Example of Forsyth County Property Tax Calculation
Forsyth County property tax is calculated by multiplying the assessed value of a property by the tax rate. For example, if a property in Forsyth County has an assessed value of $200,000 and the tax rate is 0.8%, the property tax would be $1,600 ($200,000 x 0.8%). This amount may vary depending on exemptions, deductions and other factors that may affect the tax rate. It is important for property owners in Forsyth County to review their property tax assessment and seek guidance from the county's tax officials if they have any questions or concerns.
If you want appeal your property tax assessment - contact your local tax assessor.
Forsyth County Property Tax Rates
Below is a list of Forsyth County Property Tax rates expressed in terms of the tax and the rate per $100 of assessed value. The rates are as follows:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.3791 |
| Parks and Recreation | $0.0752 |
| Fire District | $0.0800 |
| Emergency Services | $0.0316 |
| Library | $0.0451 |
| School District | $1.2876 |
It is important to note that property tax rates can vary depending on the specific location and type of property owned. As a tax advisor, it is recommended to consult with a professional for more information regarding specific tax rates and potential deductions.
Who sets property tax rates in Forsyth County ?
In Forsyth County, property tax rates are set by the Forsyth County Board of Commissioners. They typically review and adjust the rates annually, usually during the budgeting process. The Board takes into account factors such as property values, revenue needs, and the community's priorities when determining the property tax rates. It is important for property owners in Forsyth County to keep track of these rates to ensure they are appropriately budgeting for their taxes. Below is a table summarizing the current property tax rates in Forsyth County:
| Property Type | Tax Rate (per $100 of assessed value) |
|---|---|
| Residential | 0.8013 |
| Commercial | 1.0396 |
| Industrial | 1.0396 |
Note that these rates are subject to change and property owners should check with the county for the most up-to-date information.
Homestead exemptions in Forsyth County ?
To help Forsyth County residents navigate their Homestead exemptions and deductions, the following table summarizes the available options.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly or Disabled Homestead Exclusion | Must be 65 or older OR totally and permanently disabled | Up to $30,000 | Exclusion does not apply to special assessments, such as street improvements or water and sewer |
| Disabled Veteran Exclusion | Must be a veteran with 100% service-connected disability | Up to $45,000 | May also be eligible for exclusions on vehicle taxes |
| Circuit Breaker Tax Deferment | Must be 65 or older OR totally and permanently disabled OR caretaker of someone totally and permanently disabled | Defers taxes until property is sold or owner passes away | Interest rate may apply |
| Property Tax Homestead Circuit Breaker | Must have income less than $31,000 and live in home for more than 6 months of the year OR be totally and permanently disabled OR be 65 or older | Reduced or eliminated property tax | Exclusions apply to certain assessments and fees |
| Disabled Veteran Property Tax Exemption | Must be veteran with 100% service-connected disability OR surviving spouse of such veteran | Full exemption on property tax | Must have honorable discharge and be NC resident |
| Property Tax Relief for Older Adults and Disabled Adults | Must be 65 or older OR totally and permanently disabled | Reduced or eliminated property tax | Income and asset limits apply |
Remember that these exemptions and deductions are specific to Forsyth County, North Carolina. Make sure to check with your local government for eligibility and application requirements.
When is Forsyth County Property Tax due ?
Forsyth County residents typically need to pay their property taxes by January 6th each year. Here are some payment methods available to them:
Online Payment methods
| Website | Payment Method |
|---|---|
| www.forsythco.com | Credit or debit card, e-check |
| www.officialpayments.com | Credit or debit card |
| www.payyourtix.com | Credit or debit card |
Mailed Payment Methods
Property owners can also mail their payment to the Forsyth County Tax Commissioner's Office at:
Forsyth County Tax Commissioner's Office 110 East Main Street Suite 150 Cumming, GA 30040
In-Person Payment methods
Property owners can visit the Forsyth County Tax Commissioner's Office for in-person payments. The address is the same as the one mentioned above.
It’s important to note that late payments will result in a penalty. So, it's highly suggested that one pays their property taxes on time using any of the above mentioned payment methods.
If you have more questions - contact your local tax collector.
How is Forsyth County Property Tax penalty calculated ?
Forsyth County Property Tax Penalty Calculation
In Forsyth County, Georgia, property owners are required to pay their property taxes by a specific due date. Failure to pay taxes by the due date will result in penalties and interest charges. The penalty calculations depend on the amount of unpaid taxes and how long the taxes remain unpaid.
The Forsyth County Tax Commissioner's office calculates property tax penalties as follows:
- Penalty for Late Payment: If the property owner fails to pay the property taxes by the due date, a 5% penalty is added to the unpaid taxes on the next day after the due date.
- Additional Penalty: If the taxes remain unpaid after 120 days past the due date, an additional 5% penalty is added to the unpaid taxes.
- Interest: Interest is also charged on the unpaid balance at a rate of 1% per month.
Example:
Let's say a property owner in Forsyth County has a property tax bill of $10,000 due on January 15th. If the property owner fails to pay the taxes on time, the following penalties and interest charges will be applied:
- $500 (5% penalty) will be added to the unpaid balance on January 16th.
- If the taxes still remain unpaid after 120 days from the due date, an additional $500 (5% additional penalty) will be added to the unpaid balance, making the total penalty $1,000.
- In addition to the penalties, interest will be charged on the unpaid balance at a rate of 1% per month, which amounts to $100 per month.
Therefore, if the property owner fails to pay the property taxes by the due date, the total amount owed will be $11,200, which includes the original tax amount, penalties, and interest charges.
Conclusion:
It is important for property owners in Forsyth County to pay their property taxes on time to avoid penalties and interest charges. The Forsyth County Tax Commissioner's office provides payment options and payment plans to help property owners avoid these charges and stay current on their property taxes.
We recommend contacting the Forsyth County Tax Office or a local tax professional for the most up-to-date and accurate information.