Example of Hardee County Property Tax Calculation
Hardee County calculates property tax based on the assessed value of the property. For example, if a property is assessed at $100,000, and the millage rate is 10 mills (meaning $10 of tax for every $1,000 of assessed value), the property tax would be $1,000.
To calculate the property tax, the assessed value is multiplied by the millage rate and then divided by 1,000. So, in this case, the calculation would be:
$100,000 x 10 mills = $1,000 $1,000 / 1,000 = $1,000
It is important to note that the millage rate can vary depending on the location and specific taxing authorities in the county. Additionally, property owners may be eligible for certain exemptions or deductions that could impact their property tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Hardee County Property Tax Rates
The following table lists the Hardee County Property Tax rates in US dollars per 100$ of assessed value:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| Countywide Taxes | $7.54 |
| Municipal Service Taxing Unit (MSTU) | $2.25 |
| School District Taxes | $6.20 |
| Water Management District Taxes | $0.47 |
It is important to note that these rates are subject to change and property owners should consult with the Hardee County Tax Collector's Office for the most up-to-date information.
When is Hardee County Property Tax due ?
Hardee County Property Tax is typically due on March 31st every year, according to the Hardee County Tax Collector's website. Property owners in Hardee County can pay their property taxes through a variety of payment methods, including:
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In person: property owners can visit the Hardee County Tax Collector's Office and pay with cash, check, or money order.
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By mail: property owners can also mail in their payment to the Hardee County Tax Collector's Office, along with a check or money order.
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Online: property owners can pay their property taxes online through the Hardee County Tax Collector's website using a credit card or e-check.
It's important to note that if property owners do not pay their property taxes by the due date, they may incur penalties and interest charges. Therefore, it's recommended that property owners pay their property taxes on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
Who sets property tax rates in Hardee County ?
In Hardee County, Florida, the property tax rates are set by the Board of County Commissioners. This board is made up of five elected officials, and they were last elected in November 2020. The Board of County Commissioners meets regularly to discuss and set the property tax rates for the county.
The property tax rates are based on the assessed value of the property, which is determined by the Hardee County Property Appraiser. The property appraiser's office is responsible for determining the value of all properties in the county, and they use a variety of factors to determine this value, including the size of the property, the location, and any improvements that have been made.
Once the assessed value of the property is determined, the Board of County Commissioners sets the property tax rate. This rate is expressed as a percentage of the assessed value, and it is used to calculate the property tax bill for each property owner in the county.
It is important to note that property tax rates can vary from year to year, and they can be affected by a variety of factors, including changes in the local economy, changes in property values, and changes in the county's budget. Property owners in Hardee County can contact the Board of County Commissioners or the Property Appraiser's office for more information about property tax rates and how they are determined.
How is Hardee County Property Tax penalty calculated ?
Hardee County imposes property taxes on all real estate properties within the county. Property owners are required to pay their property taxes by a specific date each year; failure to comply with this deadline may result in penalties being applied to the amount owed. The penalty for late payment of property taxes is calculated as a percentage of the unpaid amount, with the percentage increasing over time.
The penalty for late payment of Hardee County property taxes is calculated as follows:
| Time Elapsed | Penalty Percentage |
|---|---|
| 1-30 Days Late | 5% |
| 31-60 Days Late | 6% |
| 61-90 Days Late | 7% |
| Over 90 Days Late | 15% |
For instance, if a property owner owes $10,000 in property taxes and their payment is 60 days late, the penalty percentage applied to their unpaid amount would be 6%. This would result in a penalty of $600 ($10,000 x 0.06). Therefore, the total amount owed would be $10,600 ($10,000 + $600).
It is crucial for property owners to pay their property taxes on time to avoid incurring these penalties. Additionally, it is essential for property owners to understand the penalty calculation method to avoid any misunderstandings or discrepancies.
Homestead exemptions in Hardee County ?
In Hardee County, Florida, there are several Homestead exemptions and deductions available to eligible property owners. Here is a breakdown of the exemptions, eligibility requirements, amounts, and any relevant notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Property owner must have legal or equitable title to the property and be a permanent resident on January 1st of the year in which they are seeking the exemption. | Up to $50,000 off the assessed value of the property. | This exemption applies to the property owner's primary residence. |
| Senior Exemption | Property owner must be 65 or older on January 1st of the year in which they are seeking the exemption and have a total household income under $30,174. | Up to an additional $50,000 off the assessed value of the property. | This exemption applies to the property owner's primary residence. |
| Disability Exemption | Property owner must have a permanent and total disability as of January 1st of the year in which they are seeking the exemption. | Up to an additional $50,000 off the assessed value of the property. | This exemption applies to the property owner's primary residence. |
| Veteran Exemption | Property owner must have served in the military during a wartime period and have a service-connected disability rating of 10% or more, or be a surviving spouse of a veteran who died in combat. | Eligible amount varies based on disability rating and other factors. | This exemption applies to the property owner's primary residence. |
| Deployed Military Exemption | Property owner must have been deployed during the preceding calendar year on active duty outside of the continental United States, Alaska, or Hawaii. | Up to an additional $1,500 off the assessed value of the property. | This exemption applies to the property owner's primary residence. |
| Agricultural Classification | Property must be used primarily for bona fide agricultural purposes. | Varies based on the assessed value of the property and the extent of its agricultural use. | This exemption does not apply to the property owner's primary residence. |
Note that these exemptions and deductions are county-specific and may vary depending on the property owner's specific circumstances. Property owners should consult with the Hardee County Property Appraiser's Office for more information on eligibility and application procedures.
We recommend contacting the Hardee County Tax Office or a local tax professional for the most up-to-date and accurate information.