Example of Montour County Property Tax Calculation
Montour County property tax is calculated based on the assessed value of the property. The assessed value is determined by the county's assessment office and is equal to the estimated market value of the property.
To calculate the property tax, multiply the assessed value by the millage rate. The millage rate is a percentage of the assessed value that is charged as property tax.
For example, if the assessed value of a property in Montour County is $100,000 and the millage rate is 30, the property tax would be calculated as follows:
$100,000 assessed value x 0.03 millage rate = $3,000 property tax per year
It is important to note that property taxes in Montour County may also include additional taxes for school districts, municipalities, and other local entities. These additional taxes vary depending on the location of the property.
If you want appeal your property tax assessment - contact your local tax assessor.
Montour County Property Tax Rates
Here is the formatted table of Montour County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $5.30 |
| Municipal | $2.60 |
| School District | $9.81 |
| Total | $17.71 |
In Montour County, the property tax rates are divided into three categories: County, Municipal, and School District. The County tax rate is $5.30 per $100 of assessed value, the Municipal tax rate is $2.60 per $100 of assessed value, and the School District tax rate is $9.81 per $100 of assessed value. The total property tax rate in Montour County is $17.71 per $100 of assessed value. It is important to note that the assessed value is typically lower than the fair market value of the property.
Who sets property tax rates in Montour County ?
Who sets property tax rates in Montour County?
The Montour County Board of Commissioners is responsible for setting property tax rates in the county. This board consists of three members who are elected by the citizens of Montour County.
When does the board set property tax rates?
The board typically sets property tax rates annually during the budget approval process. This usually occurs in December or early January, and the new tax rates take effect on January 1st of the following year.
How are property tax rates determined?
The property tax rates are determined based on the county's budget needs and the assessed value of properties within the county. The assessed value is determined by the Montour County Assessment Office, which assesses the value of all properties in the county on a regular basis.
What is the current property tax rate in Montour County?
As of 2021, the current property tax rate in Montour County is 20.00 mills. This means that property owners pay $20 for every $1,000 of assessed property value. However, it is important to note that tax rates can vary depending on the municipality in which the property is located.
Homestead exemptions in Montour County ?
To assist Montour County residents in understanding their Homestead exemptions and deductions, a table detailing the county-specific information is presented below.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| County Homestead Exclusion | Homeowners | 100% of assessed value | Must be primary residence and owner-occupied |
| Property Tax Relief for Seniors | Homeowners age 65 and older | Up to 50% of property taxes due | Based on income level |
| Property Tax Relief for Disabled Veterans | Disabled veterans | Up to 100% of property taxes due | Based on percentage of disability |
| Fire and Emergency Services Exemption | Homeowners who live in a volunteer fire service area | Up to $6,000 of assessed value | Must be primary residence and owner-occupied |
| Local Option Property Tax Relief for Veterans | Veterans who served during wartime or conflict periods | Up to $12,000 of assessed value | Based on income level |
It is important to note that eligibility requirements, amounts, and other details may vary between counties and can change over time. Montour County residents should consult with their local tax assessor's office or a qualified tax professional for up-to-date information on Homestead exemptions and deductions.
When is Montour County Property Tax due ?
Montour County Property Tax is typically due by December 31st of every year. This is applicable to all the homeowners and businesses in Montour County. The payment can be made through various methods such as:
| Payment Method | Description |
|---|---|
| Online Payment | One can conveniently pay their property tax online through the Montour County website. For this, they need to have their property tax bill, bank account or credit/debit card details. |
| Mail-in Payment | Property tax payment can also be made by mailing a check or money order to the county treasurer's office. The address is mentioned on the property tax bill. |
| In-person Payment | One can also make payment in person by going to the county treasurer's office during office hours. Cash, check, or money order are all acceptable forms of payment. |
It is important to note that if the payment is not made on or before the due date, a penalty and interest will be added to the amount due. Therefore, it is advisable to make the payment on time to avoid any unnecessary extra charges.
If you have more questions - contact your local tax collector.
How is Montour County Property Tax penalty calculated ?
Montour County Property Tax Penalty Calculation
When homeowners fail to pay their property taxes on time, they are assessed a penalty in addition to the amount due. The penalty amount is based on a percentage of the unpaid taxes and is calculated as follows:
- 10% penalty for payments made up to 60 days after the due date
- 15% penalty for payments made between 61 and 120 days after the due date
- 20% penalty for payments made 121 or more days after the due date
For example, if a homeowner in Montour County has a property tax bill of $1,000 due on January 1st but fails to pay until April 15th, they would be subject to the following penalties:
- 10% penalty for the first 60 days = $100
- 15% penalty for the next 60 days = $150
- Total penalty amount = $250
Therefore, the homeowner would owe a total of $1,250 ($1,000 + $250 penalty).
It's important to note that the penalty is calculated based on the original tax bill amount, not the amount due after any partial payments. Additionally, any unpaid penalties will also accrue interest at a rate of 9% per annum until paid in full.
To avoid penalties and interest, homeowners should make sure to pay their property taxes on time or enroll in a payment plan if they are unable to pay the full amount at once.
Montour County Property Tax Penalty Calculation Table
| Days Late | Penalty Percentage | Example Penalty for $1,000 Tax Bill |
|---|---|---|
| 0-60 | 10% | $100 |
| 61-120 | 15% | $150 |
| 121+ | 20% | $200 |
We recommend contacting the Montour County Tax Office or a local tax professional for the most up-to-date and accurate information.