Example of Josephine County Property Tax Calculation
Josephine County calculates property taxes based on the assessed value of the property. The assessed value is determined by the County Assessor's Office and is equal to the market value of the property.
To calculate the property tax, the assessed value is multiplied by the tax rate for the district in which the property is located. The tax rate is determined by the local government and can vary depending on the area.
For example, if a property in Josephine County has an assessed value of $300,000 and the tax rate for the district is 1.5%, the property tax would be calculated as follows:
$300,000 x 0.015 = $4,500
Therefore, the property tax for this property in Josephine County would be $4,500 per year.
If you want appeal your property tax assessment - contact your local tax assessor.
Josephine County Property Tax Rates
The Josephine County Property Tax rates are as follows, displayed in a formatted table:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General | $2.1748 |
| Library | $0.4995 |
| Juvenile Justice Center | $0.1284 |
| Public Health | $0.1717 |
| Veterans Services | $0.0491 |
It is important to note that property tax rates are subject to change and may vary depending on individual circumstances. As a tax advisor, it is recommended to consult with local authorities for the most up-to-date and specific information related to property taxes.
Who sets property tax rates in Josephine County ?
Who sets property tax rates in Josephine County?
The Josephine County Board of Commissioners is responsible for setting property tax rates in Josephine County. They do this annually during a public hearing, where the public has the opportunity to voice their opinions and concerns about the proposed rates.
When are property tax rates set in Josephine County?
Property tax rates in Josephine County are set annually, typically in the late summer or early fall, in time for tax bills to be sent out by October 25th.
How are property tax rates determined in Josephine County?
Property tax rates in Josephine County are determined by taking the amount of money needed to fund the county's annual budget, subtracting any other sources of revenue, and then dividing that number by the total assessed value of all taxable property in the county. This calculation results in the "tax rate" or "millage rate" for the year. For example, if the county needs $10 million to fund its budget, and the total assessed value of all taxable property in the county is $1 billion, the tax rate for the year would be 1%.
It is important to note that property tax rates can vary depending on the specific location within the county, as well as any additional taxes or fees that may be assessed by other local, state, or federal entities.
Homestead exemptions in Josephine County ?
To assist Josephine County residents in understanding their Homestead exemptions and deductions, the table below provides a breakdown of county-specific information related to exemptions, eligibility requirements, amounts, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Primary residence of owner or qualifying family member | $50,000 | Applies to the equity value of the property |
| Senior Citizen and Disabled Persons Homestead Exemption | Primary residence of owner who is 62 years or older or has a qualifying disability | $64,000 | Applies to the equity value of the property |
| Surviving Spouse Homestead Exemption | Primary residence of surviving spouse of a deceased owner who would have qualified for the General Homestead Exemption | Continues the exemption in place for the deceased owner | Must provide proof of eligibility |
| Supplementary Homestead Exemption | Primary residence of an eligible individual who receives a federal or state low-income housing subsidy | $3,000 | Applies to the assessed value of the property |
It is important to note that some exemptions may not be combined and some require timely filings or renewals. Additionally, exemptions may be subject to change or modification by state or local authorities. Josephine County residents are encouraged to consult with a qualified tax professional for individualized advice on how to maximize their Homestead exemptions and deductions.
When is Josephine County Property Tax due ?
Josephine County Property Tax is typically due on November 15th each year. The county provides several payment methods for residents to make their payments on time. These methods include:
| Payment Method | Details |
|---|---|
| Payments can be mailed to the Josephine County Tax Collector's office at P.O. Box 69, Grants Pass, OR 97528. The envelope must be postmarked by November 15th to avoid late fees. | |
| In Person | Payments can be made in person at the Josephine County Courthouse located at 500 NW 6th St, Grants Pass, OR 97526. The office is open Monday through Friday from 8:00 am to 4:00 pm. |
| Online | Payments can be made online at the Josephine County Treasurer's website. Residents can make a one-time payment or set up automatic payments. |
It is important to note that late payments will be assessed a penalty of 3% of the total tax amount or $10, whichever is greater. So, residents are encouraged to make their payments on time or arrange for a payment plan if they are unable to pay the full amount by the due date.
If you have more questions - contact your local tax collector.
How is Josephine County Property Tax penalty calculated ?
The Josephine County Property Tax penalty is calculated based on a percentage of the unpaid taxes. The penalty is added to the outstanding balance after the deadline for payment has passed. The exact percentage varies depending on the length of time the taxes are overdue. Here is an example to illustrate:
| Date | Description | Amount |
|---|---|---|
| 10/15/2021 | Property tax bill due | $1,000 |
| 11/16/2021 | One month late | $50 penalty added (5% of $1,000) |
| 12/17/2021 | Two months late | $100 penalty added (10% of $1,000) |
| 01/18/2022 | Three months late | $150 penalty added (15% of $1,000) |
| 02/18/2022 | Four months late | $200 penalty added (20% of $1,000) |
As you can see, the penalty increases by 5% for each month the taxes remain unpaid. After four months, the penalty reaches the maximum of 20% of the original tax bill. It is important to pay property taxes on time in order to avoid these penalties and ultimately, potential foreclosure on one's property.
We recommend contacting the Josephine County Tax Office or a local tax professional for the most up-to-date and accurate information.