Example of Jim Wells County Property Tax Calculation
Jim Wells County calculates property tax based on the assessed value of the property. For example, if a property was assessed at $100,000, the tax rate for Jim Wells County is 1.7%. To calculate the property tax, multiply the assessed value by the tax rate:
$100,000 x 0.017 = $1,700
Therefore, the property tax for a property assessed at $100,000 in Jim Wells County would be $1,700. It is important to note that property tax rates can vary by county and can change from year to year.
If you want appeal your property tax assessment - contact your local tax assessor.
Jim Wells County Property Tax Rates
The Jim Wells County Property Tax rates are as follows in the table below:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | 0.4930 |
| Flood Control District | 0.0100 |
| Hospital District | 0.1550 |
| Junior College District | 0.1264 |
| Road & Bridge Fund | 0.1880 |
| School District | 1.2217 |
| Special Road District | 0.0260 |
Please note that these rates are subject to change, and property owners should consult with their local tax assessor's office for the most up-to-date information.
Who sets property tax rates in Jim Wells County ?
Who sets property tax rates in Jim Wells County?
The Jim Wells County Commissioners' Court is responsible for setting property tax rates in Jim Wells County. They meet annually to determine the county's budget and corresponding tax rates for the upcoming fiscal year.
When are property tax rates set in Jim Wells County?
The county's property tax rates are typically set in August or September of each year. This allows property owners to receive their tax bills in October and make any necessary payments by January 31st of the following year.
Here's a summary in a table:
| Who sets property tax rates in Jim Wells County? | Jim Wells County Commissioners' Court |
|---|---|
| When are property tax rates set in Jim Wells County? | August or September of each year |
Homestead exemptions in Jim Wells County ?
In Jim Wells County, Texas, homeowners are eligible for several Homestead exemptions and deductions. Here is a breakdown of the different types of exemptions and deductions available, along with some important notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Any homeowner who uses their property as their primary residence | Up to 20% of the property's appraised value | Must apply by April 30th |
| Over-65 Exemption | Homeowners over the age of 65 who use their property as their primary residence | Additional $10,000 deduction | Must apply by April 30th |
| Disability Exemption | Homeowners with a disability who use their property as their primary residence | Additional $10,000 deduction | Must apply by April 30th |
| Veteran Exemption | Disabled veterans or their surviving spouse who use their property as their primary residence | Up to $12,000 deduction | Must provide proof of disability and honorable discharge |
| Agricultural Land Exemption | Homeowners who use their property for agricultural purposes | Varies based on acreage and use | Must meet certain qualifications and provide documentation |
It is important to note that homeowners must apply for these exemptions and deductions by the deadline of April 30th. Failure to do so could result in missed savings on property taxes. Additionally, the amount of the exemptions and deductions may vary based on individual circumstances and qualifications.
By taking advantage of these Homestead exemptions and deductions, homeowners in Jim Wells County can save money on their property taxes and potentially lower their overall cost of homeownership.
When is Jim Wells County Property Tax due ?
Jim Wells County Property Tax Due Date and Payment Methods
Jim Wells County property tax is typically due on January 31st of each year. It is important for property owners to pay their property tax on or before this date to avoid penalties and interest charges.
There are several payment methods available for property owners in Jim Wells County. These include:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their taxes online using a credit or debit card or by e-check. To pay online, property owners can visit the Jim Wells County Tax Office website and follow the instructions. |
| By Mail | Property owners can also mail their tax payments to the Jim Wells County Tax Assessor-Collector's office. Payments made by mail must be postmarked on or before January 31st to avoid penalties and interest charges. |
| In Person | Property owners can visit the Jim Wells County Tax Assessor-Collector's office to make their tax payments in person. The office is located at 200 N Almond St, Suite 102, Alice, TX 78332. The office is open Monday through Friday from 8:00 am to 4:30 pm. |
It is important for property owners in Jim Wells County to know when their property tax is due and to choose a payment method that is convenient for them. By paying their property tax on time, property owners can avoid penalties and interest charges and help support their local community.
If you have more questions - contact your local tax collector.
How is Jim Wells County Property Tax penalty calculated ?
Jim Wells County calculates property tax penalties based on the amount of tax owed and the number of days the payment is late. The penalty is assessed at a rate of 6% per year, with a minimum penalty of $1.00 for each tax bill.
To illustrate, let's say that John owns a property in Jim Wells County and his property tax bill is due on January 31st. If he fails to pay the tax bill by the due date, he will be charged a penalty of 6% per year, or 0.5% each month, on the unpaid amount.
If John's property tax bill is $10,000 and he fails to pay it by the due date, he will owe an additional $50 in penalties for the first month, which is calculated as follows:
$10,000 x 0.005 = $50
If John still hasn't paid his property tax bill after two months, he will owe an additional $100 in penalties, calculated as follows:
$10,000 x 0.005 x 2 = $100
The penalties will continue to accrue until John pays his property tax bill in full.
Calculation Table
| Month | Outstanding Tax | Penalty |
|---|---|---|
| 1 | $10,000 | $50 |
| 2 | $10,000 | $100 |
| 3 | $10,000 | $150 |
| 4 | $10,000 | $200 |
| 5 | $10,000 | $250 |
| 6 | $10,000 | $300 |
| 7 | $10,000 | $350 |
| 8 | $10,000 | $400 |
| 9 | $10,000 | $450 |
| 10 | $10,000 | $500 |
It's important to note that if the property tax bill remains unpaid for more than one year, the penalty rate will increase to 12% per year until the tax bill is paid in full. Property owners in Jim Wells County should make sure to pay their property taxes on time to avoid unnecessary penalties.
We recommend contacting the Jim Wells County Tax Office or a local tax professional for the most up-to-date and accurate information.