Lee County Property Tax Rates
The table below shows the Lee County Property Tax rates in dollars per $100 of assessed value:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.85 |
| Municipal Tax | $0.32 - $1.00 |
| School District | $1.50 - $7.42 |
| Water District | $0.05 - $1.00 |
| Fire District | $0.33 - $2.77 |
It is important to note that the exact rate for the Municipal, School District, Water District, and Fire District taxes varies depending on the specific location within Lee County.
Example of Lee County Property Tax Calculation
Lee County property tax is calculated by multiplying the assessed value of a property by the applicable tax rate. For example, if a property in Lee County has an assessed value of $100,000 and the tax rate is 2.5%, the property tax would be $2,500.
To determine the assessed value of a property, the Lee County Property Appraiser assesses properties based on their market value as of January 1st of each year. This assessment takes into account factors such as location, size, and condition of the property.
Once the assessed value of the property has been determined, the Lee County Tax Collector applies the appropriate tax rate to calculate the property tax due.
It is important to note that there may be additional taxes and fees applicable to a property in Lee County, such as special assessments or fees for specific services.
Overall, calculating Lee County property tax involves determining the assessed value of a property and applying the appropriate tax rate.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Lee County ?
Lee County Property Tax Rates
Lee County property tax rates are set by the Lee County Board of Commissioners. The Board sets the tax rates annually during their budget meetings, which typically occur in the summer months. The rates are based on the assessed value of the property, which is determined by the Lee County Property Appraiser.
The property tax rate is used to calculate the amount of property taxes that property owners in Lee County must pay each year. The tax revenue collected is used to fund various county services, including schools, roads, and emergency services.
Property owners in Lee County receive their property tax bills in November and have until March of the following year to pay them. It is important for property owners to pay their property taxes on time to avoid penalties and interest charges.
Overall, the Lee County property tax rate is determined by the Board of Commissioners, based on the assessed value of the property. Property owners should stay informed about any changes to the tax rate and pay their property taxes on time to avoid any issues.
Homestead exemptions in Lee County ?
The table below includes all the county-specific Homestead exemptions and deductions in Lee County, Illinois. These exemptions are designed to reduce the property taxes for eligible homeowners in the county.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Any homeowner | Up to $6,000 | Applies to primary residence |
| Senior Citizen Homestead Exemption | Homeowner 65 or older | Up to $5,000 | Applies to primary residence |
| Home Improvement Exemption | Any homeowner | Up to $75,000 | Applies to property with a recent improvement |
| Disabled Veterans' Standard Homestead Exemption | Disabled veteran | Up to $2,500 | Applies to primary residence |
| Disabled Veterans' Homestead Exemption | Disabled veteran or surviving spouse | Varies | Applies to primary residence |
| Disabled Persons' Homestead Exemption | Homeowner with disabilities | Up to $2,000 | Applies to primary residence |
| Returning Veterans' Homestead Exemption | Recently returned veteran | Up to $5,000 | Applies to primary residence |
| Natural Disaster Homestead Exemption | Any homeowner | Up to $25,000 | Applies to property damaged by a natural disaster |
It is important to note that eligibility requirements may vary for each exemption, so homeowners in Lee County should consult with their local tax assessor's office for more information. Applying for these exemptions and deductions can significantly reduce property taxes and provide relief for eligible homeowners.
When is Lee County Property Tax due ?
Lee County Property Tax is typically due by March 31st of each year. This means that property owners in Lee County, located in the state of Florida, must pay their property taxes by this deadline to avoid any penalties or late fees.
There are several methods for property owners to pay their property tax in Lee County. The options include:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their property tax online using a credit card, debit card, or electronic check. This can be done through the Lee County Tax Collector's website. |
| Property owners can mail their property tax payment to the Lee County Tax Collector's office. The address can be found on their website or on the property tax bill. | |
| In-person | Property owners can also pay their property tax in person at the Lee County Tax Collector's office. They accept cash, check, or money order. |
| Installments | Property owners can also choose to pay their property tax in installments. This option allows property owners to make payments throughout the year, rather than one lump sum. |
It is important for property owners to remember the due date, as failure to pay on time can result in a penalty or interest charge. Additionally, property owners should keep their receipts and records of payment for tax purposes.
If you have more questions - contact your local tax collector.
How is Lee County Property Tax penalty calculated ?
Lee County Property Tax Penalty Calculation
The Lee County Property Tax Penalty is calculated based on the amount of unpaid property taxes and the length of time the taxes have remained unpaid. The penalty is added to the original amount of tax owed and increases over time until the tax is paid in full.
Here is an example of how the Lee County Property Tax Penalty is calculated:
| Year | Description | Tax Amount | Penalty |
|---|---|---|---|
| Year 1 | Property Tax Due | $1,000 | $0 |
| Year 2 | Property Tax Unpaid | $1,000 | $100 |
| Year 3 | Property Tax Unpaid | $1,000 | $200 |
| Year 4 | Property Tax Unpaid | $1,000 | $300 |
As shown in the table above, if the property tax is not paid in the first year, a penalty of 10% is added to the amount owed. If the tax remains unpaid in the second year, an additional penalty of 10% is added to the original tax amount and the first penalty. This continues each year until the tax is paid in full or until the maximum penalty of 25% is reached.
It is important to pay property taxes on time to avoid accruing penalties and interest charges. Contact the Lee County Tax Collector's office for more information on payment options and deadlines.
We recommend contacting the Lee County Tax Office or a local tax professional for the most up-to-date and accurate information.