Example of Fentress County Property Tax Calculation
Fentress County property tax is calculated based on the value of the property owned by an individual. For example, if a person owns a house in Fentress County that is valued at $100,000, the county tax rate of 2.51% would be applied to the assessed value of the property which is usually 25% of the fair market value.
So, for the above scenario, the assessed value of the house will be $25,000 (25% of $100,000), and the property tax will be 2.51% of the assessed value which is $627.50. This is the amount that the property owner will have to pay as property tax to Fentress County for the year.
It is important to note that the property tax rate may vary depending on the location and the type of property owned. Additionally, exemptions and deductions may also apply for certain groups of people, such as senior citizens or veterans.
Overall, Fentress County property tax calculation is based on the assessed value of the property and the county tax rate, and can be easily calculated using these factors.
If you want appeal your property tax assessment - contact your local tax assessor.
Fentress County Property Tax Rates
Here is the table of Fentress County Property Tax rates in a formatted table:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $1.47 |
| Road | $0.14 |
| Solid Waste | $0.20 |
| Farm/Agriculture | $0.95 |
| Residential | $2.41 |
| Commercial | $2.44 |
| Industrial | $2.28 |
Fentress County charges a County General tax rate of $1.47 per $100 of assessed value, as well as a Road tax rate of $0.14 and a Solid Waste tax rate of $0.20. Those who own Farm or Agriculture property will pay a tax rate of $0.95, while Residential property owners will pay a tax rate of $2.41 per $100 of assessed value. Commercial property owners will be subject to a tax rate of $2.44 per $100 of assessed value, while Industrial property owners will pay a tax rate of $2.28 per $100 of assessed value.
Who sets property tax rates in Fentress County ?
Property Tax Rates in Fentress County
Property tax rates in Fentress County, located in the state of Tennessee, are set by the Fentress County Commission. The commission is comprised of 14 members who are elected to serve four-year terms.
The property tax rate in Fentress County is determined annually and is based on the value of the property. The tax rate is expressed in dollars per $100 of assessed property value.
Property owners in Fentress County can expect to receive a property tax bill from the county assessor's office by the end of September each year. The bill will include the assessed value of the property and the property tax rate for the year.
It is important for property owners in Fentress County to be aware of the property tax rates and to pay their taxes on time to avoid penalties and interest charges. Property tax revenue is an important source of funding for local government services such as schools, police and fire departments, and road maintenance.
Homestead exemptions in Fentress County ?
Here is a sample text that answers the prompt:
To help homeowners in Fentress County, Tennessee save money on property taxes, the county offers several Homestead exemptions and deductions. If you're looking to take advantage of these tax breaks, here's a breakdown of the available options:
Homestead Exemptions and Deductions in Fentress County, Tennessee
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | Up to $25,000 | Applies to the first $25,000 of assessed value on a primary residence |
| Elderly and Disabled Homestead Exemption | Homeowners over 65 or totally and permanently disabled | Up to $27,000 | Additional $2,000 exemption for veterans |
| Disabled Veteran Property Tax Relief | Disabled veterans | Varies based on percent of disability | Must provide proof of disability |
| Property Tax Freeze for the Elderly | Homeowners over 65 with income below $43,000 | Tax bill frozen at current rate | Must apply annually |
Notes:
- To apply for any of these exemptions or deductions, homeowners must file a Property Tax Relief Application with the Fentress County Trustee's office.
- The deadline for filing is April 5th of each year.
- Homeowners who have questions or need more information can contact the Trustee's office directly.
By taking advantage of these Homestead exemptions and deductions, homeowners in Fentress County can significantly reduce their property tax bills. Be sure to consider all of the options available and file the necessary paperwork before the deadline to ensure you're getting the most savings possible.
When is Fentress County Property Tax due ?
Fentress County Property Tax is typically due on October 1st of each fiscal year.
Payment methods for Fentress County Property Tax can be made using the following options:
- In-person: Payments can be made in person at the Fentress County Trustee's Office located at 101 Main Street North, Jamestown, TN 38556 during regular business hours.
- Mail: Payments can also be mailed to the Fentress County Trustee's Office at P.O. Box 924, Jamestown, TN 38556.
- Online: Payments can be made online through the Fentress County Trustee's website using a credit card or e-check.
It is important to note that if payment is not received by February 28th, a 1.5% interest will be added and a 2.5% penalty will be added on March 1st. Therefore, it is recommended to make payments on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Fentress County Property Tax penalty calculated ?
Fentress County Property Tax Penalty Calculation
When property owners do not pay their property taxes on time, they will receive a penalty charge. The penalty charge is calculated based on the unpaid taxes and the length of time the taxes have been overdue. Here is how the penalty is calculated in Fentress County:
- Taxes become delinquent on March 1st of each year.
- On March 2nd, a 1.5% penalty is added to the unpaid taxes.
- On April 1st, an additional 1.5% penalty is added to the unpaid taxes.
- For each month thereafter, a 1% penalty is added to the unpaid taxes.
For example, let's say that John owns a property in Fentress County and his property taxes are due on February 1st. He fails to pay the taxes on time and now owes $2,000 in unpaid taxes on March 2nd. Here is how the penalty would be calculated:
- March 2nd: 1.5% penalty is added to the unpaid taxes ($30).
- April 1st: another 1.5% penalty is added to the unpaid taxes ($30).
- May 1st: a 1% penalty is added to the unpaid taxes ($20).
- June 1st: a 1% penalty is added to the unpaid taxes ($20).
- July 1st: a 1% penalty is added to the unpaid taxes ($20).
- August 1st: a 1% penalty is added to the unpaid taxes ($20).
- September 1st: a 1% penalty is added to the unpaid taxes ($20).
- October 1st: a 1% penalty is added to the unpaid taxes ($20).
- Total penalty: $200.
Therefore, John will owe a total of $2,200 ($2,000 in taxes plus $200 in penalty fees) if he pays his taxes on October 1st. It is important for property owners to pay their taxes on time to avoid these penalty charges.
We recommend contacting the Fentress County Tax Office or a local tax professional for the most up-to-date and accurate information.