Example of Livingston County Property Tax Calculation
Livingston County calculates property tax based on the assessed value of a property. The assessed value is determined by the county assessor's office based on various factors such as the market value of the property, improvements made to the property, and the property's location.
Once the assessed value is determined, the county applies a tax rate to calculate the annual property tax owed. For example, if the assessed value of a property is $100,000 and the tax rate is 2%, the property owner would owe $2,000 in property taxes for the year.
It's important to note that property taxes in Livingston County may also include additional levies for things like school districts or special assessments for local improvements. These additional levies can increase the overall property tax bill for the property owner.
Overall, understanding how property taxes are calculated in Livingston County can help property owners better plan for their expenses and budget accordingly.
If you want appeal your property tax assessment - contact your local tax assessor.
Livingston County Property Tax Rates
Here is a formatted table of Livingston County Property Tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General County Tax | $2.80 |
| County Road Tax | $1.38 |
| County Solid Waste Tax | $0.42 |
| County Health Department Tax | $0.24 |
| County Drainage Tax | $0.06 |
| County Parks and Recreation Tax | $0.10 |
| County Veterans Relief Fund Tax | $0.02 |
| Local School Tax (varies by district) | $5.50 - $8.00 |
It is important to note that the Local School Tax rate varies depending on which school district the property is located in. This table provides a comprehensive breakdown of the property taxes in Livingston County.
Who sets property tax rates in Livingston County ?
Who sets property tax rates in Livingston County?
The Livingston County Board of Commissioners is responsible for setting property tax rates for the county. They do this annually during their budget-setting process.
When are property tax rates set in Livingston County?
Property tax rates are set every year during the budget-setting process, which typically takes place in the late summer or early fall. The new rates go into effect on January 1 of the following year.
| Who sets property tax rates? | When are property tax rates set? |
|---|---|
| Livingston County Board of Commissioners | Annually during the budget-setting process, typically in late summer or early fall |
Homestead exemptions in Livingston County ?
A table outlining the various Homestead exemptions and deductions available in Livingston County, Illinois has been created below:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Any person who owns and occupies their primary residence as of January 1st of the tax year | Up to $6,000 off of the assessed value of the property | |
| Senior Citizens Homestead Exemption | Any person over the age of 65 who owns and occupies their primary residence | Up to an additional $5,000 off the assessed value of the property | |
| Senior Citizens Assessment Freeze Homestead Exemption | Any person over the age of 65 whose household income is less than $65,000 and who has lived in their home for at least one year | Freezes the assessed value of the property as of the year in which they qualify for the exemption | |
| Disabled Persons Homestead Exemption | Any person with a disability who owns and occupies their primary residence | Up to an additional $2,000 off the assessed value of the property | |
| Disabled Veterans Homestead Exemption | Any veteran who has a service-connected disability and owns and occupies their primary residence | Up to an additional $2,500 off the assessed value of the property | |
| Returning Veterans Homestead Exemption | Any veteran who has served on active duty in an armed conflict involving the United States and who owns and occupies their primary residence | Up to an additional $5,000 off the assessed value of the property for two consecutive years | |
| Home Improvement Exemption | Any property owner who makes a substantial renovation or addition to their primary residence | Up to an additional $75,000 off the assessed value of the property for up to four years | Must apply for the exemption within 90 days of completing the renovation or addition |
Please note that these exemptions and deductions are specific to Livingston County in Illinois and may vary in other counties or states. Eligibility requirements and amounts may also be subject to change, so it is important to check with local authorities or consult with a tax professional for the most up-to-date information.
When is Livingston County Property Tax due ?
Livingston County Property Tax Due Dates and Payment Methods
Property owners in Livingston County are required to pay their property taxes annually. The due date for property taxes in Livingston County is typically on March 1st each year. However, due to COVID-19, there may be changes in the due date for property taxes. It is best to check with the Livingston County Treasurer's office for any updates on the due date.
The county offers several methods for property owners to pay their property taxes:
| Payment Method | Description |
|---|---|
| Online Payment | The Livingston County Treasurer's website accepts online payments for property taxes. Property owners can use their credit card or electronic check to pay their property taxes. |
| Mail-in Payment | Property owners can mail their property tax payments to the Livingston County Treasurer's office. The address for the office is 200 E Grand River Ave, Howell, MI 48843. |
| In-Person Payment | Property owners can make in-person payments at the Livingston County Treasurer's office during office hours. Due to COVID-19, it is advised to check the office hours before visiting to ensure that they are open. |
| Drop Box Payment | The Livingston County Treasurer's office has a drop box where property owners can drop their property tax payments. The drop box is accessible 24/7, so property owners can drop their payments anytime they want. |
| Automatic Payment Plan | Property owners can enroll in the automatic payment plan offered by the Livingston County Treasurer's office. This plan automatically deducts the property tax amount from the property owner's bank account on the due date. |
It is important to note that failure to pay property taxes on time can result in additional fees, interest, and even the loss of the property. Therefore, it is highly recommended that property owners pay their property taxes on time using one of the above payment methods.
If you have more questions - contact your local tax collector.
How is Livingston County Property Tax penalty calculated ?
Livingston County Property Tax Penalty Calculation
When property owners fail to pay their property taxes on time, a penalty is assessed. The penalty is calculated based on the amount of taxes owed and the length of time the taxes have been overdue.
Here is an example of how the penalty is calculated in Livingston County:
Assume that the total property taxes due for a particular property in Livingston County are $5,000. The taxes are due on January 1st of each year. If the property owner fails to pay the taxes by the due date, a penalty is assessed as follows:
| Time Overdue | Penalty Percentage | Penalty Amount |
|---|---|---|
| 1-30 days | 3% | $150 |
| 31-60 days | 6% | $300 |
| 61-90 days | 9% | $450 |
| Over 90 days | 12% | $600 |
Assuming that the property owner pays the taxes 60 days late, the penalty would be calculated as follows:
Penalty = $5,000 x 6% = $300
Therefore, the total amount owed (including the original taxes and the penalty) would be $5,300.
It's important to note that the penalty calculation may vary depending on the jurisdiction and the local laws. Property owners should contact their local tax authority for specific information on penalties for late property tax payments.
In summary, the penalty for late property tax payments in Livingston County is calculated based on the amount of taxes owed and the length of time the taxes have been overdue. Property owners should aim to pay their taxes on time to avoid incurring penalties.
We recommend contacting the Livingston County Tax Office or a local tax professional for the most up-to-date and accurate information.