Example of Hawkins County Property Tax Calculation
In Hawkins County, Tennessee, the property tax calculation is based on the assessed value of the property. The county assessor's office determines the assessed value of the property by using a percentage of the fair market value of the property. This percentage is known as the assessment ratio and is set by the state.
For example, if a property's fair market value is $100,000 and the assessment ratio is 25%, then the assessed value of the property is $25,000. The county tax rate is then applied to the assessed value to determine the property tax owed.
In Hawkins County, the current property tax rate is $2.47 per $100 of assessed value. Using the example above, the property tax owed would be $617.50 ($25,000 assessed value x 0.0247 tax rate).
It's important to note that property owners may be eligible for exemptions or reductions in their property taxes, such as the homestead exemption for primary residences. These exemptions can lower the amount of property tax owed.
If you want appeal your property tax assessment - contact your local tax assessor.
Hawkins County Property Tax Rates
Below is a table displaying the Hawkins County property tax rates as of the current fiscal year, presented in US English and using markdown formatting. The rates are based on the assessed value per $100 of property.
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $2.212 |
| City | $0.747 |
| School | $2.638 |
| Fire | $0.02 |
Overall, the total property tax rate for Hawkins County is $5.617 per $100 of assessed value. It is important to note that these rates may vary depending on the specific property location and any applicable exemptions or credits. As a tax advisor, it is recommended to consult with local authorities or a professional tax preparer for specific and updated information.
Who sets property tax rates in Hawkins County ?
The property tax rates in Hawkins County are set by the county commission each year during their annual budget process. This typically occurs in late spring or early summer. The commission reviews the revenue needs of the county and considers input from various departments and stakeholders before determining the tax rates for the coming fiscal year. The tax rates are then published and applied to property values to determine individual tax bills.
Homestead exemptions in Hawkins County ?
To help homeowners in Hawkins County, Tennessee, understand their county-specific homestead exemptions and deductions, we've compiled a table with all the necessary information.
Homestead Exemptions and Deductions in Hawkins County, Tennessee
The following table outlines the various homestead exemptions and deductions available to homeowners in Hawkins County:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | Up to $35,000 | Applies to the assessed value of the property |
| Disabled Veteran Exemption | Veterans with a disability rating of 100% | Up to $175,000 | Applies to the assessed value of the property |
| Elderly and Disabled Tax Relief | Homeowners over 65 or with disabilities | Varies | Based on income and assessed value of the property |
| Greenbelt Law | Owners of agricultural or forest land | Up to 75% reduction in property tax | Property must be used for agricultural or forest purposes |
Please note that eligibility and amounts may vary depending on individual circumstances. It's always best to consult with your local tax assessor's office for more information.
It's important for Hawkins County homeowners to take advantage of these exemptions and deductions in order to save money on their property taxes. Don't hesitate to reach out to your local tax office for more information on how to claim these benefits.
When is Hawkins County Property Tax due ?
According to the Hawkins County website, property taxes are typically due on the last day of February. However, the exact due date can vary depending on weekends and holidays. It is important to check the county's website or contact the tax office for the specific due date each year.
There are several payment methods available for Hawkins County property taxes. The county accepts payments in person, by mail, and online. They also offer an automatic monthly payment plan for those who prefer to pay in installments.
Here is a breakdown of the payment methods and their details:
| Payment Method | Details |
|---|---|
| In person | Payments can be made at the Hawkins County Trustee's Office located at 110 E Main St, Rogersville, TN 37857. Office hours are Monday through Friday from 8:00 am to 4:00 pm. |
| By mail | Payments can be mailed to the Hawkins County Trustee's Office at P.O. Box 157, Rogersville, TN 37857. Checks should be made payable to "Hawkins County Trustee." |
| Online | Payments can be made online using a credit card or e-check through the county's website. A convenience fee is charged for this service. |
| Automatic monthly payment plan | This plan allows taxpayers to pay their property taxes in monthly installments. To enroll, contact the Hawkins County Trustee's Office at (423) 272-7002. |
Overall, there are several convenient payment options available for Hawkins County property taxes. It is important to note the due date each year and choose the payment method that works best for you.
If you have more questions - contact your local tax collector.
How is Hawkins County Property Tax penalty calculated ?
Hawkins County Property Tax Penalty Calculation
When a property owner fails to pay their property taxes on time in Hawkins County, Tennessee, they are subject to penalties and interest charges. The penalty is calculated based on the amount of taxes that are owed and the length of time that has passed since the payment deadline.
The following table outlines the penalty for each month that the payment is late:
| Month | Penalty |
|---|---|
| 1 | 1.5% |
| 2 | 3% |
| 3 | 4.5% |
| 4 | 6% |
| 5 | 7.5% |
| 6 | 9% |
| 7 | 10.5% |
| 8 | 12% |
| 9 | 13.5% |
| 10 | 15% |
| 11 | 16.5% |
| 12 | 18% |
For example, if a property owner owes $1,000 in property taxes and fails to pay by the payment deadline of February 28th, they would incur a penalty of 1.5% for the first month, which would amount to $15. If they continue to not pay, the penalty would increase to 3% for the second month, which would be an additional $30, bringing their total penalty to $45.
It's important to note that interest is also charged on the delinquent taxes at a rate of 1.5% per month, in addition to the penalty. Therefore, the longer someone waits to pay their property taxes, the more they will owe in penalties and interest charges.
In summary, Hawkins County property tax penalty is calculated based on the amount of taxes owed and the length of time that has passed since the payment deadline. It's important for property owners to pay their taxes on time to avoid incurring penalties and interest charges.
We recommend contacting the Hawkins County Tax Office or a local tax professional for the most up-to-date and accurate information.