Example of Montmorency County Property Tax Calculation
If you own a property in Montmorency County, your property taxes are calculated based on the assessed value of your property. This value is determined by the County Assessor's Office and is updated every year.
To calculate your property taxes, the assessed value of your property is multiplied by the Millage Rate, which is the tax rate per $1,000 of taxable value set by the local government.
For example, if your property is assessed at $100,000 and the Millage Rate is 20 mills, your property tax would be calculated by multiplying $100,000 by 0.020 (20 mills divided by 1,000) which equals $2,000.
It's important to note that there may be additional taxes, such as special assessments or school taxes, that are added to your property tax bill.
If you have any questions about your property taxes or the calculation process, you can contact the Montmorency County Treasurer's Office for assistance.
If you want appeal your property tax assessment - contact your local tax assessor.
Montmorency County Property Tax Rates
The table below shows the Montmorency County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Operating | $1.9097 |
| County Roads | $0.9259 |
| County Transit | $0.1423 |
| State Education | $2.50 |
| Local Education | Varies by school district |
As a tax advisor, it is important to note that property tax rates are subject to change and may vary by specific property location and classification. It is recommended to consult with local tax authorities for the most accurate and up-to-date information.
Who sets property tax rates in Montmorency County ?
Who sets property tax rates in Montmorency County? The Montmorency County Board of Commissioners is responsible for setting property tax rates for the county.
When are property tax rates set in Montmorency County? The property tax rates for Montmorency County are set annually, usually in the month of December. This ensures that the rates are in line with the county's budget for the upcoming fiscal year.
It is important to note that property taxes in Montmorency County, as with other counties in the United States, are based on the value of the property being taxed. This value is determined by the county assessor's office, and property owners have the right to appeal this value if they believe it is too high.
Overall, property tax rates in Montmorency County and throughout the rest of the United States are an important source of revenue for local governments, and it is essential that property owners understand how these taxes are determined and used.
Homestead exemptions in Montmorency County ?
Table: Montmorency County Homestead Exemptions and Deductions
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Principal Residence Exemption (PRE) | Must own and occupy the home as primary residence | 18 mills of school taxes levied on the property | Applies to school taxes only |
| Homestead Property Tax Credit | Must own and occupy the home as primary residence, meet income requirements | Up to $1,200 | Income limits apply: $50,000 for a household with 4 or fewer people, $60,000 for a household with 5 or more people |
| Disabled Veterans Exemption | Must be a disabled veteran with a service-connected disability | Varies depending on percent of disability | Contact the County Assessor's Office for more information |
| Blind Persons Exemption | Must be legally blind | Up to $18,000 | Applies to the taxable value of the property |
| Agricultural Property Exemption | Must qualify as agricultural property | Varies depending on acreage and use | Contact the County Assessor's Office for more information |
Notes:
- All exemptions and deductions are subject to change and may have additional requirements.
- Contact the Montmorency County Assessor's Office for more information on eligibility and application processes.
When is Montmorency County Property Tax due ?
Montmorency County Property Tax Due Date and Payment Methods
Montmorency County property taxes are typically due on September 14th of each year, although this date may be subject to change due to holidays or other factors. It is important to note that failure to pay property taxes on time will result in penalties and interest charges, which can add up quickly over time.
To avoid these fees, property owners in Montmorency County have several payment methods available to them. These include:
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In person: Property owners can pay their taxes in person at the Montmorency County Treasurer's Office located at 12265 M-32, Atlanta, MI 49709. The office is open Monday through Friday from 8:30 am to 4:30 pm.
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By mail: Property owners can mail their payment to the Montmorency County Treasurer's Office at P.O. Box 789, Atlanta, MI 49709. Payments must be postmarked by the due date to avoid penalties and interest charges.
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Online: Property owners can pay their taxes online using a credit card or e-check through the Montmorency County website at www.montmorencycountymi.com. There is a convenience fee for this payment method.
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By phone: Property owners can also pay their taxes by phone using a credit card by calling the Montmorency County Treasurer's Office at (989) 785-8022. There is a convenience fee for this payment method.
In summary, Montmorency County property taxes are due on September 14th of each year, and property owners have several payment methods available to them including in-person, by mail, online, and by phone. It is important to pay on time to avoid penalties and interest charges.
If you have more questions - contact your local tax collector.
How is Montmorency County Property Tax penalty calculated ?
Montmorency County property taxes are calculated based on the assessed value of a property. If a property owner fails to pay their property taxes by the due date, they may be subject to penalties and interest charges. The penalty is calculated as a percentage of the unpaid taxes and is added to the total amount owed.
For example, let's say a property owner in Montmorency County owes $2,000 in property taxes but fails to pay by the due date. The penalty for late payment may be calculated as follows:
- First 30 days late: 1% penalty ($20)
- After 30 days, up to 60 days late: 2% penalty ($40)
- After 60 days, up to 90 days late: 3% penalty ($60)
- After 90 days, up to 120 days late: 4% penalty ($80)
- After 120 days, up to 150 days late: 5% penalty ($100)
- After 150 days, up to 180 days late: 6% penalty ($120)
- After 180 days, the penalty continues to increase at a rate of 1% per month until the taxes are paid in full.
Therefore, if the property owner pays their taxes 180 days late, they will owe an additional $420 in penalties, bringing their total owed to $2,420. It's important for property owners in Montmorency County to pay their property taxes on time to avoid penalties and interest charges.
We recommend contacting the Montmorency County Tax Office or a local tax professional for the most up-to-date and accurate information.