Example of Juneau City And Borough Property Tax Calculation
Juneau City and Borough Property Tax is calculated based on the assessed value of the property owned by the individual. The assessed value is determined by the local government's assessment office every year. The property tax rate is established by the Juneau City and Borough Assembly each year.
To calculate the property tax, the assessed value of the property is multiplied by the property tax rate. For example, if the assessed value of a property is $100,000 and the property tax rate is 2%, then the property tax would be $2,000 (100,000 x 0.02).
It's important to note that some properties may qualify for exemptions or deductions, which can lower the assessed value and ultimately lower the property tax owed. Homeowners should check with the Juneau City and Borough assessment office to see if they qualify for any exemptions or deductions.
Overall, understanding how Juneau City and Borough Property Tax is calculated can help homeowners plan for their property tax payments and budget accordingly.
If you want appeal your property tax assessment - contact your local tax assessor.
Juneau City And Borough Property Tax Rates
The following table shows the property tax rates for Juneau City and Borough:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General Fund | $10.66 |
| School District | $5.92 |
| Debt Service | $1.65 |
| Roaded Service Area | $0.26 |
| Areawide General | $0.93 |
It is important to note that these rates are subject to change and may vary based on individual property assessments. As a tax advisor, it is recommended to review the specific details of your property tax assessment with the appropriate authorities.
Who sets property tax rates in Juneau City And Borough ?
In Juneau City and Borough, property tax rates are set by the Assembly, which is a nine-member elected body that serves as the legislative branch of the local government. The Assembly typically adopts the property tax rates during the annual budget process, which occurs in May or June of each year. Once the rates are set, property owners in Juneau City and Borough are responsible for paying their property taxes based on the assessed value of their property. It is important to note that property tax rates can vary depending on a number of factors, including changes in local property values, changes in state or federal tax laws, and changes in local budget priorities. Therefore, property owners in Juneau City and Borough should stay informed about any changes in property tax rates and consult with a tax advisor or other financial professional if they have any questions or concerns.
Homestead exemptions in Juneau City And Borough ?
As a blogger, it is important to provide valuable information to your readers. For those residing in Juneau City and Borough in Alaska, it is crucial to understand the various Homestead exemptions and deductions that are available to them. Below is a table outlining the columns of exemption, eligibility, amount, and notes for all county-specific Homestead exemptions and deductions in Juneau City and Borough, Alaska.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Residential Exemption | Owner-occupied residential property | $20,000 | Applies only to the assessed value of the property |
| Senior Citizen Exemption | Owner-occupied residential property by a senior citizen | $150,000 | Applies to the assessed value of the property |
| Disabled Veterans Exemption | Honorably discharged veterans with a service-connected disability | $150,000 | Applies to the assessed value of the property |
| Widow or Widower Exemption | Widowed individual | $20,000 | Applies only to the assessed value of the property |
| Low Income Exemption | Owner-occupied residential property by a low-income household | Varies | Based on the assessed value of the property and the household income |
| Property Tax Deferral | Low-income seniors or disabled individuals | Varies | Allows for deferred payment of property taxes |
Note that eligibility requirements may vary for each exemption and deduction. It is important to thoroughly review the guidelines and qualifications before applying. Additionally, it is recommended to consult with a tax professional or county official for further assistance.
Overall, understanding Homestead exemptions and deductions can provide significant savings on property taxes for eligible individuals. By utilizing this table as a reference, readers in Juneau City and Borough can better navigate the process and potentially benefit from these exemptions and deductions.
When is Juneau City And Borough Property Tax due ?
Juneau City And Borough Property Tax Due Dates and Payment Methods
If you are a property owner in Juneau City and Borough, you are likely aware of the property tax you are required to pay annually. The due date for this tax is typically on or before December 31st of each year.
You have several options when it comes to paying your property tax in Juneau City and Borough. These options include:
| Payment Method | Description |
|---|---|
| Online Payment | Pay your property tax online using the Juneau City and Borough's secure online payment system. You can pay using a credit card or an e-check. |
| In-Person Payment | You can also pay your property tax in person at the Juneau City and Borough Treasury Division. The address is 155 South Seward Street, Suite 200, Juneau, Alaska 99801. |
| Mail-In Payment | If you prefer to pay by mail, you can send a check or money order to the Juneau City and Borough Treasury Division. The address is P.O. Box 110650, Juneau, Alaska 99811-0650. |
| Automatic Payment | Juneau City and Borough also offer an automatic payment plan. This plan allows you to have your property tax payment automatically deducted from your checking or savings account. |
It is important to note that if you do not pay your property tax by the due date, you may be subject to penalties and interest charges. So, make sure to pay on time to avoid any extra fees.
In conclusion, the Juneau City And Borough Property Tax is due on or before December 31st of each year. You can pay online, in person, by mail, or by setting up automatic payments. Choose the option that works best for you, and make sure to pay on time to avoid penalties and interest charges.
If you have more questions - contact your local tax collector.
How is Juneau City And Borough Property Tax penalty calculated ?
Juneau City and Borough calculates the property tax penalty based on the amount of taxes owed and the number of days past the due date. The penalty is calculated as a percentage of the overdue taxes and accrues daily until the taxes are paid in full.
Here is an example:
Let's say a property owner in Juneau City and Borough owes $10,000 in property taxes for the year. The taxes are due on June 30th, but the property owner misses the deadline and doesn't pay until August 15th. The property owner is now 46 days past the due date.
The penalty for late payment is 1% per month (or 0.0333% per day) of the overdue taxes. So, for this example, the penalty would be calculated as follows:
(46 days past due date) x (0.0333% per day) x ($10,000 in overdue taxes) = $1,533.80
Therefore, the property owner would owe a total of $11,533.80 ($10,000 in overdue taxes + $1,533.80 in penalties) for the year.
It's important to note that the penalty for late payment is in addition to any interest that may accrue on the overdue taxes. Interest rates vary depending on the specific circumstances, so it's best to contact the Juneau City and Borough tax office for more information.
Overall, it's essential for property owners in Juneau City and Borough to pay their property taxes on time to avoid penalties and interest charges.
We recommend contacting the Juneau City And Borough Tax Office or a local tax professional for the most up-to-date and accurate information.