Example of Nottoway County Property Tax Calculation
Nottoway County calculates property taxes based on the assessed value of a property. For example, if a property in Nottoway County has an assessed value of $100,000, the property tax rate of $0.65 per $100 of assessed value would result in an annual property tax bill of $650. This rate may vary depending on the location and specific characteristics of the property. Property owners in Nottoway County can contact their local tax assessor's office for more information on their specific property tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Nottoway County Property Tax Rates
Here is the table of Nottoway County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Real Estate | $0.67 |
| Personal Property | $4.20 |
| Machinery and Tools | $0.67 |
| Mobile Homes | $0.67 |
| Public Service Corporation | $1.50 |
Note: The rates mentioned above are for the tax year 2021.
Who sets property tax rates in Nottoway County ?
The property tax rates in Nottoway County are set by the Board of Supervisors. They are responsible for determining the tax rates annually, typically during the budgetary process in the spring.
The Board of Supervisors considers a variety of factors when setting the tax rates, including the county's needs, revenue projections, and the overall economic climate. They strive to strike a balance between providing necessary services to residents and businesses while minimizing the tax burden on property owners.
It's important for property owners in Nottoway County to stay informed about the tax rate changes and how they may impact their finances. They can review the county's budget and attend public meetings to learn more about the tax rate setting process.
Here's a summary of the key points:
| Who sets the property tax rates in Nottoway County? | The Board of Supervisors | | When are the property tax rates set? | Annually, typically during the budgetary process in the spring | | What factors are considered when setting the tax rates? | County needs, revenue projections, and the overall economic climate | | How can property owners stay informed about tax rate changes? | Review the county's budget and attend public meetings |
Homestead exemptions in Nottoway County ?
Here is a table with the columns exemption, eligibility, amount, and notes that includes all county-specific homestead exemptions and deductions in Nottoway County, Virginia:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly and Disabled | Age 65 or older or totally and permanently disabled | Up to $20,000 | Must apply annually |
| Disabled Veterans | Veteran with a service-connected disability of at least 10% | Up to $10,000 | Must apply annually |
| Surviving Spouse of Military Service Member | Widow or widower of military service member killed in action or died while on active duty | Up to $10,000 | Must apply annually |
| Surviving Spouse of First Responder | Widow or widower of first responder killed in the line of duty | Up to $10,000 | Must apply annually |
| Conservation Easement | Property owner who enters into a permanent conservation easement | Up to 100% | Must apply to the Commissioner of the Revenue |
| Land Use | Property used for agriculture, horticulture, forestry, or open-space land preservation | Up to 75% | Must apply to the Commissioner of the Revenue |
It is important to note that these exemptions and deductions are specific to Nottoway County, Virginia. Applicants must meet the eligibility requirements and follow the application process for each exemption or deduction they are seeking.
When is Nottoway County Property Tax due ?
Nottoway County Property Tax is typically due on December 5th of each year. There are several payment methods available to taxpayers, including:
| Payment Method | Details |
|---|---|
| Online | Taxpayers can pay their property taxes online through the Nottoway County website using a credit/debit card or electronic check. |
| Taxpayers can mail their payment to the Nottoway County Treasurer's office. The check or money order should be made payable to "Nottoway County Treasurer" and include the taxpayer's account number. | |
| In-person | Taxpayers can pay their property taxes in-person at the Nottoway County Treasurer's office during normal business hours. Payments can be made using cash, check, or money order. |
It is important to note that if a taxpayer fails to pay their property taxes by the due date, they may be subject to penalty and interest charges. Therefore, it is recommended that taxpayers pay their property taxes in a timely manner in order to avoid additional fees.
If you have more questions - contact your local tax collector.
How is Nottoway County Property Tax penalty calculated ?
Nottoway County calculates property tax penalties based on a set formula. The penalty is calculated as a percentage of the unpaid taxes on the property. Here is an example of how the penalty is calculated:
- Let's say a property owner owes $1,000 in property taxes for the year.
- The due date for payment is June 5th.
- If the property owner does not pay by June 5th, they will be charged a penalty of 10%.
- This means that the penalty will be $100 (10% of $1,000).
- If the property owner still does not pay by August 5th, an additional penalty of 5% will be added.
- This means that the total penalty will be $150 (10% + 5% of $1,000).
In summary, the Nottoway County Property Tax penalty is calculated as a percentage of the unpaid taxes on the property. The penalty increases the longer the taxes remain unpaid. Property owners can avoid penalties by paying their taxes on time.
We recommend contacting the Nottoway County Tax Office or a local tax professional for the most up-to-date and accurate information.