Example of Jefferson County Property Tax Calculation
Jefferson County Property Tax calculation is determined based on the assessed value of a property and the millage rate set by the county. The assessed value is determined by the county appraiser's office and is based on the current market value of the property.
To calculate the property tax, the assessed value of the property is multiplied by the millage rate. For example, if the assessed value of a property is $100,000 and the millage rate is 20 mills, the property tax would be $2,000.
It's important to note that property tax is used to fund local government services such as schools, roads, and public safety. Property owners can appeal their assessed value if they believe it is incorrect, which could potentially lower their property tax bill.
Overall, understanding property tax calculation is important for all property owners to be aware of their financial obligations and budget accordingly.
If you want appeal your property tax assessment - contact your local tax assessor.
Jefferson County Property Tax Rates
The Jefferson County Property Tax rates are as follows:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| General Fund | $0.2540 |
| Schools | $0.7370 |
| Road and Bridge | $0.0750 |
| Fire Protection | $0.0640 |
| Library | $0.0440 |
| Total | $1.1740 |
It is important for property owners in Jefferson County to be aware of these tax rates in order to properly plan and budget for their property taxes. These rates are subject to change annually, so it is recommended to stay updated on any updates or changes to the tax rates.
Who sets property tax rates in Jefferson County ?
Who sets property tax rates in Jefferson County? The Jefferson County Property Valuation Administrator (PVA) sets the property tax rates in Jefferson County. The PVA is responsible for assessing the value of each property in the county and determining the appropriate tax rate based on that value.
When are property tax rates set in Jefferson County? Property tax rates in Jefferson County are set annually, typically in the fall. The PVA will assess the value of each property in the county, and the Jefferson County Board of Education and the Louisville Metro Council will then determine the appropriate tax rates based on that assessment.
How are property tax rates in Jefferson County determined? Property tax rates in Jefferson County are determined based on the value of each property assessed by the PVA. The tax rates are calculated by dividing the total amount of revenue needed by the assessed value of all properties in the county. This results in the property tax rate for the county, which is then applied to each individual property based on its assessed value.
What is the current property tax rate in Jefferson County? The current property tax rate in Jefferson County is $13.35 per $1,000 of assessed value. This rate applies to all properties in the county, and is determined annually by the Jefferson County Board of Education and the Louisville Metro Council based on the assessment conducted by the PVA.
Homestead exemptions in Jefferson County ?
In Jefferson County, Illinois, there are several Homestead exemptions and deductions that homeowners may qualify for. To make it easier to understand, we have compiled a table with the necessary information:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Any homeowner | Up to $6,000 | Reduces the equalized assessed value (EAV) of the property |
| Senior Citizen Homestead Exemption | Homeowner aged 65 or older | Up to $5,000 | Can be combined with other exemptions, but the total cannot exceed $6,000 |
| Homestead Improvement Exemption | Any homeowner | Up to $25,000 | Available for improvements to the property |
| Disabled Veterans' Standard Homestead Exemption | Qualifying veteran with a disability | $2,500 | Can be combined with other exemptions |
| Disabled Veterans' Homestead Exemption | Qualifying veteran with a service-related disability | Exempt from paying property taxes | Must apply with the Illinois Department of Veterans Affairs |
Note that some of these exemptions may require additional documentation or qualifications. Homeowners should consult with the Jefferson County Assessor's office or their local tax assessor for more information.
Overall, the Homestead exemptions and deductions in Jefferson County can provide significant savings for eligible homeowners.
When is Jefferson County Property Tax due ?
Jefferson County Property Tax is typically due on January 31st of each year. Property owners in Jefferson County are required to pay their property taxes by this deadline to avoid any late payment penalties or interest charges.
There are several payment methods available for property owners in Jefferson County. They can choose to pay their property taxes in person, through the mail, online, or by phone.
Here is a breakdown of the different payment methods:
| Payment Method | Description |
|---|---|
| In Person | Property owners can pay their property taxes by visiting the Jefferson County Treasurer's Office. The office is located at 100 Jefferson County Parkway in Golden, Colorado. |
| Property owners can also choose to mail their property tax payment to the Jefferson County Treasurer's Office. The address is P.O. Box 1677, Golden, CO 80402-1677. | |
| Online | Property owners can pay their property taxes online through the Jefferson County Treasurer's website. They can use a credit card, debit card, or e-check to make their payment. |
| Phone | Property owners can also pay their property taxes by phone by calling the Jefferson County Treasurer's Office at (303) 271-8330. |
It is important for property owners in Jefferson County to pay their property taxes on time to avoid any penalties or interest charges. If a property owner is unable to pay their property taxes by the January 31st deadline, they should contact the Jefferson County Treasurer's Office to discuss payment options.
If you have more questions - contact your local tax collector.
How is Jefferson County Property Tax penalty calculated ?
Jefferson County calculates property tax penalties based on a set of rules that are designed to incentivize timely payment of property taxes. The penalty is added to the property tax amount when the deadline for payment has passed. Here's how it works:
Penalty Calculation
- A penalty of 1% is added to the original tax amount on the day after the due date.
- An additional 1% penalty is added each month thereafter until the tax is paid in full.
- The maximum penalty that can be charged is 10%.
Here's an example to illustrate how the penalty is applied:
| Payment deadline | Original tax amount | Penalty (1%) | Penalty (1%) | Penalty (1%) | Total amount due |
|---|---|---|---|---|---|
| February 1st | $1,000 | $10 | - | - | $1,010 |
| March 1st | $1,000 | $10 | $10 | - | $1,020 |
| April 1st | $1,000 | $10 | $10 | $10 | $1,040 |
| May 1st | $1,000 | $10 | $10 | $10 | $1,060 |
| June 1st | $1,000 | $10 | $10 | $10 | $1,080 |
| July 1st | $1,000 | $10 | $10 | $10 | $1,100 |
| August 1st | $1,000 | $10 | $10 | $10 | $1,120 |
| September 1st | $1,000 | $10 | $10 | $10 | $1,140 |
| October 1st | $1,000 | $10 | $10 | $10 | $1,160 |
| November 1st | $1,000 | $10 | $10 | $10 | $1,180 |
In this example, if the property owner pays on the due date, they will pay the original tax amount of $1,000. If they pay one month late, they will pay the original tax amount plus a penalty of $10 (1% of the original tax amount). If they pay two months late, they will pay the original tax amount plus two penalties (2% of the original tax amount), and so on.
It's important to note that these penalties are in addition to any interest charges that may also apply. Property owners should aim to pay their taxes on or before the due date to avoid these penalties and any potential interest charges.
We recommend contacting the Jefferson County Tax Office or a local tax professional for the most up-to-date and accurate information.