Example of Falls County Property Tax Calculation
One example of how Falls County property tax is calculated is by multiplying the assessed value of the property by the current tax rate.
For instance, let's say a home in Falls County has an assessed value of $100,000 and the current tax rate is 1.5%. To calculate the property tax, simply multiply $100,000 by 0.015 (which represents 1.5% as a decimal).
Therefore, the property tax for this home in Falls County would be $1,500 (100,000 x 0.015). This amount is then typically divided into two payments made throughout the year.
It is important to note that property tax rates can vary depending on the jurisdiction and any applicable exemptions or deductions.
If you want appeal your property tax assessment - contact your local tax assessor.
Falls County Property Tax Rates
The following table lists the Falls County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.60 |
| City | $0.50 |
| School District | $1.30 |
| Hospital District | $0.12 |
| Emergency Service District | $0.10 |
It is important to note that these rates may vary depending on the specific location and property. Therefore, it is recommended to consult with a licensed tax professional for accurate and personalized information.
Who sets property tax rates in Falls County ?
Who Sets Property Tax Rates in Falls County?
The property tax rates in Falls County are set by the County Commissioners' Court, which is composed of five elected officials who serve four-year terms.
When Are Property Tax Rates Set in Falls County?
Property tax rates in Falls County are set annually during the budget process, which usually takes place in August or September. The Commissioners' Court holds public hearings to discuss the proposed budget and tax rates, and residents are encouraged to attend and provide input.
Summary
- Property tax rates in Falls County are set by the County Commissioners' Court
- The Commissioners' Court is composed of five elected officials
- Property tax rates are set annually during the budget process
- The budget process usually takes place in August or September
- Public hearings are held to discuss the proposed budget and tax rates
Homestead exemptions in Falls County ?
To ensure that eligible homeowners in Falls County, Texas receive the appropriate tax exemptions and deductions, here is a table that outlines the county-specific Homestead exemptions and deductions:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Residence Homestead Exemption | Owner-occupied homes | Up to 20% of the property's value | Maximum exemption amount is $25,000 |
| Over-65 Homestead Exemption | Homeowners over the age of 65 | Up to $10,000 | Property must be the primary residence |
| Disabled Person Homestead Exemption | Homeowners with disabilities | Up to $10,000 | Property must be the primary residence |
| Veterans Homestead Exemption | Veterans with disabilities or surviving spouses | Up to $12,000 | In addition to any other exemptions |
| Agricultural Land Exemption | Agricultural land used for farming or ranching | Up to 95% of the property's value | Property must meet specific qualifications |
| Timber Land Exemption | Land primarily used for timber production | Up to 100% of the property's value | Property must meet specific qualifications |
| Goods-In-Transit Exemption | Goods in transit | Exempt from taxation | Applies to goods being transported through the county |
It's important to note that these exemptions and deductions are county-specific and subject to change. Homeowners in Falls County should contact the county's tax assessor-collector's office for more information on how to apply for these exemptions and deductions.
When is Falls County Property Tax due ?
In Falls County, Texas, property taxes are typically due on January 31st of each year. It is important for property owners to make timely payments to avoid penalties and interest charges.
There are several methods of paying property taxes in Falls County:
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In person: Property owners can go to the Falls County Tax Assessor-Collector's office and pay in person. The office is located at 125 Bridge St in Marlin, TX.
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By mail: Property owners can mail their payments to the Falls County Tax Assessor-Collector's office. The mailing address is P.O. Box 458, Marlin, TX 76661.
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Online: Property owners can pay their taxes online using a credit/debit card or electronic check through the Falls County Tax Assessor-Collector's website. They can also set up automatic payments through the website.
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By phone: Property owners can call the Falls County Tax Assessor-Collector's office and pay over the phone using a credit/debit card or electronic check.
It is important to note that property owners may also be eligible for tax exemptions or reductions based on their age, disability status, or other factors. They should contact the Falls County Tax Assessor-Collector's office for more information.
If you have more questions - contact your local tax collector.
How is Falls County Property Tax penalty calculated ?
Falls County property tax penalty is calculated based on the amount of tax owed and how long it has been past due. The penalty is assessed as a percentage of the delinquent taxes owed. Here is an example to better understand how the penalty is calculated:
- John owns a property in Falls County and his property tax bill is $2,000 due on January 1st of each year.
- John fails to pay his property tax bill by January 31st, which is the delinquent date.
- Because John's property tax bill is delinquent, he is subject to a penalty of 6% of the amount owed.
- The penalty for John's late payment would be $120 (6% of $2,000).
- If John still fails to pay his property taxes after six months, an additional penalty of 1% per month is added.
To summarize, the Falls County property tax penalty is calculated as:
- 6% of the delinquent taxes owed at the end of the first month
- Additional 1% penalty per month after six months
It is important for property owners in Falls County to pay their property taxes on time to avoid any penalties. If you have any questions or concerns about your property taxes, it is recommended to contact the Falls County Tax Assessor's Office for assistance.
We recommend contacting the Falls County Tax Office or a local tax professional for the most up-to-date and accurate information.