Example of Henderson County Property Tax Calculation
Henderson County calculates property tax by multiplying the assessed value of the property by the tax rate. For example, if a property has an assessed value of $100,000 and the tax rate is 0.5%, the property tax owed would be $500 (100,000 x 0.5%).
If you want appeal your property tax assessment - contact your local tax assessor.
Henderson County Property Tax Rates
Henderson County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.595 |
| City | $0.340 |
| School | $0.515 |
| Fire | $0.055 |
| Solid Waste | $0.055 |
The total property tax rate in Henderson County is the sum of all of these rates, which equals $1.56 per $100 of assessed value.
Who sets property tax rates in Henderson County ?
Who sets property tax rates in Henderson County?
The Board of County Commissioners in Henderson County is responsible for setting property tax rates.
When are property tax rates set in Henderson County?
Property tax rates are set annually by the Board of County Commissioners during their budgetary process, which typically takes place in June.
It's important to note that property tax rates can vary depending on the location and value of the property. These rates are used to calculate the amount of property tax owed by the property owner, which is due annually in two installments.
If you have questions or concerns about property tax rates in Henderson County, it's recommended to reach out to the Henderson County Tax Department for further information.
Homestead exemptions in Henderson County ?
To help homeowners in Henderson County, Illinois, this article will outline all county-specific Homestead exemptions and deductions. Below is a table with the relevant columns:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Primary residence of a homeowner or leasehold interest in a cooperative | Up to $6,000 | Must be applied for by the homeowner |
| Senior Citizens Homestead Exemption | Primary residence of a homeowner over 65 years old | Up to $5,000 | Must be applied for by the homeowner |
| Home Improvement Exemption | Improvement to a primary residence or residential property | Up to $25,000 | Must be applied for by the homeowner |
| Disabled Persons Homestead Exemption | Primary residence of a homeowner with a disability | Up to $2,000 | Must be applied for by the homeowner |
| Home Energy Efficiency Exemption | Installation of energy-efficient improvements to a primary residence or residential property | Up to $10,000 | Must be applied for by the homeowner |
It's important to note that each exemption or deduction has specific requirements and criteria for eligibility. Homeowners should contact their local Henderson County Assessor's Office to determine their eligibility and to apply for any applicable exemptions or deductions.
In summary, homeowners in Henderson County, Illinois have access to a variety of Homestead exemptions and deductions to help reduce property taxes. By taking advantage of these opportunities, homeowners can save money on their property taxes and focus on other important financial goals.
When is Henderson County Property Tax due ?
Henderson County Property Tax Due Date and Payment Methods
In Henderson County, property tax is typically due on January 5th of each year. However, if the due date falls on a weekend or holiday, the deadline will be extended to the next business day. Property owners receive their tax bills in early November of the previous year.
There are several payment methods available for Henderson County Property Tax, including:
| Payment Method | Details |
|---|---|
| Online | Property owners can pay their property taxes online through the Henderson County Tax Office website using a credit card or e-check. |
| Payments can be mailed to the address stated on the tax bill, and a postmark on or before the due date will be considered timely. | |
| In-Person | Property owners can also pay their property taxes in-person at the Henderson County Tax Office located at 1 Historic Courthouse Sq Room 3, 2nd Floor, Hendersonville, NC 28792. Cash, checks, and credit/debit cards are accepted. |
It is important to note that if property owners fail to pay their property taxes on time, interest and penalties will accrue on the unpaid balance. Therefore, it is advised to pay the property taxes before the due date to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Henderson County Property Tax penalty calculated ?
Henderson County Property Tax Penalty Calculation:
If a property owner fails to pay their property taxes by the due date, a penalty will be assessed. The penalty is calculated based on the amount of taxes owed and the length of time they are overdue. The penalty is calculated as follows:
- On the first day after the due date, the penalty is 2% of the total amount due.
- For each month thereafter, an additional penalty of 0.75% is assessed.
- The maximum penalty is 12%.
For example, if a property owner owes $5,000 in property taxes and fails to pay them by the due date, the penalty would be calculated as follows:
- 2% of $5,000 = $100 (first day after the due date)
- 0.75% of $5,000 = $37.50 (for each month after the due date)
- Assuming the property owner is 6 months late, the total penalty would be $100 + ($37.50 x 6) = $325.
It is important for property owners to pay their property taxes on time to avoid penalties and interest charges. If you have any questions about Henderson County property taxes or penalties, it is recommended that you contact the Henderson County Tax Office for assistance.
We recommend contacting the Henderson County Tax Office or a local tax professional for the most up-to-date and accurate information.