Example of Johnson County Property Tax Calculation
To calculate Johnson County property tax, the county assessor's office first determines the assessed value of the property. This is based on factors such as the size of the property, its location, and any improvements made to it.
Once the assessed value is determined, the county applies the property tax rate, which is expressed as a percentage of the assessed value. For example, if the assessed value of a property is $100,000 and the property tax rate is 2%, the property tax owed would be $2,000.
In addition to the property tax rate, there may be other factors that affect the final tax amount. For instance, some areas within Johnson County may require additional taxes to fund local services such as schools or parks.
It's important to note that property taxes are typically paid in installments throughout the year, rather than in a lump sum. Property owners in Johnson County can expect to receive regular statements detailing their tax obligations and payment schedule.
If you want appeal your property tax assessment - contact your local tax assessor.
Johnson County Property Tax Rates
Here is a table listing the Johnson County property tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.5929 |
| School | $1.0231 |
| City of Olathe | $0.5233 |
| City of Overland Park | $0.4897 |
| City of Shawnee | $0.5056 |
Please note that these rates are subject to change and may vary based on the specific location and assessed value of the property. It's important for taxpayers to stay informed about their local property tax rates in order to properly plan and budget for any potential increases.
Who sets property tax rates in Johnson County ?
Property Tax Rates in Johnson County, USA
Who sets the property tax rates in Johnson County?
In Johnson County, the property tax rates are set by the Johnson County Board of Commissioners. The board is responsible for establishing and maintaining the tax rate, as well as overseeing the distribution of funds collected from property taxes.
When are the property tax rates set?
Each year, the Johnson County Board of Commissioners reviews and approves the property tax rates for the upcoming year. This typically happens in the fall, with the new tax rates going into effect on January 1st of the following year. Property owners in Johnson County can expect to receive their tax bills in the mail shortly after the new rates have been finalized.
How are property tax rates calculated?
Property tax rates in Johnson County are calculated based on the assessed value of the property. The county assessor's office determines the value of each property, taking into account factors such as location, size, and condition. The tax rate is then applied to this assessed value to determine the amount of taxes owed.
Conclusion
In summary, the Johnson County Board of Commissioners sets the property tax rates each year, with the new rates going into effect on January 1st. Property owners can expect to receive their tax bills shortly after the new rates have been finalized, and the amount owed is calculated based on the assessed value of the property.
Homestead exemptions in Johnson County ?
In Johnson County, Illinois, homeowners can take advantage of several Homestead exemptions and deductions. Here are the details and specific requirements for each:
Homestead Exemptions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Owner-occupied primary residences | Up to $6,000 | Must apply annually |
| Senior Citizen Homestead Exemption | Owner-occupied primary residences of those 65 or older | Up to $5,000 | Must apply annually |
| Homestead Improvement Exemption | Owner-occupied primary residences making improvements | Up to $25,000 | Applies to increased value due to improvements |
Deductions
| Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Disabled Veterans Standard Homestead Deduction | Disabled veterans and their unmarried surviving spouses | $2,500 | Must have at least a 10% service-connected disability |
| Disabled Persons Homestead Deduction | Disabled persons and their unmarried surviving spouses | Up to $2,000 | Must have a disability that precludes them from working |
| Long-Time Occupant Homestead Deduction | Homeowners who have lived in their residences for at least 10 years | Up to $5,000 | Must apply every three years |
Note that all homeowners must meet certain requirements to be eligible for these exemptions and deductions, such as owning and occupying their primary residence on the assessment date, having a valid homeowner's exemption, and not having any outstanding property tax bills. Homeowners should contact the Johnson County Assessor's office for more information and to apply for these exemptions and deductions.
When is Johnson County Property Tax due ?
Johnson County Property Tax typically becomes due on December 20th of each year. However, it's important to note that if December 20th falls on a weekend or holiday, the due date may be adjusted accordingly.
Johnson County Property Tax can be paid using several methods, including:
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Online: Johnson County provides an online payment portal where property owners can pay their taxes using an electronic check or credit card. However, please note that there is a service fee charged for using this service.
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By mail: Property owners can also choose to mail in their property tax payments using a check or money order. The address to mail the payment to is provided on the property tax bill.
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In-person: For those who prefer to pay in-person, Johnson County offers several options. Property owners can pay their taxes at the Johnson County Treasurer's Office, at a participating bank or credit union, or at a payment kiosk located throughout the county.
It's important to keep in mind that failure to pay property taxes on time can result in penalties, interest, and even foreclosure. As such, property owners should make every effort to pay their property taxes by the due date.
If you have more questions - contact your local tax collector.
How is Johnson County Property Tax penalty calculated ?
Johnson County applies a penalty to property taxes that are not paid by the due date. The penalty is calculated as a percentage of the overdue amount and increases monthly until the taxes are paid in full.
Here is an example of how the penalty is calculated:
| Month | Penalty Percentage |
|---|---|
| 1 | 1% |
| 2 | 2% |
| 3 | 3% |
| 4 | 4% |
| 5 | 5% |
| 6 | 6% |
| 7 | 7% |
| 8 | 8% |
| 9 | 9% |
| 10+ | 10% |
Let's say a property owner owes $1,000 in property taxes and misses the due date for payment. In the first month, the penalty would be 1% of the overdue amount, or $10. If payment is still not made in the second month, the penalty would increase to 2%, or $20. This would continue until the property owner pays the taxes in full or until the penalty reaches the maximum of 10%.
It's important for property owners in Johnson County to pay their property taxes on time to avoid penalties and additional fees.
We recommend contacting the Johnson County Tax Office or a local tax professional for the most up-to-date and accurate information.