Example of Duval County Property Tax Calculation
Duval County Property Tax Calculation Example for a 10-Year-Old:
Duval County is located in Florida, and property taxes are used to fund local services like schools, parks, and emergency services. Let's say that a family in Duval County owns a home that has a taxable value of $150,000.
To calculate their property tax bill, the county uses a rate called the millage rate, which is expressed in "mills" or tenths of a penny. In Duval County, the millage rate for 2021 is 18.4457 mills.
To get the tax amount, we need to use a simple formula: taxable value x millage rate / 1,000. So for our example, it would be:
$150,000 x 18.4457 / 1,000 = $2,716.36
This means that the family would owe $2,716.36 in property taxes for the year. However, it's important to note that there may be additional fees or exemptions that could affect the final amount owed.
It's also important to understand that property taxes can change from year to year based on factors like changes in the millage rate or changes in the assessed value of the property. It's always a good idea to stay informed about your property taxes and how they impact your community.
If you want appeal your property tax assessment - contact your local tax assessor.
Duval County Property Tax Rates
Here is a table listing the Duval County Property Tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Countywide General Fund | $0.7750 |
| Countywide O&M | $0.1000 |
| School Board Operating | $5.2230 |
| School Board Debt Service | $0.5470 |
| City of Jacksonville General Fund | $0.1198 |
| City of Jacksonville Pension | $0.1480 |
| City of Jacksonville O&M | $0.2231 |
| City of Jacksonville Fire Rescue | $0.1299 |
Note: These rates are for the 2021 tax year and are subject to change in future years.
Who sets property tax rates in Duval County ?
Property Tax Rates in Duval County, USA
In Duval County, the property tax rates are set by the following entities:
| Entity | Role |
|---|---|
| Duval County Property Appraiser | Determines the value of the property |
| Duval County Board of County Commissioners | Approves the millage rate |
The millage rate is the amount of tax per $1,000 of assessed value. The Board of County Commissioners approves the millage rate annually in September, after holding public hearings to gather input from residents.
It is important to note that the property tax rates vary depending on the location and use of the property. For example, residential properties are taxed at a different rate than commercial properties or vacant land.
Overall, property tax rates in Duval County are an important source of revenue for local government services, including schools, law enforcement, and road maintenance.
Homestead exemptions in Duval County ?
In Duval County, Texas, there are several Homestead exemptions and deductions available to eligible homeowners. Here are the details for each of them:
Homestead Exemptions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Any homeowner who uses their property as their primary residence | Up to 20% of the property's value | This exemption is automatically applied to all eligible homeowners in Texas |
| Disabled Person | Any homeowner who has a disability | Up to $10,000 of the property's value | The homeowner must provide proof of disability to the county appraisal district |
| Over 65 | Any homeowner who is 65 years of age or older | Up to $10,000 of the property's value | The homeowner must provide proof of age to the county appraisal district |
| Surviving Spouse | Any homeowner who is the surviving spouse of a person who was eligible for a Homestead exemption | Up to $10,000 of the property's value | The surviving spouse must provide proof of their spouse's eligibility to the county appraisal district |
Deductions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| School Tax | Any homeowner who is eligible for a Homestead exemption | Up to $25,000 of the property's value | This deduction is automatically applied to all eligible homeowners in Texas |
| County Tax | Any homeowner who is eligible for a Homestead exemption | Up to 20% of the county's average appraised value for residential properties | This deduction is automatically applied to all eligible homeowners in Duval County |
It's important to note that while these exemptions and deductions can provide significant savings on property taxes, homeowners must apply for them with the county appraisal district. Homeowners should also keep in mind that the eligibility requirements and amounts may vary in other counties and states.
When is Duval County Property Tax due ?
Duval County Property Tax is typically due on April 1st of each year. Taxpayers have until April 30th to pay their property taxes before penalties and interests accrue.
There are several payment methods available for taxpayers in Duval County. They can pay their property taxes online through the Duval County Tax Collector's website, by mail, in-person at the Tax Collector's office, or through their mortgage company.
The table below summarizes the different payment methods and their respective deadlines:
| Payment Method | Deadline |
|---|---|
| Online | April 30th |
| By Mail | Postmarked by April 30th |
| In-person | April 30th |
| Through Mortgage Company | Varies by lender |
Taxpayers who choose to pay their property taxes online can use a credit card, debit card, or eCheck. However, they will be charged a convenience fee by the payment processor.
In summary, Duval County Property Tax is due on April 1st, and taxpayers can pay their taxes through various methods, including online, by mail, in-person, or through their mortgage company.
If you have more questions - contact your local tax collector.
How is Duval County Property Tax penalty calculated ?
Introduction: Duval County property tax penalty is a fee imposed on property owners who fail to pay their property taxes on time. The penalty is calculated based on a set percentage of the delinquent tax amount.
Calculation of Duval County Property Tax Penalty: Duval County property tax penalty is calculated as follows:
- The penalty for late payment is 3% of the unpaid taxes if paid within 30 days of the due date.
- If the taxes are still not paid after 30 days, an additional penalty of 1.5% will be charged each month until the taxes are paid in full.
- The maximum penalty that can be charged is 18% of the unpaid taxes.
Example: To better understand how the Duval County property tax penalty is calculated, let's look at the following example:
- The property owner owes $3,000 in property taxes for the year.
- The due date for payment is January 31st, but the owner fails to pay on time.
- After 30 days, the owner decides to pay the unpaid taxes on March 1st, which is 30 days late.
The penalty calculation for the late payment is as follows:
- 3% for the first 30 days: $3,000 x 0.03 = $90
- 1.5% for each additional month: $3,000 x 0.015 = $45 (for the month of February)
- Total penalty: $90 + $45 = $135
Therefore, the property owner must pay the original balance of $3,000 plus the additional penalty of $135, for a total of $3,135.
Conclusion: It is important for property owners to pay their property taxes on time to avoid penalties and additional fees. Understanding how the Duval County property tax penalty is calculated can help property owners budget and plan for their payments appropriately.
We recommend contacting the Duval County Tax Office or a local tax professional for the most up-to-date and accurate information.