Example of Luce County Property Tax Calculation
Luce County calculates property tax based on the assessed value of the property. The tax rate is determined by the county, township, and school district in which the property is located.
For example, if a property in Luce County has an assessed value of $100,000 and the combined tax rate for the county, township, and school district is 2.5%, the property owner would owe $2,500 in property taxes for the year.
To calculate property tax, simply multiply the assessed value of the property by the tax rate. Property owners can learn more about Luce County property tax and how it's calculated by contacting the county treasurer's office.
If you want appeal your property tax assessment - contact your local tax assessor.
Luce County Property Tax Rates
Here is a table listing the current Luce County Property Tax rates, formatted with two columns: Tax and Rate per $100 of Assessed Value. This information is accurate as of the most recent tax year:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Operating | $1.63 |
| Road Millage | $0.67 |
| Health Department | $0.15 |
| Library | $0.32 |
| Transit | $0.12 |
| Senior Millage | $0.50 |
It's important to note that these rates are subject to change and may vary depending on the specific property and its location within the county. For more detailed information or assistance with property tax concerns, it's recommended to consult a licensed tax advisor.
Who sets property tax rates in Luce County ?
The property tax rates in Luce County are set by the local government. Specifically, the Luce County Board of Commissioners oversees the setting of property tax rates. They typically do so during their annual budget meetings. These meetings are generally held in the fall, with the new rates going into effect in the following year. It's important to note that property tax rates can vary from year to year depending on a range of factors, including changes in property values and shifts in local government budgets. To learn more about property tax rates in Luce County, taxpayers can visit the county's official website or reach out to their local county commissioner for clarification.
| Information | Description |
|---|---|
| Who sets property tax rates | Local government, specifically the Luce County Board of Commissioners |
| When are property tax rates set | During annual budget meetings in the fall |
| When do new rates go into effect | The following year |
| Factors that can impact property tax rates | Changes in property values and shifts in local government budgets |
| Ways to learn more | Visit the county's official website or reach out to a local county commissioner |
Homestead exemptions in Luce County ?
To better understand the Homestead exemptions and deductions in Luce County, Michigan, the following table outlines the key columns of interest:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | $6000 | Applies to primary residence only |
| Senior Citizen Homestead Exemption | Homeowners aged 65+ | $2000 | Must have lived in the home for at least 10 years |
| Disabled Veterans Exemption | Disabled veterans | Varies based on percentage of disability | Must provide proof of eligibility |
| Principal Residence Exemption | All homeowners | Varies based on local millage rates | Only applies to school district taxes |
| Agricultural Exemption | Qualified agricultural property owners | Varies based on property value and use | Must meet eligibility requirements for Michigan's Farmland Preservation Program |
It's important to note that homeowners must apply for these exemptions and deductions in order to receive them. Additionally, different counties in Michigan may have varying exemptions and deductions available, so it's important to research the specific options in your area.
When is Luce County Property Tax due ?
Luce County Property Tax is typically due on September 14th of each year. Property owners can pay their property taxes through various methods including online payments, mail-in payments, in-person payments at the Luce County Treasurer's Office or at designated drop boxes located throughout the county.
| Payment Method | Description |
|---|---|
| Online Payment | Property owners can pay their property taxes online through the Luce County Treasurer's website using a credit card or e-check. |
| Mail-in Payment | Property owners can send a check or money order payable to the Luce County Treasurer to the address provided on the tax bill. |
| In-person Payment | Property owners can pay their property taxes in person at the Luce County Treasurer's Office located at 407 West Harrie Street, Newberry, MI 49868. |
| Drop Box Payment | Property owners can drop off their payment in a designated drop box located throughout the county. A list of drop box locations can be found on the Luce County Treasurer's website. |
It's important for property owners to pay their property taxes on time to avoid additional fees and penalties.
If you have more questions - contact your local tax collector.
How is Luce County Property Tax penalty calculated ?
Luce County Property Tax Penalty Calculation
If a property owner fails to pay their property tax on time, they will be charged a penalty. The penalty is calculated as a percentage of the unpaid tax amount.
Below is an example of how the penalty is calculated in Luce County:
| Unpaid Amount | Penalty |
|---|---|
| $1,000 | 1% |
| $2,000 | 2% |
| $3,000 | 3% |
| $4,000 | 4% |
As shown in the table above, the penalty percentage increases as the unpaid amount increases. For example, if a property owner owes $1,000 in property taxes and fails to pay on time, they will be charged a penalty of 1%, or $10. However, if they owe $4,000 and fail to pay on time, they will be charged a penalty of 4%, or $160.
It is important to note that if the property owner fails to pay their property taxes for an extended period of time, their property may be subject to foreclosure. To avoid penalties and potential foreclosure, it is recommended to pay property taxes on time.
We recommend contacting the Luce County Tax Office or a local tax professional for the most up-to-date and accurate information.