Example of Dewitt County Property Tax Calculation
In Dewitt County, property tax is calculated based on the assessed value of the property. To determine the assessed value, the county assessor evaluates the property and assigns a value based on its condition and location.
Once the assessed value is determined, the tax rate is applied to calculate the annual property tax. For example, if the assessed value of a property is $100,000 and the tax rate is 2.5%, the annual property tax would be $2,500.
It's important to note that property tax rates can vary depending on the location within Dewitt County and any applicable special assessments or exemptions. Property owners can contact the Dewitt County Assessor's Office for more information on their specific property tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Dewitt County Property Tax Rates
Table of Dewitt County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.5950 |
| School Tax | $1.0489 |
| City Tax | $0.3900 (Clinton) / $0.7200 (Farmer City) |
| Township Tax | Varies by township |
The above table lists the property tax rates for Dewitt County. The county tax rate is $0.5950 per $100 of assessed value, while the school tax rate is $1.0489 per $100 of assessed value. The city tax rate varies depending on the location, with Clinton having a rate of $0.3900 per $100 of assessed value and Farmer City having a rate of $0.7200 per $100 of assessed value. The township tax rate varies by township within the county.
Who sets property tax rates in Dewitt County ?
Who sets property tax rates in Dewitt County?
The Dewitt County Board of Supervisors is responsible for setting property tax rates in Dewitt County, in the state of Illinois, USA.
When are property tax rates set in Dewitt County?
The property tax rates in Dewitt County are typically set annually in the fall, after the county board receives the tax levy request from each taxing district within the county.
The board then reviews and approves the levy request and determines the property tax rates for the coming year.
It is important to note that property taxes are due in two installments, with the first installment due on June 1st and the second installment due on September 1st.
The property tax rates in Dewitt County can vary from year to year based on a variety of factors, including changes in the county budget, assessed property values, and the tax levy requests from individual taxing districts.
Homestead exemptions in Dewitt County ?
To provide helpful information for homeowners in Dewitt County, Texas, we have compiled a table of all county-specific Homestead exemptions and deductions. The table includes the exemption name, eligibility requirements, amount of exemption or deduction, and any important notes to keep in mind.
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | owner-occupied primary residence | $25,000 | - |
| Over 65 or Disabled Person Exemption | age 65 or older OR disabled | $10,000 | Must apply for exemption with the county appraisal district |
| Veterans Exemption | honorably discharged veteran or surviving spouse | $5,000 | Must have served in a war or conflict as defined by the Texas Constitution |
| Disabled Veteran Exemption | 100% disabled veteran or surviving spouse | 100% exemption of assessed value | Must have received a 100% disability rating from the VA |
| Agricultural Use Exemption | land used for agriculture | varies | Must meet certain criteria set by the state and county |
| Special Inventory Exemption | inventory used by a business, including raw materials and finished products | varies | Must meet certain criteria set by the state and county |
Homeowners in Dewitt County should take advantage of these exemptions and deductions where applicable to lower their property taxes. Remember to check with the county appraisal district for eligibility and application requirements.
When is Dewitt County Property Tax due ?
Dewitt County Property Tax is typically due on January 31st of each year. There are several payment methods available for taxpayers in Dewitt County to pay their property taxes.
Payment Methods
| Method | Description |
|---|---|
| Mail-In Payment | Taxpayers can mail their payment to the Dewitt County Treasurer's Office. The address is located on the tax bill that is mailed to the taxpayer. |
| In-Person Payment | Taxpayers can make their payment in person at the Dewitt County Treasurer's Office. The office is located at 201 W. Washington St., Clinton, IL 61727. |
| Online Payment | Taxpayers can pay their property taxes online by visiting the Dewitt County website and clicking on the "Online Payments" tab. There is a convenience fee for using this service. |
| Automatic Payment | Taxpayers can sign up for automatic payment through their bank or credit union. This option allows the taxpayer to have their property taxes automatically deducted from their account on a specified date. |
It is important for taxpayers to make their property tax payment on time to avoid penalties and interest charges. If a taxpayer is unable to pay their property taxes in full by the due date, they may be able to set up a payment plan with the Dewitt County Treasurer's Office.
If you have more questions - contact your local tax collector.
How is Dewitt County Property Tax penalty calculated ?
Dewitt County Property Tax Penalty Calculation
In Dewitt County, property taxes are due on January 31st of each year. If the taxes are not paid by this deadline, penalties and interest begin to accrue. The penalty for late payment is calculated as a percentage of the unpaid taxes:
- February 1st through March 1st: 1%
- March 2nd through April 1st: 2%
- April 2nd through May 1st: 3%
- May 2nd through June 1st: 4%
- After June 1st: 5%
Example:
Let's say that John owns a property in Dewitt County and his total property taxes due for the year are $3,000. John fails to pay his taxes by the January 31st deadline.
On February 1st, a penalty of 1% ($30) is added to his balance, bringing his total due to $3,030. If he still does not pay by March 1st, an additional 2% ($60) is added to his balance, bringing his total due to $3,090.
If John waits until June 2nd to pay his taxes, he will owe a total penalty of 5% ($150), as well as interest on the unpaid balance.
It's important to note that if John does not pay his property taxes at all, the county may initiate foreclosure proceedings on his property. Therefore, it's crucial to pay property taxes on time to avoid penalties, interest, and potential legal consequences.
We recommend contacting the Dewitt County Tax Office or a local tax professional for the most up-to-date and accurate information.