Example of Johnston County Property Tax Calculation
Johnston County calculates property tax based on the assessed value of the property. The assessed value is determined by the county tax assessor's office, which takes into account factors such as the size, location, and condition of the property.
To calculate the property tax, the assessed value is multiplied by the tax rate set by the county government. For example, if the assessed value of a property is $100,000 and the tax rate is 1%, the property tax would be $1,000.
Property owners in Johnston County typically receive their property tax bill in the mail each year, with payment due by a certain deadline. Some property owners may also be eligible for tax exemptions or credits, such as for being a senior citizen or having certain disabilities.
It's important for property owners in Johnston County to understand how property taxes are calculated and to budget accordingly for this expense.
If you want appeal your property tax assessment - contact your local tax assessor.
Johnston County Property Tax Rates
The following table lists the Johnston County Property Tax rates in US dollars per 100$ of assessed value:
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| County | 0.698 |
| Fire District | 0.087 |
| Hospital | 0.104 |
| Special District | 0.075 |
| City | 0.660 |
Please note that these rates are subject to change, and other taxes may apply in certain circumstances. It is recommended to consult with a tax professional for specific advice regarding your property taxes in Johnston County.
Who sets property tax rates in Johnston County ?
In Johnston County, property tax rates are set by the County Commissioners. They typically do this during their annual budget process, which usually takes place in the early summer.
The County Commissioners set the tax rate based on a number of factors, including the county's budget needs, changes in property values, and any changes in state laws or regulations.
Once the tax rate has been set, property owners in Johnston County will receive their tax bills in the mail. These bills will include information on how much they owe and when their payment is due.
It's important for property owners to stay up-to-date on their tax payments in order to avoid penalties or interest charges. If they have any questions about their tax bill or the property tax process in general, they can reach out to the Johnston County Tax Office for assistance.
Homestead exemptions in Johnston County ?
In Johnston County, North Carolina, there are several Homestead exemptions and deductions available to eligible residents. To make it easy for you to understand, we've listed all of them in a table with four columns: exemption, eligibility, amount, and notes.
Homestead Exemptions and Deductions in Johnston County, NC
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly or Disabled | 65+ or permanently disabled | $25,000 | Exemption applies to the first $25,000 of assessed value |
| Disabled Veteran | Service-connected disability | Up to $45,000 | Exemption amount determined by percentage of disability |
| Surviving Spouse of Disabled Veteran | Spouse of a disabled veteran | Up to $45,000 | Exemption amount determined by percentage of disability |
| Circuit Breaker | Elderly or disabled with limited income | Varies | Exemption amount varies based on income and level of disability or age |
| Disabled or Deaf | Permanent disability or deafness | $5,000 | Exemption applies to any property tax due |
| Elderly | 65+ | $25,000 | Exemption applies to the first $25,000 of assessed value |
| Disabled Veteran's Homestead Exclusion | Service-connected disability | Varies | Up to $45,000 of appraised value may be excluded from taxation |
| Present Use Value | Qualifying agricultural, horticultural or forest land | Varies | Land must be in use for commercial agricultural, horticultural, or forestry purposes |
It's important to note that eligibility requirements and exemption amounts may change over time, so it's best to check with the local Johnston County government for the most up-to-date information. With these Homestead exemptions and deductions, eligible residents can potentially save money on their property taxes.
When is Johnston County Property Tax due ?
Johnston County Property Tax is typically due on September 1st of every year. There are several payment methods available for taxpayers to use, including:
- Online Payment: Taxpayers can pay their property taxes online by visiting the Johnston County Tax Administration website and following the instructions provided. Payments can be made using a credit/debit card or eCheck.
- Mail-in Payment: Taxpayers can mail their property tax payments to the Johnston County Tax Collector's Office. Payments must be postmarked by September 1st to avoid penalties.
- In-person Payment: Taxpayers can also pay their property taxes in person at the Johnston County Tax Collector's Office. The office is located at 207 E Johnston St, Smithfield, NC 27577.
It's important to note that penalties and interest will accrue on any unpaid property taxes starting on January 6th of the following year. Taxpayers who are unable to pay their property taxes in full by the due date may be eligible for a payment plan.
If you have more questions - contact your local tax collector.
How is Johnston County Property Tax penalty calculated ?
Johnston County imposes a penalty on property owners who fail to pay their property taxes on time. The penalty is calculated based on the delinquent taxes owed and the length of time the payment is past due. Here is an example to help explain the calculation process:
Let's say a property owner in Johnston County owes $2,000 in property taxes for the year 2021. The due date for payment is January 5, 2022. If the property owner fails to make the payment by the due date, a penalty will be applied.
The penalty is calculated as follows:
| Time Past Due | Penalty Rate |
|---|---|
| 1st Month | 2% |
| 2nd Month | 3% |
| 3rd Month | 4% |
| 4th Month | 5% |
| 5th Month | 6% |
| 6th Month | 7% |
In our example, let's assume the property owner doesn't pay the $2,000 until March 5, 2022. The property owner is now two months past due. The penalty rate for two months past due is 3%. Therefore, the penalty for this late payment would be $60 (2,000 x 0.03).
It's important to note that the penalty rate increases each month the payment is past due, as outlined in the table above. It's also important for property owners to pay their property taxes on time to avoid any penalties or additional fees.
In conclusion, property tax penalties in Johnston County are calculated based on the amount of delinquent taxes owed and the length of time the payment is past due. The penalty rate increases each month and property owners should make every effort to pay their taxes on time to avoid penalties and additional fees.
We recommend contacting the Johnston County Tax Office or a local tax professional for the most up-to-date and accurate information.