Example of Hernando County Property Tax Calculation
Hernando County Property Tax is calculated by multiplying the property's assessed value by the current tax rate. The assessed value is determined by the County Property Appraiser and is based on the market value of the property or a predetermined percentage of the market value.
For example, if a property has an assessed value of $200,000 and the current tax rate is 2%, the property tax would be $4,000. This calculation can vary depending on exemptions, special assessments, and other factors.
It's important to note that property taxes are used to fund local government services such as schools, public safety, and infrastructure. Property owners are responsible for paying their property taxes annually, typically due by March 31st in Hernando County. Failure to pay property taxes can result in penalties, interest, and even a tax lien on the property.
If you want appeal your property tax assessment - contact your local tax assessor.
Hernando County Property Tax Rates
Below is a formatted table listing the Hernando County Property Tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Countywide | $10.4645 |
| Brooksville | $6.2464 |
| Weeki Wachee | $4.1834 |
| Masaryktown | $4.1834 |
| Hill 'n Dale | $4.1834 |
| Rolling Acres | $4.1834 |
| Royal Highlands | $4.1834 |
| Spring Hill | $4.1834 |
| Timber Pines | $4.1834 |
It is important to note that these rates are subject to change and may vary depending on specific property characteristics and location. As a tax advisor, it is recommended to consult with a local tax authority or appraiser for more accurate and up-to-date information.
Who sets property tax rates in Hernando County ?
Who sets property tax rates in Hernando County?
The Hernando County Board of County Commissioners is responsible for setting property tax rates in Hernando County. They meet annually in September to review and approve the county's proposed budget, which includes funding for various services and programs. The board then sets the property tax rates based on the assessed value of each property in the county.
When are property tax rates set in Hernando County?
As mentioned, the Hernando County Board of County Commissioners meets annually in September to set property tax rates for the upcoming fiscal year. Property owners can expect to receive their property tax bills in November, and the taxes are due by the end of March of the following year.
It is important for property owners to stay informed about property tax rates and any changes that may affect their tax bill. They can visit the Hernando County government website for more information on property taxes and to access tax payment options.
Homestead exemptions in Hernando County ?
The table below lists all county-specific Homestead exemptions and deductions in Hernando County, Florida.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead exemption | Any resident who owns and occupies their primary residence | Up to $50,000 | Reduces taxable value of the property |
| Senior exemption | Any resident age 65 or older who meets income requirements | Up to $50,000 | Reduces taxable value of the property |
| Widower/widow exemption | Any resident who has lost their spouse and owns and occupies their primary residence | Up to $50,000 | Reduces taxable value of the property |
| Disability exemption | Any resident who has a total and permanent disability | Up to $500 | Applies to the property's assessed value |
| Veterans exemption | Any resident who is a disabled veteran or the surviving spouse of a disabled veteran | Up to $5,000 | Applies to the property's assessed value |
| Deployed military exemption | Any resident who is deployed on active duty | Full exemption | Applies to the property's assessed value |
| Portability | Any resident who has an existing Homestead exemption and buys a new home within the state | Up to $500,000 | Allows the existing Homestead exemption to be transferred to the new property |
Note that some exemptions may require documentation and/or application. For more information, please contact the Hernando County Property Appraiser's Office.
When is Hernando County Property Tax due ?
Hernando County Property Tax is typically due on March 31st of each year. Property owners can pay their property taxes using a variety of methods, including online, by mail, in-person at the county tax collector's office, or through an automatic withdrawal from their bank account.
Here are the different payment methods available to Hernando County residents:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their property taxes online using a credit or debit card, or through an electronic check. To pay online, they will need their property tax account number and a valid email address. |
| By Mail | Property owners can mail in their property tax payments to the Hernando County Tax Collector's Office. The address for mailing payments is included on the tax bill. |
| In-person | Property owners can pay their property taxes in-person at the Hernando County Tax Collector's Office. The office is located at 20 N. Main Street, Room 112, Brooksville, FL, 34601. |
| Automatic Withdrawal | Property owners can set up automatic withdrawals from their bank account to pay their property taxes. This option requires the completion of an enrollment form that can be obtained from the Hernando County Tax Collector's Office. |
It is important to note that failure to pay property taxes by the due date can result in penalties and interest fees. Therefore, it is recommended that property owners pay their property taxes on time using one of the available payment methods.
If you have more questions - contact your local tax collector.
How is Hernando County Property Tax penalty calculated ?
Hernando County Property Tax penalty is calculated based on the amount of unpaid taxes and the length of time they remain unpaid. The penalty is added to the original tax amount, and interest accrues on both the tax and the penalty until the balance is paid in full.
Here is an example to help explain the calculation:
| Tax Amount Owed | Penalty Rate | Penalty Amount |
|---|---|---|
| $2,500 | 5% | $125 |
In this example, the property owner owes a total of $2,500 in property taxes. If the taxes are not paid by the due date, a penalty of 5% will be added to the original tax amount. This results in a penalty of $125 ($2,500 x 5% = $125).
If the taxes and penalty remain unpaid, interest will accrue on the balance until it is paid in full. The interest rate is set by the state and can change each year.
It is important for property owners in Hernando County to pay their property taxes on time to avoid penalties and interest. If you have questions about your property taxes or penalties, it is recommended to contact the Hernando County Tax Collector's office for assistance.
We recommend contacting the Hernando County Tax Office or a local tax professional for the most up-to-date and accurate information.