Example of Montague County Property Tax Calculation
Montague County Property Tax is determined by the county government to fund many public services, including schools, roads, and law enforcement. The calculation is based on the value of the property and the tax rate applicable to that area.
To calculate the property tax, the value of the property needs to be determined. This value is assessed by the county appraisal district, which estimates the market value of the property. For instance, if a 10-year-old property in Montague County is assessed to be worth $100,000, this value is used as the basis for the property tax calculation.
Next, the tax rate for the area where the property is located needs to be determined. The tax rate is set by the local government and is a percentage of the property value. For example, if the tax rate for the area where the property is located is set at 1.5%, the total amount of property tax would be $1,500.
To calculate the property tax, the assessed value of the property is multiplied by the tax rate. In the example above, the assessed value of $100,000 multiplied by the tax rate of 1.5% results in a property tax of $1,500.
In summary, Montague County Property Tax is calculated by determining the assessed value of the property and multiplying it by the tax rate set for the area where the property is located. The property tax is essential to fund public services and is an important responsibility for property owners in Montague County.
If you want appeal your property tax assessment - contact your local tax assessor.
Montague County Property Tax Rates
Below is a table of Montague County Property Tax rates as of 2021, with the tax rate per $100 of assessed value.
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.4865 |
| City of Bowie | $0.6167 |
| City of Nocona | $0.5795 |
| City of Saint Jo | $0.5285 |
| Bellevue ISD | $1.1435 |
| Bowie ISD | $1.2385 |
| Gold-Burg ISD | $1.0800 |
| Montague ISD | $1.2385 |
| Nocona ISD | $1.3985 |
| Prairie Valley ISD | $1.0800 |
| Saint Jo ISD | $1.1985 |
It is important to note that property tax rates are subject to change and may vary depending on the specific property and its location in Montague County. It is recommended to check with the local taxing authority for the most up-to-date information.
Who sets property tax rates in Montague County ?
In Montague County, Texas, property tax rates are determined by taxing authorities such as the county itself, school districts, cities, and other special districts. These entities set their tax rates annually, typically in the fall, and the rates are based on the necessary funding for their operations and services.
Montague County property owners receive their tax bills in October or November and have until January 31st of the following year to pay the taxes in full or make the first installment payment. Late payments incur penalties and interest charges.
Here is a table summarizing the property tax rates for Montague County in 2021:
| Taxing Entity | Tax Rate (per $100 valuation) |
|---|---|
| Montague County | 0.597350 |
| Montague Independent School District | 1.070000 |
| Nocona Independent School District | 1.171700 |
| Saint Jo Independent School District | 1.070000 |
| City of Bowie | 0.627900 |
| City of Forestburg | 0.587300 |
| City of Montague | 0.440000 |
| City of Nocona | 0.728500 |
| City of Saint Jo | 0.580000 |
It is important to note that these tax rates are subject to change each year based on the needs and decisions of the taxing entities. Property owners in Montague County should consult with their tax advisor or the County Tax Assessor-Collector for up-to-date information on their property tax obligations.
Homestead exemptions in Montague County ?
To help homeowners in Montague County, Texas, here is a list of all county-specific Homestead exemptions and deductions with their eligibility criteria, amounts, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| County Homestead Exemption | Applied automatically to primary residence | Up to 20% of assessed value | Limited to $5,000 |
| Over-65 Exemption | Age 65 or older | Up to $10,000 | Applied in addition to the County Homestead Exemption |
| Disability Exemption | Disabled person, including veterans | Up to $10,000 | Applied in addition to the County Homestead Exemption |
| Military Exemption | Military personnel | Up to $7,500 | Applied in addition to the County Homestead Exemption |
| School Tax Ceiling | Applied automatically to primary residence | Limits increase in school taxes | Not applicable to bonds or school district maintenance taxes |
| Agricultural Land Exemption | Property used for agriculture or timber production | Varies based on acreage and productivity | Application required every year |
It is important to note that eligibility criteria and exemption amounts may vary from year to year. Homeowners are advised to check with the Montague County Appraisal District for the latest information and application deadlines.
By taking advantage of these exemptions and deductions, Montague County residents can significantly reduce their property tax burden and keep more of their hard-earned money.
When is Montague County Property Tax due ?
Montague County Property Tax is typically due on January 31st of each year. However, if January 31st falls on a weekend or holiday, the due date is extended to the next business day.
There are several payment methods available for Montague County Property Tax. They include:
| Payment Method | Details |
|---|---|
| Online | Payment can be made online through the Montague County website using a credit or debit card. A convenience fee is charged for this service. |
| Payment can be mailed to the Montague County Tax Assessor-Collector. The payment must be postmarked by the due date to avoid penalties and interest. | |
| In Person | Payment can be made in person at the Montague County Tax Assessor-Collector's office. Cash, check, and credit/debit cards are accepted. A convenience fee is charged for credit/debit card payments. |
It is important to note that if the property tax is not paid by the due date, penalties and interest will accrue. Therefore, it is advisable to pay the property tax on time using one of the available payment methods.
If you have more questions - contact your local tax collector.
How is Montague County Property Tax penalty calculated ?
Montague County Property Tax Penalty Calculation
In Montague County, property owners who fail to pay their property taxes on time are subject to penalties. The calculation of the penalty is based on the amount of the delinquent tax and the length of time it remains unpaid.
The penalty is calculated as follows:
- 6% penalty is added to the total tax amount if payment is made between February 1st and April 30th of the year the tax was due.
- If payment is made between May 1st and June 30th, an additional 1% penalty is added for each month that the payment is late. This means that if payment is made in May, there will be a 7% penalty, and in June, there will be an 8% penalty.
- After June 30th, an additional 2% penalty is added each month until the tax is paid in full.
Example:
Let's say that John owns a property in Montague County and his property tax bill for the year is $1,000. If he fails to pay by February 1st, he will be subject to a 6% penalty of $60, bringing his total amount due to $1,060.
If John still hasn't paid by May 1st, an additional 1% penalty will be added for each month that the payment is late. In May, his total amount due will be $1,070 (7% penalty), and in June, it will be $1,080 (8% penalty).
If John still hasn't paid by July 1st, an additional 2% penalty will be added each month until the tax is paid in full. This means that in July, his total amount due will be $1,100 (10% penalty), and in August, it will be $1,120 (12% penalty) and so on until the tax is paid in full.
In summary, property owners in Montague County should pay their property taxes on time to avoid unnecessary penalties. If a payment is missed, it is important to pay it as soon as possible to minimize the amount of penalties added to the total tax amount.
We recommend contacting the Montague County Tax Office or a local tax professional for the most up-to-date and accurate information.