Example of Jones County Property Tax Calculation
To calculate Jones County Property Tax, the county first determines the assessed value of the property. This is done by multiplying the property's market value by the assessment ratio, which in Jones County is currently 40%.
For example, if a property has a market value of $100,000, its assessed value would be $40,000 ($100,000 x 40% = $40,000).
Next, the county applies the millage rate to the assessed value. The millage rate is the amount of taxes owed per $1,000 of assessed value. In Jones County, the current millage rate is 14.681.
To calculate the property tax owed, you would divide the assessed value by 1,000, then multiply the result by the millage rate.
Using the previous example of a property with an assessed value of $40,000:
$40,000 รท 1,000 = 40
40 x 14.681 = $587.24
Therefore, the property tax owed for this property in Jones County would be $587.24.
It's important to note that property tax rates and millage rates can vary by county and can also change from year to year.
If you want appeal your property tax assessment - contact your local tax assessor.
Jones County Property Tax Rates
Here are the property tax rates for Jones County:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.92 |
| Fire District | $0.08 |
| City of Jones | $0.50 |
| City of Smithville | $0.45 |
As a tax advisor, it's important to note that these rates are subject to change and may not include special assessments or exemptions. It's recommended to consult with a local tax assessor for more detailed and up-to-date information on property taxes in Jones County.
Who sets property tax rates in Jones County ?
In Jones County, the property tax rates are set by the local government authorities, namely the County Commissioners. These rates are determined on an annual basis during a public hearing, typically held in the fall before tax bills are issued. The Commissioners take into account various factors such as the county's budget needs, inflation, and property values when deciding on the tax rates. Once the rates are set, they are applied uniformly to all property owners in the county. It is important to note that property tax rates may vary from year to year based on the county's financial needs and other factors.
Homestead exemptions in Jones County ?
Jones County in Texas offers a variety of Homestead exemptions and deductions to eligible homeowners. To help you understand these exemptions better, we have provided a table with the following columns:
| Column | Description |
|---|---|
| Exemption | The type of exemption available to homeowners in Jones County |
| Eligibility | The requirements that must be met in order to qualify for the exemption |
| Amount | The monetary value of the exemption or deduction |
| Notes | Any additional information that may be helpful to know |
Here are some examples of county specific Homestead exemptions and deductions in Jones County:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Residence Homestead | The property must be the individual's primary residence | Up to $25,000 | The property must be located within the county |
| Over 65 Homestead | The homeowner must be 65 years of age or older | Additional $10,000 | The homeowner must meet income requirements |
| Disability Homestead | The homeowner must have a disability | Additional $10,000 | The homeowner must meet income requirements |
| 100% Disabled Veterans | The homeowner must be a disabled veteran | 100% exemption | The property must be the veteran's primary residence |
| Agricultural Land | The property must be used for agricultural purposes | Varies based on use | The property must meet specific requirements set by the state |
It is important to note that eligibility requirements vary for each exemption, and some exemptions may have additional limitations or requirements. Homeowners in Jones County should consult with their local tax assessor-collector for more information on specific Homestead exemptions and deductions that may apply to their property.
When is Jones County Property Tax due ?
Jones County Property Tax is typically due on January 31st of each year. There are several payment methods available for taxpayers to make their payments on time.
- Online Payment - Taxpayers can pay their property taxes online by visiting the Jones County website and following the instructions provided. They can pay using an electronic check or credit card.
- Mail-In Payment - Taxpayers can mail their payments to the Jones County Tax Commissioner's office by using the pre-addressed envelope provided with their tax bill. They can pay using a check or money order.
- In-Person Payment - Taxpayers can pay their property taxes in person at the Jones County Tax Commissioner's office during regular business hours. They can pay using cash, check, or credit card.
It's important to note that if the due date falls on a weekend or holiday, the payment deadline will be extended to the next business day. Failure to pay property taxes on time can result in penalties and interest charges imposed by the county. Therefore, it's recommended for taxpayers to make their payments before the due date to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Jones County Property Tax penalty calculated ?
Jones County Property Tax Penalty Calculation
When property taxes are not paid on time, a penalty is added to the amount owed. The penalty is calculated as a percentage of the unpaid taxes, and it increases over time. Here is an example of how the penalty is calculated in Jones County:
- The due date for property taxes in Jones County is January 31st each year.
- If the taxes are not paid by that date, a penalty of 1% is added to the amount owed.
- An additional penalty of 1% is added for each month the taxes remain unpaid.
- After 10 months, the penalty reaches the maximum of 10%.
Let's say that John owns a home in Jones County and owes $2,000 in property taxes for the year. He does not pay by the January 31st deadline, so a 1% penalty of $20 is added to his account. If he still has not paid by March 1st, another 1% penalty of $20 is added, bringing the total penalty to $40. This continues each month until October 1st, when the penalty reaches the maximum of 10%, or $200. At this point, John owes $2,200 in property taxes and penalties.
It's important to note that even if the property owner did not receive a tax bill, they are still responsible for paying their taxes on time and avoiding penalties. Property owners can contact the Jones County Treasurer's Office to inquire about their tax bill and payment options.
We recommend contacting the Jones County Tax Office or a local tax professional for the most up-to-date and accurate information.