Example of Harrison County Property Tax Calculation
Harrison County calculates property tax based on the assessed value of the property. To find the assessed value, the county assessor multiplies the property's appraised value by the state's assessment rate of 10%.
For example, if a property is appraised at $100,000, the assessed value would be $10,000 ($100,000 x 0.10).
Next, the county applies the tax rate to the assessed value. For this example, let's assume the tax rate is 1.5%. To calculate the property tax, multiply the assessed value by the tax rate:
$10,000 x 0.015 = $150
Therefore, the property tax for this property in Harrison County would be $150.
If you want appeal your property tax assessment - contact your local tax assessor.
Harrison County Property Tax Rates
The Harrison County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.588 |
| County Road and Bridge Fund | $0.168 |
| Harrison County School Corporation | $0.831 |
| Corydon Central School Corporation | $0.971 |
| South Harrison School Corporation | $0.816 |
Please note that these rates are subject to change and residents of Harrison County should consult with their local tax authorities for the most up-to-date information.
Who sets property tax rates in Harrison County ?
Property Tax Rates in Harrison County
Property tax rates in Harrison County, located in the state of Mississippi, are set by a combination of local and state government entities.
Specifically, the Mississippi Department of Revenue's Property Tax Division provides guidance to local governments regarding property values and tax assessments. Local governing bodies, such as the Harrison County Board of Supervisors, then set the tax rates based on these assessments.
The property tax rate for Harrison County is currently set at 0.65%, which is assessed on the value of the property. This rate is subject to change based on the decisions made by the local governing bodies.
It is important for property owners in Harrison County to keep up-to-date on any changes to the property tax rates, as these rates can have a significant impact on their finances. Property tax payments are typically due by January 31st of each year.
If you have any questions about property tax rates or assessments in Harrison County, it is recommended that you consult with a qualified tax advisor or contact the Harrison County Tax Assessor's Office.
Homestead exemptions in Harrison County ?
In Harrison County, Texas, homeowners can take advantage of various Homestead exemptions and deductions to lower their property tax bills. Here is a breakdown of the available exemptions and deductions:
Exemptions:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Available to all homeowners | Up to 20% of the assessed value of the property | Applies to the main residence only |
| Over 65 | Homeowners aged 65 and older | Additional $10,000 exemption on top of the General Homestead exemption | Only applies to the main residence |
| Disability | Homeowners with a documented disability | Additional $10,000 exemption on top of the General Homestead exemption | Only applies to the main residence |
| Veteran | Veterans who were honorably discharged | Additional $7,500 exemption on top of the General Homestead exemption | Only applies to the main residence |
Deductions:
| Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| School Tax Ceiling | Homeowners with a school tax rate of over $1.50 per $100 valuation | Limitation on school property taxes based on the previous year's tax bill | Does not apply to taxes other than school taxes |
| Agricultural Land | Homeowners who use their land for agriculture | Exemption for up to 20 acres of land | Must meet certain eligibility criteria |
It's important to note that these exemptions and deductions may be subject to certain limitations and requirements. Homeowners should contact the Harrison County Appraisal District for more information on how to apply for these benefits. By taking advantage of these Homestead exemptions and deductions, homeowners in Harrison County can significantly reduce their property tax bills.
When is Harrison County Property Tax due ?
Harrison County Property Tax typically has a due date of January 31st each year. However, if the due date falls on a weekend or holiday, the payment deadline is extended to the next business day.
There are a few payment methods available for Harrison County Property Tax. The County Treasurer's Office accepts payments in person, by mail, and online. Payment by mail should be sent to the Harrison County Treasurer's Office at 245 Atwood St NW, Corydon, IN 47112. Online payments can be made through the County's website using a credit or debit card.
Additionally, taxpayers can choose to enroll in an automatic payment plan, where the County will automatically deduct the amount due from a designated bank account on the due date.
It's important to note that failure to pay property taxes by the due date can result in penalties and interest charges.
If you have more questions - contact your local tax collector.
How is Harrison County Property Tax penalty calculated ?
Harrison County Property Tax Penalty Calculation
The Harrison County Property Tax penalty is calculated based on a percentage of the unpaid taxes. The penalty starts at 1% per month and can increase up to 10% after 10 months of non-payment.
For example, if a property owner in Harrison County owes $1,000 in property taxes and fails to pay it for three months, the penalty would be calculated as follows:
- Month 1: $1,000 x 1% penalty = $10 penalty
- Month 2: ($1,000 + $10) x 1% penalty = $10.10 penalty
- Month 3: ($1,010 + $10.10) x 1% penalty = $10.20 penalty
Therefore, the total penalty for three months of non-payment would be $30.30.
It is important to note that the penalty can continue to increase up to 10% after 10 months of non-payment. Additionally, if the property owner still fails to pay the taxes, the property may be subject to a tax sale or foreclosure.
Property owners in Harrison County should ensure timely payment of their property taxes to avoid any penalties or legal action.
We recommend contacting the Harrison County Tax Office or a local tax professional for the most up-to-date and accurate information.