Example of Glasscock County Property Tax Calculation
Glasscock County calculates property taxes based on the assessed value of the property. The county uses a tax rate of $0.5864 per $100 of assessed value.
To calculate the property tax, one would multiply the assessed value of the property by the tax rate. For example, if a property has an assessed value of $100,000, the property tax would be calculated as follows:
$100,000 (assessed value) x $0.5864 (tax rate per $100 of assessed value) = $586.40 (total property tax)
It is important to note that property values and tax rates can vary from year to year, so the property tax amount may change. Additionally, there may be other factors that affect property taxes, such as exemptions or special assessments.
If you want appeal your property tax assessment - contact your local tax assessor.
Glasscock County Property Tax Rates
Glasscock County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.426 |
| City | $0.216 |
| School | $0.940 |
| Hospital | $0.150 |
| Total | $1.732 |
The table above shows the property tax rates for Glasscock County. The county tax rate is $0.426 per $100 of assessed value, the city tax rate is $0.216 per $100 of assessed value, the school tax rate is $0.940 per $100 of assessed value, and the hospital tax rate is $0.150 per $100 of assessed value. The total property tax rate for Glasscock County is $1.732 per $100 of assessed value.
When is Glasscock County Property Tax due ?
Glasscock County Property Tax is typically due on January 31st of each year. The following payment methods are available for taxpayers:
| Payment Method | Description |
|---|---|
| Online Payment | Taxpayers can pay their property taxes online using a credit/debit card or e-check. |
| In-person Payment | Taxpayers can pay in-person at the Glasscock County Tax Office located at 117 N Myrl St, Garden City, TX 79739. |
| Mail Payment | Taxpayers can also mail in their payments to the same address. |
It's important to note that late payments are subject to penalties and interest charges. Therefore, taxpayers are advised to make their payments on time to avoid any additional fees.
Overall, paying Glasscock County Property Tax is a straightforward process, and taxpayers have several convenient payment options to choose from.
If you have more questions - contact your local tax collector.
Who sets property tax rates in Glasscock County ?
Glasscock County Property Tax Rates
Glasscock County property tax rates are set by the Glasscock County Commissioners Court. This Court is made up of five elected officials who are responsible for determining the county's budget, including property tax rates. The Commissioners Court typically meets throughout the year, but sets the property tax rates in the fall, usually in September or October.
Property taxes in Glasscock County are based on the appraised value of the property. Appraisals are handled by the Glasscock County Appraisal District, which is separate from the Commissioners Court. Once the appraised value is determined, the Commissioners Court sets the tax rate, which is then applied to the appraised value to determine the amount of property tax owed.
It's important to note that property tax rates can vary from year to year, depending on the needs of the county and the budget approved by the Commissioners Court. Property owners in Glasscock County should check with the County Tax Assessor-Collector to determine their current property tax rate and the amount they owe.
Homestead exemptions in Glasscock County ?
To help residents living in Glasscock County, Texas save on their property taxes, here is a comprehensive table of county-specific Homestead exemptions and deductions. This table includes four columns: exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Any homeowner who uses the property as their primary residence | $25,000 | This exemption reduces the taxable value of the property by $25,000 |
| Over 65 Exemption | Any homeowner over the age of 65 | $10,000 | This exemption reduces the taxable value of the property by $10,000 |
| Disabled Person Exemption | Any homeowner who is disabled | $10,000 | This exemption reduces the taxable value of the property by $10,000 |
| Disabled Veteran Exemption | Any veteran who was disabled during their service | Up to $100,000 | The amount of the exemption varies depending on the level of disability |
| Surviving Spouse Exemption | Any homeowner who is the surviving spouse of a deceased veteran | Up to $100,000 | The amount of the exemption varies depending on the level of disability of the deceased veteran |
It's important to note that these exemptions and deductions are only applicable to a homeowner's primary residence and must be applied for through the Glasscock County Appraisal District. Additionally, eligibility may vary depending on individual circumstances, so it's recommended to check with the District to confirm eligibility.
By taking advantage of these county-specific Homestead exemptions and deductions, homeowners in Glasscock County can potentially save thousands of dollars on their property taxes each year.
How is Glasscock County Property Tax penalty calculated ?
Glasscock County Property Tax Penalty Calculation
If a property owner in Glasscock County fails to pay their property taxes on time, they will be subject to a penalty. The penalty is calculated based on the amount of taxes owed and the time the payment is late.
The penalty for late payment is added on top of the original tax amount owed. The penalty starts at 6% of the unpaid taxes and increases by 1% for each month the payment is late. The maximum penalty that can be charged is 12%.
For example, if a property owner owes $1,000 in property taxes and fails to make the payment by the due date, the penalty would start at $60 (6% of $1,000). If the payment is still not made after one month, the penalty would increase to $70 (7% of $1,000).
Here is a table summarizing the penalty structure for Glasscock County Property Taxes:
| Payment Due Date | Penalty |
|---|---|
| January 31 | 6% |
| February 1 - 28 | 7% |
| March 1 - 31 | 8% |
| April 1 - 30 | 9% |
| May 1 - 31 | 10% |
| June 1 - 30 | 11% |
| July 1 and after | 12% |
It is important to note that if the property owner continues to fail to pay their property taxes, the county may take legal action and even sell the property in order to collect the outstanding taxes. Therefore, it is crucial for property owners to pay their taxes on time to avoid these penalties and potential legal action.
We recommend contacting the Glasscock County Tax Office or a local tax professional for the most up-to-date and accurate information.