Example of Dickenson County Property Tax Calculation
To calculate the property tax in Dickenson County, one needs to first determine the assessed value of the property. This is done by multiplying the fair market value of the property by the assessment ratio, which is currently set at 100%.
Next, the tax rate for the county is applied to the assessed value. For example, if the tax rate is 1%, and the assessed value of the property is $100,000, the property tax would be $1,000.
It's important to note that there may be additional taxes and fees imposed by other entities, such as the school board or local government. These will also need to be factored in when calculating the total property tax.
Overall, understanding the property tax calculation in Dickenson County can be complex, but it's important for property owners to be aware of how their taxes are calculated and how they can potentially lower their tax burden.
If you want appeal your property tax assessment - contact your local tax assessor.
Dickenson County Property Tax Rates
Here is a table showing the property tax rates for Dickenson County in US dollars per $100 of assessed value:
| Tax | Rate per $100 Assessed Value |
|---|---|
| Real Estate | $0.66 |
| Personal | $1.60 |
| Machinery | $2.00 |
| Mobile Homes | $0.66 |
It is important to note that these rates may be subject to change and that property owners should consult with a tax professional or the local county tax office for the most up-to-date information.
Who sets property tax rates in Dickenson County ?
In Dickenson County, property tax rates are set by the Board of Supervisors during their annual budget process. This board consists of five elected officials who represent different districts within the county. The budget process typically takes place in the spring and is open to public input. The board considers factors such as revenue needs, economic conditions, and mandated expenses when setting the tax rates. Once the rates are set, property owners in Dickenson County receive a bill with the assessed value of their property and the corresponding tax amount due.
When is Dickenson County Property Tax due ?
Dickenson County Property Tax is typically due on December 5th of each year. However, if that date falls on a weekend or holiday, the due date will be the next business day.
There are several payment methods available to taxpayers:
- In person: Payments can be made in person at the Dickenson County Treasurer's Office located at 133 Main Street, Clintwood, VA 24228. Cash, checks and money orders are accepted.
- By mail: Payments can be mailed to the Dickenson County Treasurer's Office at P.O. Box 307, Clintwood, VA 24228. Checks and money orders are accepted. The payment must be postmarked by December 5th to avoid penalties.
- Online: Payments can be made online through the county's website, www.dickensoncountyva.gov. Credit and debit cards are accepted, with a convenience fee added to the payment amount.
It's important to note that late payments will result in penalties and interest being added to the total amount due. If taxpayers have any questions or concerns, they are encouraged to contact the Dickenson County Treasurer's Office at (276) 926-1646.
If you have more questions - contact your local tax collector.
Homestead exemptions in Dickenson County ?
The following table lists all county-specific Homestead exemptions and deductions available in Dickenson County, Virginia:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly or Disabled | Age 65 or older or permanently disabled | UP TO $30,000 | Must file an application with the Commissioner of Revenue |
| Disabled Veteran | Honorably Discharged and 100% service-connected disability | UP TO $10,000 | Must provide proof of disability to the Commissioner of Revenue |
| Surviving Spouse of a Veteran | Surviving spouse of a veteran who died on active duty or as a result of service-connected disability | UP TO $10,000 | Must provide proof of eligibility to the Commissioner of Revenue |
| Blind or Disabled | Blind or permanently disabled | UP TO $10,000 | Must file an application with the Commissioner of Revenue |
| Pollution Control Equipment | Property owner who installs equipment for pollution control | 100% exemption | Must file an application with the Commissioner of Revenue |
| Machinery and Tools | All taxpayers | UP TO $10,000 | Applies to qualifying machinery and tools used in manufacturing, mining or processing |
| Merchant's Capital | All taxpayers | UP TO $10,000 | Applies to property used in a mercantile business |
It is important to note that some of these exemptions and deductions require the property owner to file an application with the Commissioner of Revenue. Additionally, some exemptions have a maximum amount that can be claimed. Overall, these exemptions and deductions can greatly reduce the property tax burden for eligible taxpayers in Dickenson County.
How is Dickenson County Property Tax penalty calculated ?
Dickenson County Property Tax Penalty Calculation
The property tax penalty in Dickenson County is calculated based on the amount of tax owed and the number of months it remains unpaid. The penalty rate for late payments is 10% of the unpaid taxes for the first month, and an additional 10% for each additional month the taxes remain unpaid.
For example, if a property owner owes $1,000 in property taxes and fails to pay by the due date, they will incur a penalty of $100 for the first month. If they still have not paid after two months, the penalty will increase to $200 (10% of the original $1,000 plus 10% of the first penalty). This means they will owe a total of $1,300 ($1,000 in taxes plus $300 in penalties) after two months.
To avoid penalties, property owners in Dickenson County should ensure they pay their property taxes on time or set up a payment plan with the County Treasurer. It is important to note that failure to pay property taxes can result in the County placing a lien on the property or even foreclosure.
Summary:
- Penalty rate for late payments is 10% of the unpaid taxes for the first month
- An additional 10% penalty for each additional month the taxes remain unpaid
- Property owners should pay taxes on time or set up a payment plan with the County Treasurer to avoid penalties and potential foreclosure.
| Month | Unpaid Taxes | Penalty | Total Owed |
|---|---|---|---|
| 1 | $1,000 | $100 | $1,100 |
| 2 | $1,000 | $200 | $1,300 |
| 3 | $1,000 | $300 | $1,600 |
We recommend contacting the Dickenson County Tax Office or a local tax professional for the most up-to-date and accurate information.