Example of Marengo County Property Tax Calculation
Marengo County calculates property tax based on the assessed value of the property. The assessed value is determined by the county assessor's office and is typically a percentage of the fair market value of the property. For example, if the fair market value of a property is $100,000 and the assessed value is 80%, then the assessed value would be $80,000.
The property tax rate in Marengo County is based on the millage rate, which is the amount of tax per $1,000 of assessed value. Currently, Marengo County's millage rate is 10.5. So using the example above, the property tax for a property with an assessed value of $80,000 would be calculated by multiplying $80,000 by 10.5 and then dividing by 1,000. This comes to a property tax of $840 for the year.
It's important to note that property tax rates and assessments can vary from county to county and state to state, so it's always a good idea to check with your local government for specific information regarding property taxes in your area.
If you want appeal your property tax assessment - contact your local tax assessor.
Marengo County Property Tax Rates
Here's a formatted table of the Marengo County Property Tax rates in US English using Markdown:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.48 |
| City of Demopolis | $0.48 |
| City of Linden | $0.34 |
| City of Sweet Water | $0.62 |
| City of Thomaston | $0.43 |
It is important for property owners in Marengo County to be aware of these rates when calculating their property tax obligations.
Who sets property tax rates in Marengo County ?
Who sets property tax rates in Marengo County?
The Marengo County Commission sets property tax rates in Marengo County, Alabama.
When are property tax rates set in Marengo County?
Property tax rates are set annually, typically in the fall, before tax bills are mailed out to property owners.
Here is a table summarizing the property tax rates for the 2021 tax year in Marengo County:
| Property Type | Property Tax Rate |
|---|---|
| Residential | 0.0112 |
| Commercial | 0.0240 |
| Industrial | 0.0233 |
| Personal | 0.0120 |
It is important to note that property assessments, which determine the value of a property and therefore the amount of property taxes owed, are also conducted by the County. These assessments are typically done on a cyclical basis and may result in adjustments to property tax rates.
Homestead exemptions in Marengo County ?
To assist Marengo County residents in understanding the various Homestead exemptions and deductions available to them, the following table outlines the relevant information:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Standard Homestead | Any homeowner who occupies their residence as their primary | Up to $5,000 | This exemption applies to all eligible homeowners in Marengo County. |
| Senior Citizen | Any homeowner 65 years or older who occupies their residence | Up to $5,000 | To qualify, a homeowner must meet age requirements and have resided in the state for at least 10 consecutive years prior to applying. |
| Disabled Veteran | Any disabled veteran who is a resident of Alabama | Up to $24,000 | This exemption is available to veterans with a 100% service-connected disability rating, and to the unmarried surviving spouse of a deceased veteran who had a 100% service-connected disability rating. |
| Blind | Any homeowner who is legally blind | Up to $5,000 | Homeowners must provide proof of legal blindness to qualify for this exemption. |
| Conservation | Any homeowner who owns land used for conservation purposes | Up to 5% of the assessed value of the land | To qualify, the property must be used exclusively for conservation purposes and be approved by the Alabama Department of Conservation and Natural Resources. |
| Agriculture | Any homeowner who owns land used for agricultural purposes | Up to 100% of the assessed value of the land and improvements | To qualify, the property must be used for agricultural purposes and generate at least $10,000 in gross farm income per year. |
It's important to note that these exemptions and deductions are specific to Marengo County and may differ in other counties throughout Alabama. Homeowners interested in taking advantage of these exemptions and deductions should contact the Marengo County Revenue Commissioner's office for more information and to determine their eligibility.
When is Marengo County Property Tax due ?
Marengo County Property Tax is typically due each year on October 1st. However, the deadline to pay without penalty or interest is December 31st of the same year.
There are several convenient methods available for property owners to make their payments. The accepted payment methods include:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their tax bills online using a credit or debit card. |
| Property owners can mail a check or money order to the Marengo County Tax Collector's office. | |
| In Person | Property owners can pay in person at the Marengo County Tax Collector's office using cash, check, or credit/debit card. |
It's important to note that if the deadline falls on a weekend or holiday, the deadline will be extended to the next available business day. Additionally, if a property owner is unable to pay by the deadline, they may be eligible to set up a payment plan or apply for certain exemptions.
Overall, property owners in Marengo County have several options available to pay their property taxes and should ensure they make their payments by the December 31st deadline to avoid any penalties or interest charges.
If you have more questions - contact your local tax collector.
How is Marengo County Property Tax penalty calculated ?
Marengo County Property Tax Penalty Calculation
If you own property in Marengo County, Alabama and fail to pay property taxes on time, you may be subject to penalty fees. The penalty for delinquent property taxes follows a set calculation that is based on the amount of taxes owed and the length of time the payment is overdue.
Here is an example of how the Marengo County property tax penalty is calculated:
Suppose that John owns a property in Marengo County, and his annual property tax bill is $2,500. He fails to pay his taxes by the December 31 deadline.
In January, he will be charged a penalty of 1% on the unpaid amount ($25). The penalty increases to 1.5% on February 1st, and then to 2% on March 1st.
If John still hasn't paid his taxes by April 1st, the county will add an additional 3% penalty to his bill ($75). This penalty is followed by another 1% monthly penalty until the taxes are paid in full.
So, by the end of April, John's property tax bill would have increased to $2,600 ($2,500 + $100 in penalties). If he waits until December the following year to pay, he will owe $2,925 ($2,500 + $425 in penalties).
Below is a table that summarizes the penalty rate increase over time:
| Penalty Date | Penalty Rate |
|---|---|
| January 1st | 1% |
| February 1st | 1.5% |
| March 1st | 2% |
| April 1st | 3% |
| Monthly | 1% |
It's important to note that even if a homeowner cannot pay the full tax bill when it's due, they should try to pay as much as possible to minimize the penalties. In some cases, the county may offer a payment plan to help homeowners catch up on their property taxes.
By understanding how the Marengo County property tax penalty is calculated, homeowners can avoid unnecessary fees and work to stay current on their tax payments.
We recommend contacting the Marengo County Tax Office or a local tax professional for the most up-to-date and accurate information.