Example of Navarro County Property Tax Calculation
Navarro County calculates property taxes based on the value of each property assessed by the county appraisal district. The assessment value is multiplied by the county's tax rate to determine the amount of property tax owed.
For example, if a property in Navarro County has an assessed value of $100,000 and the tax rate is 2.5%, then the property owner would owe $2,500 in property taxes for the year.
It's important to note that property tax rates and assessment values can vary depending on location and other factors, but this is a basic example of how Navarro County property taxes are calculated.
If you want appeal your property tax assessment - contact your local tax assessor.
Navarro County Property Tax Rates
The table below lists the Navarro County Property Tax rates in US dollars per $100 of assessed value.
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.4530 |
| City of Corsicana | $0.6250 |
| Corsicana ISD | $1.3670 |
| Mildred ISD | $1.3200 |
| Blooming Grove ISD | $1.3300 |
| Kerens ISD | $1.3500 |
| Rice ISD | $1.2900 |
Note that these rates are subject to change and may vary based on individual property assessments. It is recommended that residents consult with a tax professional for specific information related to their property taxes.
Who sets property tax rates in Navarro County ?
In Navarro County, property tax rates are set by the local government entities such as the county, city, school district, and special districts. The rates are determined annually during public meetings, where officials review the budget and assess the needs for funding public services and infrastructure.
The property tax rates in Navarro County vary depending on the location and type of property. For example, the 2021 property tax rate for the county is $0.4581 per $100 valuation, while the rate for the Corsicana Independent School District is $1.1925 per $100 valuation.
Property owners in Navarro County receive a property tax bill in the mail every year, typically in October or November. The bill includes the assessed value of the property and the applicable tax rates from the different government entities.
It is important for property owners to understand the property tax system and how the rates are set to ensure they are paying a fair and accurate amount. Property owners can also appeal their property valuation if they believe it is incorrect or unfair.
When is Navarro County Property Tax due ?
Navarro County Property Tax is typically due on January 31st of each year. It is important for property owners in Navarro County to pay their property taxes on time to avoid penalties and interest charges.
There are several payment methods available for Navarro County Property Tax. Property owners can pay their taxes online through the Navarro County Tax Office website or in person at the tax office located at 300 W 3rd Ave, Corsicana, TX 75110.
Other payment methods include mailing a check or money order to the tax office or setting up an escrow account with their mortgage company. Property owners can also pay their property taxes in installments through the installment payment plan offered by the Navarro County Tax Office.
It is important to note that failure to pay property taxes on time may result in penalties and interest charges. Therefore, it is recommended that property owners in Navarro County stay up to date on their tax payments and use one of the available payment methods to ensure timely payment.
If you have more questions - contact your local tax collector.
Homestead exemptions in Navarro County ?
To help Navarro County residents understand their Homestead exemptions and deductions, the following table has been created with columns for exemption, eligibility, amount, and notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | $25,000 | Reduces the taxable value of the property |
| Over 65/Disabled Person Exemption | Homeowners who are over 65 or disabled | $10,000 | Reduces the taxable value of the property |
| Optional Over 65/Disabled Person Exemption | Homeowners who are over 65 or disabled | Additional amount determined by income | Reduces the taxable value of the property |
| Disabled Veteran Exemption | Veterans with a service-connected disability | Up to Full value of property | Reduces the taxable value of the property |
| Surviving Spouse of a Peace Officer or Firefighter Exemption | Surviving spouse of a peace officer or firefighter who died in the line of duty | 100% of the residence homestead | Reduces the taxable value of the property |
| Donated Historic Property Exemption | Eligible properties listed as a recorded Texas Historic Landmark or Recorded Texas Historic District | 100% for 10 years | Reduces the taxable value of the property |
It's important to note that some exemptions may require an application and certain eligibility requirements may need to be met. Homeowners should contact their county appraisal district for more information on how to apply for these exemptions.
How is Navarro County Property Tax penalty calculated ?
Navarro County Property Tax Penalty Calculation
The Navarro County property tax penalty is calculated based on the delinquent amount and the time it is overdue. The penalty is added to the original tax amount and accrues daily until the outstanding balance is paid in full. The penalty rate for Navarro County is 6% per year or 0.5% per month.
Here is an example to help illustrate the calculation:
Suppose a property owner owes $2,500 in property taxes to Navarro County. If the payment is not received by January 31st, a 6% penalty fee will be assessed, making the total amount due $2,650. If the payment is still not received by February 28th, an additional 0.5% penalty fee will be assessed, making the total amount due $2,663.75. This penalty will continue to accrue at a rate of 0.5% per month until the balance is paid in full.
To summarize, the formula for calculating the Navarro County property tax penalty is as follows:
Penalty = (Delinquent Amount x Penalty Rate x Time Overdue)
For example, if a property owner owes $5,000 and the payment is one month overdue, the penalty would be calculated as follows:
Penalty = ($5,000 x 0.5% x 1) = $25
It is important to note that the penalty rate may vary depending on the specific county and state laws. Property owners should always check with their local tax office to confirm current penalty rates and payment deadlines.
| County | Penalty Rate |
|---|---|
| Navarro | 6% per year or 0.5% per month |
We recommend contacting the Navarro County Tax Office or a local tax professional for the most up-to-date and accurate information.