King George County Property Tax Rates
| Tax Type | Rate per $100 Assessed Value |
|---|---|
| Real Property | $0.67 |
| Personal Property | $4.90 |
| Machinery & Tools | $1.35 |
In King George County, Virginia, the property tax rates are as follows: For real property, the rate is $0.67 per $100 of assessed value. For personal property, the rate is $4.90 per $100 of assessed value. For machinery and tools, the rate is $1.35 per $100 of assessed value. It is important for taxpayers in King George County to be aware of these rates in order to properly plan and budget for their property tax payments.
Example of King George County Property Tax Calculation
King George County calculates property tax based on the assessed value of the property. The assessed value is determined by the county's assessment department. The tax rate for King George County is set by the Board of Supervisors and is based on the county's budget needs. The tax rate for the 2021-2022 fiscal year is $0.725 per $100 of assessed value.
To calculate the property tax for a home with an assessed value of $200,000, you would first divide the assessed value by 100 to get the taxable value of the property. So in this case, the taxable value would be $2,000. Then, you would multiply the taxable value by the tax rate of $0.725 per $100 of assessed value. That calculation would look like this:
$2,000 รท 100 = $20 (taxable value) $20 x $0.725 = $14.50 (property tax)
So the property tax for a home with an assessed value of $200,000 in King George County would be $14.50.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in King George County ?
Who sets property tax rates in King George County?
The Board of Supervisors is responsible for setting property tax rates in King George County. The board is composed of five elected members who make decisions related to county governance, including the budget.
When are property tax rates set in King George County?
The Board of Supervisors sets property tax rates annually during the budget process. The budget process typically occurs in the spring, and the new tax rates go into effect on July 1st of each year.
Below is a table summarizing the important information about property tax rates in King George County:
| Responsible Authority | Board of Supervisors |
|---|---|
| When are tax rates set? | Annually during the budget process |
| When do new tax rates go into effect? | July 1st of each year |
It's important to note that property tax rates can vary depending on the property's location and assessed value. Property owners in King George County should consult their individual tax bill for specific information about their property's tax rate.
When is King George County Property Tax due ?
King George County Property Tax is typically due on December 5th of each year. There are several payment methods available for taxpayers to pay their property tax bill in a timely manner.
Here are the payment methods and their descriptions:
| Payment Method | Description |
|---|---|
| Online Payment | Taxpayers can pay their property tax bill online through the King George County website. This is a secure and convenient way to make payments without leaving the comfort of their home. |
| Mail-in Payment | Taxpayers can also make their property tax payment via mail. The payment must be postmarked no later than December 5th to avoid any late fees or penalties. |
| In-person Payment | Taxpayers can visit the King George County Treasurer's office to pay their property tax bill in person. Accepted payment methods include cash, check, and credit/debit cards. |
It's important to note that late payment penalties and interest will be applied to any payments made after December 5th. Therefore, taxpayers are encouraged to make their payment before the due date to avoid any additional fees.
If you have more questions - contact your local tax collector.
Homestead exemptions in King George County ?
Here's a possible blog post based on the prompt:
All You Need to Know About Homestead Exemptions and Deductions in King George County, Virginia
If you own a home in King George County, Virginia, you may be eligible for a Homestead Exemption or Deduction. These tax breaks can help you save money on your property taxes by reducing the assessed value of your home. In this article, we'll provide you with a comprehensive overview of all the county-specific exemptions and deductions you need to know about.
Homestead Exemptions in King George County
A Homestead Exemption is a reduction in the assessed value of your primary residence, which can result in lower property taxes. King George County offers several Homestead Exemptions, including the following:
| Exemption Name | Eligibility | Amount | Notes |
|---|---|---|---|
| General Exemption | All homeowners | $4,000 | Must be the homeowner's primary residence |
| Senior Citizen Exemption | Age 65 or older or permanently disabled | $20,000 | Must meet income and other requirements |
| Disabled Veterans Exemption | Honorably discharged veterans with a 100% service-connected disability | 100% of assessed value | Must file an annual application |
Note that some of these exemptions may require you to file an application with the county or meet certain eligibility criteria. Check with the King George County Commissioner of the Revenue for more information.
Homestead Deductions in King George County
A Homestead Deduction is a reduction in the assessed value of your home, which can lower your property taxes. King George County offers several Homestead Deductions, including:
| Deduction Name | Eligibility | Amount | Notes |
|---|---|---|---|
| Land-Use Deduction | Certain agricultural and forestal landowners | Varies | Must meet acreage, income, and other requirements |
| Conservation Easement Deduction | Landowners who have donated a conservation easement | Varies | Must meet certain conservation criteria |
Again, some of these deductions may require you to file an application or meet other requirements. Contact the King George County Office of the Assessor for more information.
Overall, taking advantage of Homestead Exemptions and Deductions can help you save money on your property taxes in King George County. Be sure to explore all the options available to you and consult with your local tax authorities for guidance.
How is King George County Property Tax penalty calculated ?
King George County calculates property tax penalty based on the percentage of the unpaid taxes and the number of days the taxes are past due. The penalty is calculated as follows:
- Penalty percentage: The penalty percentage is determined by the date the tax payment is received. If the payment is received:
- Within 30 days after the due date: 0.5% of the unpaid taxes
- Between 31 and 60 days after the due date: 1% of the unpaid taxes
- Between 61 and 90 days after the due date: 2% of the unpaid taxes
- Between 91 and 120 days after the due date: 3% of the unpaid taxes
- More than 120 days after the due date: 10% of the unpaid taxes
- Number of days past due: The number of days past due is calculated from the due date of the taxes to the date the payment is received.
For example, if John owns a property in King George County and has an annual property tax bill of $3,000 that is due on January 1st. If John fails to pay the taxes, the penalty will be calculated as follows:
- If John pays the taxes on February 15th (45 days late), the penalty will be $30 (1% of $3,000).
- If John pays the taxes on April 30th (120 days late), the penalty will be $90 (3% of $3,000).
- If John pays the taxes on July 1st (181 days late), the penalty will be $300 (10% of $3,000).
In summary, King George County uses a percentage-based penalty system that increases with the number of days the taxes are past due. Property owners should make sure to pay their property taxes on time to avoid penalties.
We recommend contacting the King George County Tax Office or a local tax professional for the most up-to-date and accurate information.