Example of Greenlee County Property Tax Calculation
Greenlee County calculates property taxes based on the assessed value of each property. The assessed value is determined by the County Assessor’s Office, which takes into consideration the property’s market value, improvements, and any applicable exemptions. Once the assessed value is determined, the County uses a tax rate, set by the County Board of Supervisors, to determine the property tax owed.
For example, if a property's assessed value is $100,000 and the tax rate is set at 1.5%, the property owner would owe $1,500 in property taxes for the year. This tax amount is due in two installments, with the first payment due in October and the second payment due in March of the following year.
It's important to note that property tax rates and assessed values can vary by property and location within the County. Property owners can contact the County Assessor’s Office or visit the County website for more information on their specific property tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Greenlee County Property Tax Rates
Here is a list of Greenlee County Property Tax rates in a formatted table:
| Tax | Rate per $100 of assessed value |
|---|---|
| County | $3.43 |
| School | $5.59 |
| City/Town | $0.00 - $4.50 |
| Special | Varies |
Greenlee County property taxes are assessed based on the value of the property. The county tax rate is $3.43 per $100 of assessed value, the school tax rate is $5.59 per $100 of assessed value. The city/town tax rate varies between $0.00 and $4.50 per $100 of assessed value, depending on the location. The special tax rate varies depending on the property and its use. It is important to note that these rates are subject to change and property owners should consult with the appropriate local authorities for the most up-to-date information.
Who sets property tax rates in Greenlee County ?
In Greenlee County, property tax rates are set by the county's Board of Supervisors. This board is made up of five elected officials who are responsible for setting policies and budgets relating to county services such as public safety, education, and infrastructure. Property tax rates are typically set annually and are based on a percentage of a property's assessed value. The exact percentage varies depending on factors such as the type of property and its location. Property owners in Greenlee County can appeal their assessed value if they believe it is incorrect or unfairly high.
Homestead exemptions in Greenlee County ?
A table has been created that includes all county-specific Homestead exemptions and deductions in Greenlee County, Arizona. The table has four columns - exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Primary Residence Exemption | Must be a legal resident of Arizona and occupy the property as their primary residence on January 1st of the assessment year. | $3,000 | Applies to all residential property |
| Limited Income Exemption | Must be 65 years or older, a widow/widower, or disabled. Income cannot exceed $10,000 for the previous year. | Up to $3,000 | Applies to all residential property |
| Disabled Veteran Exemption | Must be a veteran with a service-connected disability of 100% or more. | Full exemption | Applies to primary residence |
| Military Service Person Exemption | Must be an active-duty military serviceperson. | $3,000 | Applies to primary residence |
| Widow/Widower Exemption | Must be a legal resident of Arizona and occupy the property as their primary residence on January 1st of the assessment year. | $3,000 | Applies to all residential property |
| Agricultural Classification | Must use the property for agricultural purposes | Reduction in assessed value | Applies to agricultural property |
Note: Homestead exemptions and deductions can change over time, so it is important to regularly check for updates and changes made by the county.
When is Greenlee County Property Tax due ?
Greenlee County Property Tax Due Date and Payment Methods
Greenlee County Property Tax is typically due on October 1st of each year. The tax bill is mailed in August, giving property owners approximately two months to pay the full amount. There are several payment methods available, including:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their taxes online through the Greenlee County Treasurer's website. They can use a credit card or eCheck to complete the transaction. |
| Property owners can also mail their payment to the Greenlee County Treasurer's Office. The address is listed on the tax bill. | |
| In-person | Property owners can visit the Greenlee County Treasurer's Office and pay their taxes in person. The office is open from 8:00 am to 4:00 pm, Monday through Friday. |
It is important to note that if the property tax is not paid by the due date, penalties and interest may be added to the total amount owed. Property owners can contact the Greenlee County Treasurer's Office for more information or assistance in paying their property taxes.
If you have more questions - contact your local tax collector.
How is Greenlee County Property Tax penalty calculated ?
Greenlee County Property Tax Penalty Calculation
When property owners in Greenlee County fail to pay their property taxes by the deadline, they are subject to a penalty. The penalty is calculated based on several factors, including the amount of taxes owed and the length of time the payment is overdue.
To calculate the penalty, the following formula is used:
Penalty = (Delinquent Amount x Interest Rate x Number of Days Late) / 365
The delinquent amount is the unpaid portion of the property tax bill, including any previous penalties or interest. The interest rate is set by the state and varies from year to year. The number of days late is calculated from the date the payment was due to the date it is received.
For example, let's say a property owner in Greenlee County owes $2,000 in property taxes and fails to pay by the due date of December 31st. On January 15th, the payment is received, making it 15 days late.
Using the formula, the penalty would be calculated as follows:
Penalty = ($2,000 x 16% x 15) / 365
Penalty = $131.51
Therefore, the property owner would owe the original $2,000 in taxes plus a penalty of $131.51, for a total of $2,131.51.
It's important to note that the penalty can increase if the payment remains delinquent for an extended period of time. Additionally, failure to pay property taxes can result in the county placing a lien on the property and potentially foreclosing on it to collect the debt.
In summary, property owners in Greenlee County should make every effort to pay their property taxes on time to avoid penalties and potential legal consequences.
We recommend contacting the Greenlee County Tax Office or a local tax professional for the most up-to-date and accurate information.