Example of Dukes County Property Tax Calculation
Dukes County property tax calculation is an important aspect of property ownership in Massachusetts. For example, if a property is assessed at $500,000, the owner would pay a total of $4,350 in property taxes per year at the current tax rate of $8.70 per $1,000 of assessed value.
To calculate this, the county tax assessor would multiply the assessed value of the property ($500,000) by the current tax rate ($8.70) to get the total tax due ($4,350). This tax is paid annually in two installments, with the first payment due on November 1st and the second payment due on May 1st.
It's important to note that property tax rates can vary based on factors such as the location, size, and use of the property. Property owners should keep up-to-date with any changes in tax rates and assess their property value regularly to ensure accurate tax calculations.
If you want appeal your property tax assessment - contact your local tax assessor.
Dukes County Property Tax Rates
The Dukes County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General Property Tax | $5.37 |
| Community Preservation Act (CPA) | $0.80 |
| Debt Exclusion Override | Varies by Project |
| Island Housing Trust | $0.02 |
| Vineyard Transit Authority | $0.09 |
Note that the rates may vary depending on specific property characteristics and location. It is recommended to consult with a tax professional for personalized advice on property taxes in Dukes County.
Who sets property tax rates in Dukes County ?
In Dukes County, property tax rates are set by the Board of Assessors annually. They determine the assessed value of each property in the county and calculate the tax rate based on the budgetary needs of the county government and public schools. The tax rate is then approved by the County Commissioners and implemented for the following fiscal year. Homeowners and property owners in Dukes County can find their specific property tax rate by visiting the county assessor's website or contacting their local tax office.
Homestead exemptions in Dukes County ?
To help residents of Dukes County in Massachusetts navigate their Homestead exemptions and deductions, a table has been created below that outlines all the county-specific information. This table includes the following columns:
- Exemption: lists the name of the Homestead exemption or deduction
- Eligibility: explains the requirements that must be met to qualify for the exemption or deduction
- Amount: specifies the monetary value of the exemption or deduction
- Notes: provides any additional information that may be relevant to the exemption or deduction
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic Homestead Exemption | Primary residence in Dukes County | Up to $500,000 | Protects property from creditors |
| Elderly or Disabled Homestead Exemption | Age 65+ or disabled | Up to $1,000 | Protects property from creditors |
| Blind Exemption | Legally blind | Up to $500 | Protects property from creditors |
| Veterans Exemption | Honorably discharged veteran | Up to $400 | Protects property from creditors |
| Surviving Spouse Exemption | Spouse of deceased homeowner | Up to $500,000 | Protects property from creditors |
| Community Preservation Act Exemption | Primary residence in Dukes County | Varies by town | Reduces property taxes |
It's important to note that eligibility requirements and amounts for these Homestead exemptions and deductions may change over time. Residents of Dukes County are encouraged to consult with their local tax assessor's office for the most up-to-date information.
When is Dukes County Property Tax due ?
Dukes County Property Tax is typically due on March 31st every year. There are several methods of payment available to taxpayers:
| Payment Method | Description |
|---|---|
| Online | Taxpayers can pay their property tax online using a credit card or e-check through the Dukes County Treasurer's website. |
| By Mail | Taxpayers can also mail their payment to the Dukes County Treasurer's office along with a check or money order. |
| In Person | Property tax payments can be made in person at the Dukes County Treasurer's office during regular business hours. |
It's important to note that if the due date falls on a weekend or holiday, the deadline is extended to the next business day. Late payments may result in penalties and interest charges, so it's best to ensure that payment is made on time.
If you have more questions - contact your local tax collector.
How is Dukes County Property Tax penalty calculated ?
Dukes County Property Tax Penalty Calculation
The penalty for late payment of Dukes County property taxes is based on a percentage of the amount due. The penalty is calculated as follows:
- On the first day after the due date, a penalty of 8% is assessed on the unpaid taxes.
- On the 31st day after the due date, an additional penalty of 4% is assessed, bringing the total penalty to 12%.
- On the 61st day after the due date, an additional penalty of 4% is assessed, bringing the total penalty to 16%.
For example, if a property owner owes $10,000 in property taxes and fails to pay by the due date, the penalty would be calculated as follows:
- Day 1: $800 penalty (8% of $10,000)
- Day 31: $400 penalty (4% of $10,000), for a total of $1,200
- Day 61: $400 penalty (4% of $10,000), for a total penalty of $1,600
It is important for property owners to pay their property taxes on time to avoid penalties and interest charges. If a property owner is unable to make their payment on time, they should contact the Dukes County Treasurer's Office to discuss payment options and potential penalty waivers or reductions.
We recommend contacting the Dukes County Tax Office or a local tax professional for the most up-to-date and accurate information.