Example of Marinette County Property Tax Calculation
Marinette County Property Tax calculations are determined based on several factors. These include the assessed value of the property, the tax rate set by the county, and any applicable exemptions or credits.
To calculate the property tax, the county first assesses the value of the property. This is done by a professional assessor who evaluates the property based on its size, location, and other characteristics. Once the assessed value is determined, it is multiplied by the tax rate set by the county to arrive at the total amount of property tax owed.
For example, if a property in Marinette County has an assessed value of $100,000 and the tax rate is set at 2%, the property tax owed would be $2,000. However, if the property owner qualifies for a tax exemption or credit, the amount owed may be reduced.
It is important to note that property taxes are typically paid annually and are used to fund local government services such as schools, roads, and public safety. Property owners in Marinette County can contact the county tax office for more information on their specific property tax calculations and payment options.
If you want appeal your property tax assessment - contact your local tax assessor.
Marinette County Property Tax Rates
The following table displays the current property tax rates for Marinette County in US dollars per $100 of assessed value.
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General County Tax | $3.32 |
| Technical College Tax | $0.38 |
| Municipal Tax | Varies by municipality |
| School District Tax | Varies by school district |
It is important to note that the municipal and school district tax rates vary based on the specific municipality and school district within Marinette County. Property owners can contact their local municipality or school district for more information on their specific tax rates.
Who sets property tax rates in Marinette County ?
Marinette County's property tax rates are set by the County Board of Supervisors. This elected body meets regularly to make decisions on a variety of issues affecting the county, including property taxes. The process of setting property tax rates typically occurs once a year during the county's budget process.
During this process, the County Board of Supervisors examines the county's financial situation and determines how much revenue is needed to fund its operations. Based on this information, the board sets a property tax rate that will generate the necessary revenue while also balancing the needs of taxpayers.
It's important to note that property tax rates can vary depending on the specific location within the county. Different municipalities within the county may have their own tax rates on top of the county's rate.
Overall, the County Board of Supervisors plays a crucial role in setting property tax rates in Marinette County, ensuring the county has the necessary funds to provide essential services while also being mindful of the impact on taxpayers.
Homestead exemptions in Marinette County ?
To help homeowners in Marinette County, Wisconsin stay informed about their eligibility for Homestead exemptions and deductions, the following table outlines the available exemptions, eligibility requirements, exemption amounts, and any important notes to keep in mind.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Must be a Wisconsin resident | $25,000 of assessed value | Must be owner-occupied |
| School Tax | Must be 62 years or older, or disabled | Up to $20,000 of assessed value | Must meet income limits |
| Veterans | Must have served in the military | Up to $25,000 of assessed value | Must meet residency and income requirements |
| Surviving Spouses | Must be a surviving spouse of a veteran or officer killed in the line of duty | Up to $25,000 of assessed value | Must meet income and residency requirements |
| Agricultural | Must meet specific size and income requirements | Up to $4,000 of assessed value | Must be used for farming |
| Forest Crop | Must be used for commercial forestry | Up to $25,000 of assessed value | Must meet income and acreage requirements |
| Managed Forest | Must have a forest management plan | Up to $25,000 of assessed value | Must meet income and acreage requirements |
| Business Improvement | Must be used for business improvements | Up to $100,000 of assessed value | Must meet income and employment requirements |
It's important to note that there may be additional requirements or limitations for each exemption or deduction. Homeowners should consult with their local assessor's office or visit the Wisconsin Department of Revenue website for more information on specific eligibility requirements and application processes.
By taking advantage of these Homestead exemptions and deductions, homeowners in Marinette County may be able to significantly reduce their property tax liability and keep more money in their pocket.
When is Marinette County Property Tax due ?
Marinette County Property Tax is typically due on January 31st of each year.
There are several payment methods available to property owners in Marinette County. These methods include:
| Payment Method | Description |
|---|---|
| Online | Property owners can make their property tax payments online through the Marinette County website. This method accepts credit and debit cards, as well as e-checks. |
| Property owners can mail in their property tax payments to the Marinette County Treasurer's Office. Payments must be postmarked by January 31st to avoid late fees. | |
| In Person | Property owners can make their property tax payments in person at the Marinette County Treasurer's Office. Cash, checks, and money orders are accepted. |
It is important to note that late payments will result in penalties and interest charges. Property owners should make sure to submit their payments on time to avoid these additional fees.
If you have more questions - contact your local tax collector.
How is Marinette County Property Tax penalty calculated ?
Marinette County Property Tax Penalty Calculation
When property owners in Marinette County fail to pay their property taxes on time, they may incur penalties. The penalty is calculated based on the amount of taxes owed and the length of time the payment is overdue.
The calculation for property tax penalties in Marinette County is as follows:
- The penalty for payments made between February 1st and April 30th is 1.5% of the unpaid taxes per month.
- The penalty for payments made between May 1st and July 31st is 2% of the unpaid taxes per month.
- The penalty for payments made between August 1st and October 31st is 2.5% of the unpaid taxes per month.
- The penalty for payments made after October 31st is 3% of the unpaid taxes per month.
For example, if a property owner owes $5,000 in property taxes and fails to pay by the due date of February 1st, they will incur a penalty of 1.5% per month. If they pay on March 1st, the penalty will be 1.5% of $5,000, which is $75. If they pay on April 1st, the penalty will be 3% of $5,000, which is $150.
It is important for property owners in Marinette County to pay their property taxes on time to avoid penalties. If they are unable to pay on time, they should contact the County Treasurer's office to make arrangements for payment or to request a payment plan.
| Payment Month | Penalty |
|---|---|
| Feb 1 – Apr 30 | 1.5% of unpaid taxes per month |
| May 1 – Jul 31 | 2% of unpaid taxes per month |
| Aug 1 – Oct 31 | 2.5% of unpaid taxes per month |
| After Oct 31 | 3% of unpaid taxes per month |
We recommend contacting the Marinette County Tax Office or a local tax professional for the most up-to-date and accurate information.