Example of Hamblen County Property Tax Calculation
Hamblen County Property Taxes are calculated based on the value of the property. For example, if a property in Hamblen County has an assessed value of $100,000, and the property tax rate is 0.75%, then the property tax would be $750. This is calculated by multiplying the assessed value by the tax rate: ($100,000 x 0.75% = $750). It is important to note that property taxes in Hamblen County are typically due in two installments each year.
If you want appeal your property tax assessment - contact your local tax assessor.
Hamblen County Property Tax Rates
Here is a formatted table listing the Hamblen County Property Tax rates in US dollars per $100 of assessed value:
| Tax Type | Rate per $100 Assessed Value |
|---|---|
| County General | $2.22 |
| Hamblen County School System | $2.49 |
| City of Morristown | $1.79 |
| Talbott Utility District | $1.75 |
| East Tennessee Human Resource Agency | $0.012 |
| Hamblen County Highway Department | $0.21 |
| Morristown-Hamblen EMS | $0.10 |
These rates are subject to change and should be verified with the appropriate authorities before making any property tax calculations.
Homestead exemptions in Hamblen County ?
To help homeowners in Hamblen County, Tennessee navigate through the various Homestead exemptions and deductions available to them, a table has been created with columns for exemption, eligibility, amount, and notes. Here are the county-specific exemptions and deductions that are included:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | $25,000 | Applies to the first $25,000 of a property's value |
| Elderly or Disabled Exemption | Homeowners over 65 or with disabilities | $25,000 | Applies to the first $25,000 of a property's value |
| Disabled Veteran Exemption | Veterans with a service-connected disability | Up to $175,000 | Applies to the first $175,000 of a property's value |
| Surviving Spouse of a Veteran | Spouses of veterans who died in service or as a result of service-connected injuries | Up to $175,000 | Applies to the first $175,000 of a property's value |
| Property Tax Freeze | Homeowners over 65 or with disabilities | Amount varies based on income | Freezes property tax at current rate for eligible homeowners |
It's important to note that eligibility requirements and exemption amounts may vary based on individual circumstances. To determine if you qualify for any of these exemptions or deductions, it's recommended to contact the Hamblen County Assessor's office for more information.
Who sets property tax rates in Hamblen County ?
Who sets property tax rates in Hamblen County?
The Hamblen County Commission is responsible for setting property tax rates in Hamblen County. The commission is made up of 21 members who are elected by residents of the county. They meet regularly to discuss and set the budget for the county, which includes determining the property tax rate.
When are property tax rates set in Hamblen County?
The property tax rates in Hamblen County are typically set during the commission's annual budget process. This process usually begins in the spring of each year and may continue into the summer months. The commission holds public meetings during this time to gather input from residents and make decisions about the budget and tax rates.
How are property tax rates determined in Hamblen County?
Property tax rates in Hamblen County are based on the assessed value of property in the county. The county assessor's office determines the assessed value of each property, and then the commission uses this information to calculate the tax rate. The tax rate is expressed as a percentage of the assessed value, and property owners are responsible for paying this tax annually. The revenue generated from property taxes is used to fund various county services, such as education, law enforcement, and infrastructure maintenance.
Conclusion
In summary, the Hamblen County Commission is responsible for setting property tax rates in Hamblen County. Property tax rates are typically set during the annual budget process, which takes place in the spring and summer months. The tax rates are calculated based on the assessed value of each property, and the revenue generated from property taxes funds various county services.
When is Hamblen County Property Tax due ?
Hamblen County Property Tax is typically due on February 28th of each year. However, if this date falls on a weekend or holiday, the due date will be the next business day.
There are several payment methods available for residents of Hamblen County. These methods include:
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In-person: Payments can be made in person at the Hamblen County Trustee's Office located at 511 W. 2nd North Street, Morristown, TN 37814.
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By mail: Payments can also be mailed to the Hamblen County Trustee's Office at the same address listed above. Residents should make sure to include their property tax bill and indicate the year(s) they are paying for on their check or money order.
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Online: Residents can pay their property tax online by visiting the Hamblen County Trustee's website and following the online payment instructions. Please note that a convenience fee will be added for online payments.
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By phone: Payments can also be made over the phone by calling the Hamblen County Trustee's Office at (423) 586-1852. Again, a convenience fee will be added for phone payments.
It is important to note that failure to pay property taxes on time can result in penalties and interest charges. Therefore, residents are encouraged to pay their property taxes by the due date listed to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Hamblen County Property Tax penalty calculated ?
Hamblen County property tax penalty is calculated based on the percentage of the unpaid taxes and the number of days past the payment deadline. The penalty is assessed monthly, beginning on the 1st day of the month after the payment deadline. Here's an example to illustrate how the penalty is calculated:
Let's say that John owns a property in Hamblen County and his property tax bill is $2,000. The payment deadline is February 28, but John fails to pay his taxes by that date. If John pays his taxes on March 15, he will owe a penalty. Here's how the penalty is calculated:
- Percentage of unpaid taxes: The penalty is calculated as a percentage of the unpaid taxes. In Hamblen County, the penalty rate is 1.5% per month, or 18% per year. Since John's taxes are $2,000 and he paid on March 15 instead of February 28, he has 15 days of unpaid taxes. Therefore, the penalty for the first month is calculated as follows:
$2,000 x 1.5% = $30
- Number of days past the payment deadline: The penalty is also calculated based on the number of days past the payment deadline. In this case, John paid his taxes 15 days late. Therefore, the penalty for the first month is calculated as follows:
$2,000 x 1.5% x 15/365 = $1.23
- Total penalty: To calculate the total penalty for the first month, we add the two amounts:
$30 + $1.23 = $31.23
Therefore, John will owe a penalty of $31.23 for paying his taxes 15 days late. If he continues to delay payment, the penalty will continue to accrue at a rate of 1.5% per month. It's important to note that the penalty can add up quickly, so it's best to pay property taxes on time to avoid any unnecessary fees.
We recommend contacting the Hamblen County Tax Office or a local tax professional for the most up-to-date and accurate information.