the homeowner will only be taxed on the difference |
Homeowners in Crittenden County should take advantage of these exemptions and deductions to help reduce their property tax burden. It's important to note that additional requirements and limitations may apply, so homeowners are encouraged to contact the Crittenden County property tax office for more information.
When is Crittenden County Property Tax due ?
In Crittenden County, property tax payments are typically due on October 15th each year. Property owners can pay their taxes through various methods, including:
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Online: Payments can be made through the Crittenden County Treasurer's Office website using a credit card or e-check.
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By mail: Payments can be mailed to the Crittenden County Treasurer's Office along with a check or money order.
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In person: Payments can be made in person at the Crittenden County Treasurer's Office using cash, check, or credit card.
It is important to note that late payments may incur penalties and interest charges. Property owners should also ensure that they have received their tax bill in a timely manner and verify that the amount due is accurate.
If you have more questions - contact your local tax collector.
How is Crittenden County Property Tax penalty calculated ?
Crittenden County Property Tax Penalty Calculation
Property owners in Crittenden County must pay property taxes on their real estate each year, and penalties are assessed for late payments. The penalty is determined by a formula that varies depending on the length of time the payment is overdue.
The penalty for late payment is calculated as a percentage of the unpaid tax amount. The penalty rate is 10% of the unpaid tax amount if the payment is less than 30 days late. If the payment is between 30 and 60 days late, the penalty increases to 15% of the unpaid tax amount. After 60 days, the penalty increases to 20% of the unpaid tax amount.
For example, suppose a property owner in Crittenden County owes $1,000 in property taxes for the current year. If they pay the tax within 30 days of the due date, no penalty will be assessed. If they pay the tax 45 days after the due date, the penalty will be $150 (15% of $1,000). If they pay the tax 90 days after the due date, the penalty will be $200 (20% of $1,000). In this case, the total amount due would be $1,350 ($1,000 + $150 penalty + $200 penalty).
It is important to pay property taxes on time to avoid penalties and additional fees. Property owners can pay their taxes online, in person, or by mail. The Crittenden County Treasurer's Office can provide more information on how to pay property taxes and how to calculate penalties.
We recommend contacting the Crittenden County Tax Office or a local tax professional for the most up-to-date and accurate information.