Example of Kimble County Property Tax Calculation
Kimble County Property Tax calculation can be a bit confusing, but here is an easy example to help you understand.
Let's say there is a property located in Kimble County with a taxable value of $100,000. The county's tax rate for the year is 0.5%, which means that the property owner will pay 0.5% of the property's taxable value in taxes.
To calculate the property tax, you would first multiply the taxable value ($100,000) by the tax rate (0.5%).
$100,000 x 0.5% = $500
So the property owner would be required to pay $500 in property taxes for the year.
Remember, property tax rates can vary from year to year and can be different for different areas. It's important to keep track of property tax rates in your area to ensure you are paying the correct amount.
If you want appeal your property tax assessment - contact your local tax assessor.
Kimble County Property Tax Rates
Kimble County Property Tax Rates:
| Tax | Rate per $100 Assessed Value |
|---|---|
| County | $0.4024 |
| City | $0.3058 |
| School | $1.0400 |
| Hospital | $0.1649 |
| Total | $1.9131 |
The property tax rates for Kimble County are broken down into multiple categories such as county, city, school, and hospital. The county tax rate is $0.4024 per $100 of assessed value, the city tax rate is $0.3058 per $100 of assessed value, the school tax rate is $1.0400 per $100 of assessed value, and the hospital tax rate is $0.1649 per $100 of assessed value. The total property tax rate for Kimble County is $1.9131 per $100 of assessed value.
Who sets property tax rates in Kimble County ?
Who sets property tax rates in Kimble County?
The property tax rates in Kimble County are set by the Kimble County Commissioners Court. This Court is composed of five elected officials who are responsible for managing the county's affairs, including tax rates.
When are property tax rates set in Kimble County?
The property tax rates in Kimble County are set annually by the Commissioners Court during a public hearing. This hearing usually takes place in the summer, between August and September. During this hearing, members of the public are encouraged to provide feedback on the proposed tax rates before they are finalized.
How are property tax rates determined in Kimble County?
The property tax rates in Kimble County are determined by taking into account the county's budgetary needs and the taxable value of properties within the county. The Commissioners Court will set the tax rate based on these factors to ensure that the county can provide necessary services while also maintaining a reasonable tax burden on property owners.
For more information on property taxes in Kimble County, individuals can visit the Kimble County Tax Assessor-Collector's website or contact their office directly.
Homestead exemptions in Kimble County ?
Kimble County in Texas offers several Homestead exemptions and deductions to eligible residents. Below is a table with columns for exemption, eligibility, amount, and notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | Up to $25,000 | Reduces the taxable value of the property |
| Over-65 or Disabled Person Homestead Exemption | Homeowners over 65 years old or disabled | Up to $10,000 | Reduces the taxable value of the property |
| Disabled Veteran Homestead Exemption | Disabled veterans and their surviving spouses | Up to $12,000 | Reduces the taxable value of the property |
| Optional Percentage Homestead Exemption | All homeowners | Up to 20% | Reduces the taxable value of the property by a percentage |
| Agricultural Land Deduction | Owners of agricultural land | Up to 20% | Reduces the taxable value of the land |
| Timberland Deduction | Owners of timberland | Up to 20% | Reduces the taxable value of the land |
| Open-Space Deduction | Owners of open-space land | Up to 20% | Reduces the taxable value of the land |
It is important to note that eligibility and amounts may vary based on specific circumstances and should be verified with the Kimble County Appraisal District. These exemptions and deductions can provide significant tax savings for eligible residents in Kimble County.
When is Kimble County Property Tax due ?
Kimble County Property Tax is typically due on January 31st each year in the United States. There are several payment methods available to taxpayers, including:
| Payment Method | Details |
|---|---|
| Online | Taxpayers can pay their property taxes online through the Kimble County Tax Office website. This method accepts credit, debit, or e-checks. |
| Taxpayers can mail in their payment to the Kimble County Tax Office. Payments must be postmarked by January 31st to avoid penalties. | |
| In-Person | Payments can be made in-person at the Kimble County Tax Office during regular business hours. Payments can be made with cash, check, or money order. |
It is important to note that failure to make timely payments may result in penalties and interest charges. Taxpayers are encouraged to plan accordingly and make their property tax payments on time to avoid any unnecessary fees.
If you have more questions - contact your local tax collector.
How is Kimble County Property Tax penalty calculated ?
Kimble County Property Tax Penalty Calculation
When a property owner in Kimble County fails to pay their property taxes in full by the due date, they will be subject to penalties and interest charges. The penalty is calculated based on the amount of delinquent taxes owed and the number of months past the due date.
The penalty for delinquent Kimble County property taxes is calculated as follows:
| Month | Penalty Rate |
|---|---|
| 1 | 6% |
| 2 | 7% |
| 3 | 8% |
| 4 | 9% |
| 5 | 10% |
| 6 | 11% |
| 7 | 12% |
For example, if a property owner fails to pay their $1,000 Kimble County property tax bill by the due date, the penalty calculation would be as follows:
| Month Past Due | Penalty Rate | Penalty Amount |
|---|---|---|
| 1 | 6% | $60 |
| 2 | 7% | $70 |
| 3 | 8% | $80 |
| 4 | 9% | $90 |
| Total Penalty | - | $300 |
In addition to the penalty, interest will also be charged on the delinquent taxes at a rate of 1% per month until the taxes are paid in full.
It is important for property owners in Kimble County to pay their property taxes on time to avoid penalties and interest charges. If you have questions or concerns about your property tax bill or penalty calculation, you should contact the Kimble County Tax Assessor-Collector's office for assistance.
We recommend contacting the Kimble County Tax Office or a local tax professional for the most up-to-date and accurate information.