Example of Perquimans County Property Tax Calculation
Perquimans County calculates property taxes based on the assessed value of the property. The assessed value is determined by the county tax assessor's office and is equal to 100% of the property's appraised value. Once the assessed value is determined, the property tax rate is applied to calculate the annual tax amount.
For example, if a property in Perquimans County has an assessed value of $100,000 and the property tax rate is 1%, the annual property tax amount would be $1,000 ($100,000 x 0.01).
It is important to note that the property tax rate is set by the county's board of commissioners and can vary from year to year. Additionally, certain exemptions or deductions may apply to reduce the assessed value of the property and lower the overall property tax amount.
If you want appeal your property tax assessment - contact your local tax assessor.
Perquimans County Property Tax Rates
The table below shows the Perquimans County Property Tax rates in US dollars per 100 dollars of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.70 |
| School Tax | $0.96 |
| Municipal Tax | $0.00 |
| Fire District Tax | $0.07 |
| Water and Sewer District Tax | $0.00 |
Note that the municipal and water/sewer district taxes are not applicable in Perquimans County.
Who sets property tax rates in Perquimans County ?
Perquimans County Property Tax Rates:
The Perquimans County Board of Commissioners sets the property tax rates annually during their budget session. Property tax in Perquimans County is a primary source of funding for county services such as schools, roads, and law enforcement. The tax rate is determined based on the assessed value of the property and is generally due by January 5th each year. Property owners in Perquimans County should contact the county tax office for information about their specific property tax rate and payment options.
Homestead exemptions in Perquimans County ?
Homestead Exemptions and Deductions in Perquimans County, North Carolina
Table of Exemptions and Deductions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead | Must own and occupy primary residence in county | Up to $25,000 | Applies to all property taxes |
| Elderly | Must be at least 65 years old and own and occupy primary residence | Up to $25,000 | Applies to all property taxes |
| Disabled | Must have a permanent disability and own and occupy primary residence | Up to $25,000 | Applies to all property taxes |
| Disabled Vet | Must have a permanent disability from military service | Up to $45,000 | Applies to all property taxes |
| War Vet | Must have served in military during specific war/conflict | Up to $45,000 | Applies to all property taxes |
| Circuit Breaker | Must be at least 65 years old, or disabled with household income under $30,200 | Up to $300 | For taxpayers who have a primary residence in the county, and whose property tax liability is more than 4% of their income |
| Agricultural | Must own and occupy land in county that is being used for agriculture | Varies depending on acreage and use | Applies only to property taxes for agricultural land |
| Present Use | Must own and occupy land in county that is being used for forestry | Varies depending on acreage and use | Applies only to property taxes for forestry land |
| Historic | Must own and occupy a historic home or property in the county | Up to 50% reduction in property taxes | Applies only to property taxes for historic homes or properties |
Notes
- To apply for any of these exemptions or deductions, the taxpayer must submit the appropriate application to the county tax commissioner's office.
- The amount of the exemption or deduction may change from year to year based on state and county legislation.
- Taxpayers who qualify for multiple exemptions or deductions may only apply for one. They will receive the exemption or deduction with the highest value.
- These exemptions and deductions only apply to property taxes, not to state income taxes or other taxes.
When is Perquimans County Property Tax due ?
Perquimans County Property Tax Due Date and Payment Methods
Property owners in Perquimans County must pay property taxes on time to avoid penalties and interest charges. Here's what you need to know about the due date and payment methods for Perquimans County Property Tax:
Due Date
- The due date for Perquimans County Property Tax is September 1st each year.
- If the due date falls on a weekend or holiday, the deadline will be extended to the next business day.
Payment Methods
Perquimans County offers several convenient methods to pay your property taxes:
- Online: You can pay your property taxes online using a debit or credit card through the county's website.
- By Mail: You can mail a check or money order to the Perquimans County Tax Collector's Office.
- In Person: You can pay in person at the Tax Collector's Office located at 110 North Church Street, Hertford, NC 27944.
Remember to include your property tax bill with your payment to ensure proper credit to your account. If you have any questions about your property tax bill or payment options, contact the Perquimans County Tax Collector's Office at (252) 426-5660.
By paying your property tax on time, you can avoid late fees and interest charges, and help support local services and infrastructure in Perquimans County.
If you have more questions - contact your local tax collector.
How is Perquimans County Property Tax penalty calculated ?
Perquimans County Property Tax Penalty Calculation:
Property tax is an annual tax levied on the assessed value of a property. If a property owner fails to pay property tax on time, they may incur penalties & interest charges. The penalty is calculated based on the delinquent property tax amount and the number of days past the due date.
Here is an example to explain the Perquimans County Property Tax Penalty Calculation:
Suppose, John owns a property in Perquimans County, and his total property tax assessment is $10,000. His property tax is due on September 1st. John doesn't pay his property tax by the due date and pays it on October 15th, which is 45 days past the due date.
Perquimans County charges a penalty of 2% for the first month of delinquency and 0.75% for each additional month. Therefore, John will face a penalty of 2% (i.e., $10,000 x 2% = $200) for the first month and 0.75% (i.e., $10,000 x 0.75% = $75) for the additional 1.5 months of delinquency (i.e., from October 1st to October 15th).
Thus, John's total penalty fee will be calculated as follows:
| Penalty Type | Calculation | Amount | |-------------- |---------------------------------------------------------------------------------- |------------- | | 1st Month | 2% of $10,000 | $200 | | Additional | 0.75% of $10,000 x 1.5 months (from Oct 1st to Oct 15th) | $112.50 | | Total Penalty | Sum of 1st Month and Additional Penalty | $312.50 |
Therefore, John needs to pay his property tax of $10,000 plus a penalty fee of $312.50, making his total payment due of $10,312.50.
It is important to pay property tax on time to avoid incurring additional charges and penalties. Property owners can contact the Perquimans County Tax Office for more information and assistance regarding their property tax payment.
We recommend contacting the Perquimans County Tax Office or a local tax professional for the most up-to-date and accurate information.