Example of Menominee County Property Tax Calculation
The Menominee County Property Tax is calculated based on the assessed value of the property. Let's say, for example, that a property in Menominee County has an assessed value of $100,000. The property tax rate in Menominee County is 1.5%, which means that the property owner would owe $1,500 in property taxes.
To calculate the property tax owed, simply take the assessed value of the property and multiply it by the property tax rate. For example:
$100,000 (assessed value) x 0.015 (property tax rate) = $1,500 (property tax owed)
It's important to note that property tax rates and assessed values can vary from year to year and from county to county, so it's always best to check with your local government or a licensed property tax professional to get the most accurate and up-to-date information.
If you want appeal your property tax assessment - contact your local tax assessor.
Menominee County Property Tax Rates
The Menominee County Property Tax rates are listed below in a formatted table:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.85 |
| County Road Fund | $0.40 |
| County Jail Fund | $0.20 |
| Menominee County Public Schools | $1.50 |
| Menominee Delta Schoolcraft ISD | $0.50 |
| Local School Districts | Varies by district |
Please note that the rates for local school districts may vary based on the specific district. It is recommended to check with the district directly for accurate information.
Who sets property tax rates in Menominee County ?
In Menominee County, property tax rates are set by the County Board of Commissioners. This typically occurs during an annual budgeting process, where the board considers the needs of the county and determines the appropriate tax rate to meet those needs.
The property tax rate is expressed as a percentage of the value of the property being taxed. This rate varies depending on the jurisdiction and the type of property being taxed.
Property taxes are an important source of revenue for local governments, and they are used to fund a variety of services and infrastructure projects. It is important for property owners to understand their property tax obligations and to pay them on time to avoid penalties and interest charges. In Menominee County, property tax bills are typically sent out in December and are due by February 14th of the following year.
Homestead exemptions in Menominee County ?
To help residents in Menominee County, Michigan understand the Homestead exemptions and deductions available to them, we have created a table with four columns: exemption, eligibility, amount, and notes. This table includes all the county-specific exemptions and deductions that residents may qualify for.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Principal Residence | All | Exempts 18 mills from the county operating millage and up to $12,000 of taxable value | Available to property owners who use their home as their primary residence |
| Paraplegic | All | Exempts 50% of the assessed value | Available to those who are paraplegic and own their home |
| Quadriplegic | All | Exempts 100% of the assessed value | Available to those who are quadriplegic and own their home |
| Veterans | Must have served in active duty | Exempts up to $6,000 of taxable value | Available to veterans who served in active duty during a time of war or conflict |
| Surviving Spouse of Fallen Service Member | Must be the surviving spouse of a service member killed in action | Exempts up to $175,000 of the assessed value | Available to surviving spouses of service members killed in action |
| Agricultural Property | All | Exempts 18 mills from the county operating millage and up to $7,500 of taxable value for eligible agricultural property | Available to property owners who use their property for agricultural purposes |
| Industrial Personal Property | All | Exempts up to 15% of the true cash value | Available to property owners who use their property for industrial purposes |
It's important to note that residents must apply for these exemptions and deductions and meet the eligibility requirements for each one. For more information, residents can contact the Menominee County Treasurer's office or visit their website. By taking advantage of these exemptions and deductions, residents can potentially save money on their property taxes.
When is Menominee County Property Tax due ?
Menominee County Property Tax Due Date and Payment Methods
If you own property in Menominee County, you are required to pay property taxes annually. The due date for Menominee County Property Tax is February 14th each year. If this date falls on a weekend or holiday, it will be extended to the next business day.
There are several payment methods available for Menominee County Property Tax:
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Online: You can pay your Menominee County Property Tax online through the county's website. You will need your tax bill number and credit card information to complete the transaction.
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By mail: You can also pay your Menominee County Property Tax by mailing a check or money order to the county treasurer's office. The address is:
Menominee County Treasurer 839 10th Avenue Menominee, MI 49858
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In-person: You can pay your Menominee County Property Tax in person at the county treasurer's office. The office is open Monday through Friday from 8:00 am to 4:00 pm.
It is important to note that if you do not pay your Menominee County Property Tax by the due date, you will be subject to penalties and interest. Therefore, it is recommended that you pay your property tax on time to avoid any additional fees.
In conclusion, Menominee County Property Tax is typically due on February 14th each year. You can pay online, by mail, or in-person at the county treasurer's office. Make sure to pay on time to avoid penalties and interest.
If you have more questions - contact your local tax collector.
How is Menominee County Property Tax penalty calculated ?
Menominee County imposes a penalty on overdue property taxes. The penalty is calculated as a percentage of the unpaid taxes and increases over time. Here's an example to illustrate how the penalty is calculated:
Let's say that John owns a property in Menominee County and owes $1,000 in property taxes for the year. The deadline to pay the taxes is October 1st, but John fails to pay on time. On October 2nd, a penalty of 1% is added to the unpaid taxes, which means John now owes $1,010 ($1,000 + $10 penalty). If John still doesn't pay by November 1st, an additional 1% penalty is added, making his total amount due $1,020 ($1,000 + $10 penalty for October + $10 penalty for November). If John waits until December 1st to pay, another 1% penalty is added, bringing his total to $1,030 ($1,000 + $10 penalty for October + $10 penalty for November + $10 penalty for December).
This table shows the penalty rates and dates for Menominee County property taxes:
| Date | Penalty Rate |
|---|---|
| October 2nd | 1% |
| November 1st | 2% |
| December 1st | 3% |
As you can see, the penalty increases over time, so it's important to pay property taxes on time to avoid unnecessary fees.
We recommend contacting the Menominee County Tax Office or a local tax professional for the most up-to-date and accurate information.