Example of Pecos County Property Tax Calculation
In Pecos County, property tax is calculated by multiplying the taxable value of the property by the tax rate. The taxable value of a property is determined by the county appraisal district based on the market value of the property.
For example, if a property has a taxable value of $100,000 and the tax rate is 2.5%, the property tax for that year would be $2,500 (100,000 x 0.025 = 2,500).
It's important to note that property tax rates and taxable values can vary from year to year, so it's always a good idea to check with the county appraisal district for the most up-to-date information.
If you want appeal your property tax assessment - contact your local tax assessor.
Pecos County Property Tax Rates
Here is a formatted table listing Pecos County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.5537 |
| Hospital District | $0.1913 |
| County Road and Bridge Fund | $0.1000 |
| Pecos County Independent School District | $1.1792 |
| City of Fort Stockton | $0.6518 |
These rates are in effect for the current tax year and apply to properties located within Pecos County. Property owners should consult with their tax advisor for specific information regarding their individual property tax liabilities.
Who sets property tax rates in Pecos County ?
Property tax rates in Pecos County are set by the Pecos County Commissioners Court. This group is made up of elected officials who are responsible for managing the county's finances and setting the tax rate. They typically meet once a year to determine the property tax rate for the upcoming year. Property owners in Pecos County can expect to receive their tax bill in the mail each year, which will include the assessed value of their property and the amount of tax owed based on the current rate.
Homestead exemptions in Pecos County ?
To help Pecos County residents understand all the county-specific Homestead exemptions and deductions available, we have created a comprehensive table below. This table includes the exemption name, eligibility requirements, the amount of exemption, and any notes or additional information.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Residential Homestead | Must own and occupy as primary residence on January 1st | 20% of the property's assessed value | Maximum exemption of $25,000 |
| Over 65 Homestead | Must be 65 or older and own and occupy as primary residence on January 1st | Up to $10,000 | Based on income level |
| Disabled Veteran Homestead | Must be a disabled veteran and own and occupy as primary residence on January 1st | Up to $12,000 | Based on disability rating |
| Widow(er) Homestead | Must be a widow or widower and own and occupy as primary residence on January 1st | Up to $5,000 | Based on income level |
| Agricultural Land | Must be used for agriculture purposes | Up to 20% of the property's assessed value | N/A |
| Disabled Person Homestead | Must have a disability and own and occupy as primary residence on January 1st | Up to $10,000 | Based on disability rating |
It's important to note that eligibility requirements and exemption amounts may vary based on individual circumstances. For more information on Homestead exemptions and deductions, residents are encouraged to contact the Pecos County Appraisal District.
When is Pecos County Property Tax due ?
The Pecos County Property Tax is typically due on January 31st of each year. There are several payment methods available for taxpayers to use, including:
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Online Payment: Taxpayers can pay their property tax online using a credit card or e-check through the Pecos County Tax Office website.
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Mail: Taxpayers can also mail their payment to the Pecos County Tax Office at the following address:
Pecos County Tax Office 103 W. Callaghan St. Fort Stockton, TX 79735
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In-Person: Taxpayers can make their payment in-person at the Pecos County Tax Office during normal business hours.
It is important to note that late payments are subject to penalty fees and interest charges. Therefore, it is recommended that taxpayers make their payments on time to avoid unnecessary fees.
If you have more questions - contact your local tax collector.
How is Pecos County Property Tax penalty calculated ?
Pecos County Property Tax Penalty Calculation
In Pecos County, property owners are required to pay property taxes annually. Failure to pay these taxes on time results in a penalty that is calculated based on several factors. Here's a breakdown of how the penalty is calculated:
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Late Payment Penalty Rate: The penalty rate for late payment of property taxes in Pecos County is set by the Texas Tax Code. The rate is 6% of the unpaid tax amount, plus 1% for each additional month that the payment is overdue.
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Assessed Property Value: The amount of property tax owed is based on the assessed value of the property. The county tax assessor's office determines the assessed value of the property each year.
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Due Date: Property taxes in Pecos County are due on January 31st of each year. After this date, the payment is considered overdue.
Example:
Let's say a property owner in Pecos County owes $10,000 in property taxes for the year. If they fail to make the payment by the due date of January 31st, they will be subject to a penalty. Here's how the penalty would be calculated:
- Late Payment Penalty Rate: 6% of $10,000 = $600
- Additional Penalty for Late Payment: 1% of $10,000 = $100 (because the payment is one month overdue)
- Total Penalty: $600 + $100 = $700
Therefore, if the property owner paid their property taxes on February 28th, one month overdue, they would owe a total of $10,700 ($10,000 in taxes + $700 in penalties).
It's important for property owners in Pecos County to pay their property taxes on time to avoid penalties and additional fees.
We recommend contacting the Pecos County Tax Office or a local tax professional for the most up-to-date and accurate information.