Example of Hillsdale County Property Tax Calculation
Hillsdale County calculates property taxes based on the assessed value of the property. The assessed value is determined by the county assessor's office and takes into account factors such as the property's size, location, and condition.
To calculate the property tax, the assessed value is multiplied by the county's millage rate. A mill is equal to $1 of tax for every $1,000 of assessed property value. For example, if the assessed value of a home in Hillsdale County is $100,000 and the millage rate is 20 mills, the property tax would be $2,000 (100 x 20 = 2,000).
It's important to note that property taxes in Hillsdale County may also include additional fees or assessments for things like school districts or special improvement districts.
Overall, property tax calculations can vary depending on the specific property and location within Hillsdale County. It's always a good idea to consult with a real estate professional or tax advisor for more specific information.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Hillsdale County ?
In Hillsdale County, property tax rates are set by the County Board of Commissioners annually. They typically do this in September, after the County's budget has been approved. The tax rates are based on the County's budget needs and revenue projections, as well as the assessed value of individual properties within the jurisdiction. The tax rates are then applied to individual properties' assessed values to determine the amount of property tax owed. It's important to note that property tax rates may vary across different cities, townships, and school districts within Hillsdale County.
Hillsdale County Property Tax Rates
Here is a formatted table listing the Hillsdale County Property Tax rates:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| County General | $1.3817 |
| County Road | $0.5235 |
| County Senior Millage | $0.2000 |
| State Education | $2.3220 |
| Intermediate School | $0.6000 |
| Library | $0.2500 |
| Township General | $1.0000 |
| Fire | $0.7500 |
Note: These rates are for the year 2021 and are subject to change. The assessed value of a property is determined by the local government based on market values and property improvements.
When is Hillsdale County Property Tax due ?
Hillsdale County Property Tax Due Date and Payment Methods
Hillsdale County property tax is typically due on March 1st of each year. However, the due date may vary depending on the calendar year and any extensions provided by the county. It is advisable to check with the Hillsdale County Treasurer's Office to confirm the specific due date.
Payment Methods:
There are several convenient ways to pay the Hillsdale County property tax. These include:
| Payment Method | Description |
|---|---|
| In Person | Payment can be made in person at the Hillsdale County Treasurer's Office, located at 29 N Howell St, Hillsdale, MI 49242 |
| Online Payment | Property tax can be paid online through the Hillsdale County Treasurer's website using a credit card or electronic check |
| Payment can be sent via mail to the Hillsdale County Treasurer's Office at P.O. Box 129, Hillsdale, MI 49242. Check or money order should be made payable to "Hillsdale County Treasurer" |
It is important to note that late payments may result in penalties and interest charges. Therefore, it is advisable to pay the property tax on time to avoid any extra fees. If you have any questions or concerns, please contact the Hillsdale County Treasurer's Office.
If you have more questions - contact your local tax collector.
Homestead exemptions in Hillsdale County ?
In Hillsdale County, Michigan, there are various Homestead exemptions and deductions available to homeowners. To make it easier for you to understand, the following table includes all the county-specific exemptions and deductions that you can avail of:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Principal Residence Exemption | Homeowners who occupy their home as a primary residence | Up to 18 mills | Reduces the taxable value of the home |
| Veterans' Exemption | Veterans who were honorably discharged | Up to $6,000 | Applies to homes with a taxable value of less than $135,000 |
| Paraplegic Exemption | Paraplegic veterans or their surviving spouse | Up to $50,000 | Applies to homes with a taxable value of less than $90,000 |
| Blind Exemption | Blind individuals | Up to $3,500 | Applies to homes with a taxable value of less than $8,000 |
| Deceased Veterans' Exemption | Surviving spouse of a deceased veteran | Up to $6,000 | Applies to homes with a taxable value of less than $135,000 |
| Disabled Veterans' Exemption | Disabled veterans who were honorably discharged | Up to $40,000 | Applies to homes with a taxable value of less than $90,000 |
| Small Agricultural Exemption | Owners of agricultural property that is less than 3 acres | Up to 18 mills | Reduces the taxable value of the property |
| Poverty Exemption | Homeowners who are experiencing financial hardship | Varies based on income | Must apply with the local assessing office |
It is important to note that these exemptions and deductions have specific eligibility requirements, and you may need to apply with the local assessing office to avail of them. If you have any questions or concerns, it is recommended that you reach out to the local assessing office for further information.
How is Hillsdale County Property Tax penalty calculated ?
Hillsdale County Property Tax Penalty Calculation
When a property owner fails to pay their property taxes on time, a penalty will be assessed. The penalty is calculated based on the amount due and the length of time the payment is overdue.
Here is an example of how the penalty is calculated:
Assume a property owner owes $2,000 in property taxes for the year. If the payment is not received by the due date of March 1st, a penalty will be assessed. The penalty amount is determined by applying a rate of 1% per month to the unpaid balance. In this case, the payment is 30 days late, so the penalty will be 1% of $2,000, or $20. If the payment is still not received by April 1st, the penalty will increase to 2% of the unpaid balance, or $40.
The penalty will continue to increase each month until the payment is received in full. Once the payment is made, the penalty will stop accruing.
It's important to note that the penalty is in addition to the original amount owed, so it's in the property owner's best interest to pay on time and avoid unnecessary fees.
Summary:
- Penalty is assessed when property taxes are not paid on time.
- Penalty is calculated based on the amount due and the length of time the payment is overdue.
- Penalty rate is 1% per month.
- Penalty continues to increase each month until the payment is made in full.
- Payment of penalty stops accruing once the payment is made.
We recommend contacting the Hillsdale County Tax Office or a local tax professional for the most up-to-date and accurate information.