Example of Noble County Property Tax Calculation
Calculating property tax in Noble County is done by taking the assessed value of the property and multiplying it by the current tax rate. For example, if a property has an assessed value of $100,000 and the current tax rate is 2%, the annual property tax would be $2,000.
To find your property's assessed value, you can check your property tax statement or contact the Noble County Assessor's office. The tax rate for Noble County is set by the County Commission and can vary from year to year.
It's important to note that property taxes in Noble County also include additional fees and levies, such as school taxes and municipal taxes. These fees are determined by separate authorities and can vary depending on your location and property type.
Overall, understanding how property taxes are calculated in Noble County can help property owners plan and budget for their annual taxes.
If you want appeal your property tax assessment - contact your local tax assessor.
Noble County Property Tax Rates
The following table outlines the Noble County Property Tax rates in US dollars per $100 of assessed property value:
| Tax | Rate per $100 Assessed Value |
|---|---|
| General Tax | $1.75 |
| County Option Income Tax | $0.50 |
| County Economic Development Income Tax | $0.25 |
| County Adjusted Gross Income Tax | $0.03 |
| County Wheel Tax | $32.00 |
| Township Assistance | $0.03 |
It is important to note that specific property tax rates may vary depending on the location within the county and any applicable exemptions or deductions. It is recommended to consult a tax professional for personalized advice.
Who sets property tax rates in Noble County ?
Property Tax Rates in Noble County, USA
In Noble County, property tax rates are set by the County Commissioners. The Commissioners are elected officials responsible for administering county government and overseeing the budget. They set property tax rates annually during their budgeting process.
Property tax rates in Noble County are based on the assessed value of the property as determined by the County Assessor. The Assessor's Office is responsible for assessing the value of all real and personal property in the county. The assessed value is then multiplied by the property tax rate to determine the property tax owed.
Noble County property owners can view their property tax rates and assessments online through the County's website. Property owners who believe their assessment is inaccurate can appeal to the County Board of Review.
It is important to note that property tax rates and assessments can vary greatly depending on the location, size, and type of property. Property owners in Noble County should consult with a tax professional to understand their specific tax obligations.
Homestead exemptions in Noble County ?
In Noble County, Ohio there are Homestead exemptions and deductions available to eligible residents. Below is a table that lists all county-specific exemptions and deductions that can be claimed.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Homeowners | $25,000 | Applies to the first $25,000 of a home's market value |
| Disabled Veteran Exemption | Disabled Veterans | Varies | Applies to the first $50,000 of a home's market value |
| Senior Citizen Exemption | Homeowners 65 and older | Varies | Applies to the first $25,000 of a home's market value |
| Surviving Spouse Exemption | Surviving Spouses | $25,000 | Applies to the first $25,000 of a home's market value |
| Public Safety Officer Exemption | Public Safety Officers | Varies | Applies to the first $50,000 of a home's market value |
| Homestead Tax Reduction | Low-income homeowners | Varies | Homeowners with an income at or below 200% of the federal poverty guidelines may qualify for a reduction in property taxes |
It is important to note that eligibility requirements and exemption amounts may vary depending on the specific circumstances of each individual. Residents who believe they may be eligible for any of these exemptions or deductions should contact the Noble County Auditor's Office for more information.
Overall, these exemptions and deductions can provide significant financial relief for eligible residents. By taking advantage of these opportunities, homeowners can reduce their tax burden and keep more money in their pockets.
When is Noble County Property Tax due ?
Noble County Property Tax is typically due on May 10th of each year. Payment methods available for taxpayers are:
- Mail: Payment can be submitted by mail to the Noble County Treasurer's Office. The payment must be postmarked by May 10th to avoid late fees.
- In Person: Payment can be made in person at the Noble County Treasurer's Office, located at 101 N Orange St. Albion, IN 46701. The office is open from 8:00 a.m. to 4:00 p.m. Monday through Friday, except on holidays.
- Online: Payment can be made online through the Noble County Treasurer's website. Taxpayers can pay using a credit card, debit card, or electronic check. Payments made online must be completed by 11:59 p.m. on May 10th to avoid late fees.
It is important to note that failure to pay property taxes by the due date can result in late fees and interest charges. If property taxes remain unpaid, the property can be subject to tax sales or foreclosure. Therefore, taxpayers are encouraged to make timely payments to avoid these consequences.
If you have more questions - contact your local tax collector.
How is Noble County Property Tax penalty calculated ?
Noble County Property Tax Penalty Calculation
When a property owner fails to pay their property taxes by the due date, a penalty will be applied to their account. The penalty is calculated based on the amount of taxes owed and the number of months the taxes have been delinquent.
To calculate the penalty, follow these steps:
- Determine the amount of taxes owed, including any special assessments or fees.
- Multiply the amount owed by the penalty rate. The penalty rate in Noble County is 10% per year or 0.833% per month.
- Calculate the penalty for the number of months the taxes have been delinquent. For example, if the taxes are three months late, the penalty would be 2.5% (0.833% x 3 months).
- Add the penalty to the original amount owed to get the total delinquent amount.
Example:
John owns a property in Noble County with a total tax bill of $2,000. He fails to pay by the due date and is now two months delinquent.
To calculate the penalty, multiply the amount owed by the penalty rate: $2,000 x 0.833% = $16.66 per month
Then, calculate the penalty for two months: $16.66 x 2 = $33.32
Add the penalty to the original amount owed: $2,000 + $33.32 = $2,033.32
John now owes $2,033.32 in delinquent taxes, including the penalty.
It is important to pay property taxes on time to avoid penalties and additional fees. Property owners should contact the Noble County Treasurer's Office for information about payment options and deadlines.
We recommend contacting the Noble County Tax Office or a local tax professional for the most up-to-date and accurate information.