Example of Hickman County Property Tax Calculation
Hickman County calculates property tax based on the assessed value of the property. The assessed value is determined by the County Assessor's office and is based on factors such as the property's location, size, and condition.
To calculate the property tax, the assessed value is multiplied by the county's tax rate. For example, if a property in Hickman County has an assessed value of $100,000 and the tax rate is 2%, the property tax would be $2,000.
It's important to note that certain exemptions and deductions may apply to reduce the property tax amount. Homeowners who use their property as their primary residence may qualify for a homestead exemption, which reduces the assessed value of the property. Additionally, seniors and veterans may be eligible for additional tax breaks.
Property taxes in Hickman County are due on October 1st of each year. Failure to pay the property tax on time may result in penalties and interest charges.
If you want appeal your property tax assessment - contact your local tax assessor.
Hickman County Property Tax Rates
The following table lists the Hickman County Property Tax rates in US dollars per 100$ of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $3.57 |
| City | $0.85 |
| School | $2.58 |
| Hospital | $0.42 |
| Fire | $0.30 |
| Solid Waste | $0.25 |
It's important to note that these rates are subject to change, and property owners should consult with a tax professional for the most up-to-date information.
Who sets property tax rates in Hickman County ?
Who sets property tax rates in Hickman County?
The property tax rates in Hickman County are set by the county government. The county's board of commissioners is responsible for approving the property tax rates annually.
When are property tax rates set in Hickman County?
The property tax rates in Hickman County are typically set in the late summer or early fall. Property owners in Hickman County can expect to receive their tax bills in October or November each year, and the taxes are due by the end of January of the following year.
Below is a table summarizing the key points:
| Who sets property tax rates in Hickman County? | The county government, specifically the board of commissioners |
|---|---|
| When are property tax rates set in Hickman County? | Late summer or early fall |
| When are tax bills sent out in Hickman County? | October or November |
| When are property taxes due in Hickman County? | End of January of the following year |
Homestead exemptions in Hickman County ?
To help residents of Hickman County, Tennessee make sense of the various Homestead exemptions and deductions available, the following table has been created. This table includes all county-specific information you need to know, organized into four columns: exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All residents | Up to $25,000 | Applies to primary residence |
| Disabled Veteran Exemption | Veterans with service-connected disability | Up to $100,000 | Applies to primary residence |
| Elderly and Disabled Exemption | Residents over 65 or with disabilities | Up to $37,000 | Income and property value restrictions apply |
| Property Tax Freeze | Residents over 65 or with disabilities | Limits property tax increase | Income and property value restrictions apply |
| Agricultural, Forest, or Open Space Land Exemption | Residents with qualifying land use | Varies | Must apply for program |
| Personal Property Tangible Tax Exemption | Residents with qualifying personal property | Up to $25,000 | Must apply for program |
It's important to note that eligibility requirements and exemption amounts may vary by county, so be sure to check with the local tax assessor's office for up-to-date information. Additionally, some exemptions may require an application or additional documentation, so make sure to follow all instructions carefully.
By taking advantage of these Homestead exemptions and deductions, residents of Hickman County can potentially save thousands of dollars on their property taxes.
When is Hickman County Property Tax due ?
Hickman County Property Tax is typically due on October 1st each year. This applies to all property owners in Hickman County, regardless of whether they own residential, commercial, or agricultural properties.
There are several payment methods available for Hickman County Property Tax. These include:
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Online Payment: You can pay your property tax online using a credit or debit card. The county website has a secure payment portal that accepts Visa, Mastercard, Discover, and American Express.
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Mail: You can also pay your property tax by mail. Simply send a check or money order payable to Hickman County Trustee to the address listed on your tax bill.
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In-Person: You can pay your property tax in person at the Hickman County Trustee's Office. They accept cash, checks, and money orders.
If you have any questions or concerns about your property tax payment, you can contact the Hickman County Trustee's Office directly. They will be happy to assist you and provide any additional information you may need.
If you have more questions - contact your local tax collector.
How is Hickman County Property Tax penalty calculated ?
The Hickman County Property Tax penalty is calculated based on the amount of unpaid property taxes and the length of time the taxes remain unpaid.
Here is an example:
- A property owner in Hickman County has property taxes due in the amount of $1,000.
- If the property owner fails to pay these taxes by the due date, they will incur a penalty of 1.5% of the unpaid balance, which is $15.
- If the taxes remain unpaid for an extended period of time, the penalty will increase to 10% of the unpaid balance, which is $100.
- Interest will also accrue on the unpaid balance at a rate of 1% per month until the taxes are paid in full.
To summarize, the Hickman County Property Tax penalty is calculated as follows:
| Unpaid Balance | Penalty |
|---|---|
| Up to 30 days | 1.5% |
| 31+ days | 10% |
If property taxes are not paid in full, interest at a rate of 1% per month will continue to accrue until they are paid.
It is important for property owners in Hickman County to pay their property taxes on time to avoid incurring penalties and interest.
We recommend contacting the Hickman County Tax Office or a local tax professional for the most up-to-date and accurate information.