Example of Person County Property Tax Calculation
Person County calculates property taxes based on the assessed value of a property. The assessed value is determined by the county tax assessor, who evaluates the property's characteristics and recent sales in the area. Once the assessed value is determined, the county applies a tax rate to calculate the total property tax owed.
For example, let's say a property in Person County has an assessed value of $150,000. The county's tax rate for the current year is 0.68%, which means that the property owner will owe $1,020 in property taxes for the year. This is calculated by multiplying the assessed value by the tax rate:
$150,000 (assessed value) x 0.0068 (tax rate) = $1,020 (property tax owed)
It's important to note that property taxes in Person County may also include additional fees or assessments. These can include local school district taxes or special assessments for things like road maintenance or waste management. Property owners should check with the county tax office for a complete breakdown of all the taxes and fees that apply to their property.
Overall, property tax calculations in Person County are based on the assessed value of a property and the county's current tax rate. Understanding these calculations can help property owners budget for their tax bills and plan for any additional fees that may apply.
If you want appeal your property tax assessment - contact your local tax assessor.
Person County Property Tax Rates
The table below outlines the Person County Property Tax rates as of the current fiscal year:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.74 |
| City | $0.62 |
| School | $0.97 |
| Fire | $0.08 |
| Special | Varies |
The County tax rate is $0.74 per $100 of assessed value. The City tax rate is $0.62 per $100 of assessed value. The School tax rate is $0.97 per $100 of assessed value. The Fire tax rate is $0.08 per $100 of assessed value. The Special tax rate varies based on specific property classifications, such as commercial or agricultural. Please note that these rates are subject to change and may vary by location within Person County.
Who sets property tax rates in Person County ?
Property Tax Rates in Person County
In Person County, property tax rates are set by the Board of Commissioners. This board is an elected body that is responsible for establishing policies and regulations for the county, including tax rates for property owners.
The tax rates are set annually, typically in the summer months, and are based on the assessed value of the property. This value is determined by the county's tax assessors, who assess the property's worth and provide an estimated value to the Board of Commissioners.
Once the value is determined, the Board of Commissioners will set the tax rate based on the county's budget needs. This rate will apply to all properties in the county and will be paid by the property owners on an annual basis.
It is important to note that property tax rates may vary from year to year and can be impacted by factors such as changes in property values and budget needs. Property owners should always be aware of the current tax rates and how they are calculated in order to properly budget for this expense.
In summary, the Board of Commissioners is responsible for setting property tax rates in Person County, and these rates are based on the assessed value of the property and the county's budget needs.
Homestead exemptions in Person County ?
Here's the requested table in markdown format:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly/Disabled Homestead Exclusion | 65 or older, or totally and permanently disabled | Up to $25,000 | Reduces assessed value of primary residence |
| Disabled Veteran Exclusion | Honorably discharged veteran with 100% permanent disability related to service | Up to $45,000 | Reduces assessed value of primary residence |
| Circuit Breaker Tax Deferment Program | Elderly or disabled with limited income | Defers property taxes | Requires annual application |
| Present Use Value | Land actively used for agriculture, horticulture or forestry | Reduced tax rate | Must apply annually and meet specific criteria |
| Land Use Plan | Land actively used for conservation purposes | Reduced tax rate | Must apply annually and meet specific criteria |
This table includes all county-specific Homestead exemptions and deductions in Person County, North Carolina. It lists the exemption or deduction, the eligibility requirements, the amount or rate of tax reduction, and any notes or specific requirements. This information is important for homeowners in Person County who want to reduce their property taxes or qualify for certain programs. It's important to note that eligibility requirements can change or vary by county, so it's always best to confirm eligibility with the county tax assessor's office.
When is Person County Property Tax due ?
In Person County, property tax is typically due on September 1st of each year. However, if the due date falls on a weekend or holiday, the deadline is extended to the next business day.
There are several payment methods available for Person County property tax. These include:
| Payment Method | Details |
|---|---|
| Online | Property owners can pay their taxes online through the Person County Tax Office website. This method accepts credit/debit cards and e-checks. |
| By Mail | Property owners can mail their payments in the form of a check or money order to the Person County Tax Office. Payments must be postmarked by the due date to avoid penalties. |
| In-Person | Property owners can visit the Person County Tax Office to pay their taxes in person using cash, check, or money order. |
It is important to note that if property tax is not paid by the due date, penalties and interest will accrue on the unpaid balance. Therefore, it is recommended that property owners pay their taxes before the deadline to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Person County Property Tax penalty calculated ?
Person County Property Tax Penalties:
When a person fails to pay their property taxes on time, Person County imposes penalties as a way of enforcing timely payments. The penalty amount is calculated based on the delinquent tax amount and the number of days the payment is late.
The penalty rate is 2 percent for the first month after the due date and an additional 0.75 percent for each additional month the payment remains outstanding. The maximum penalty allowed by law is 10 percent.
Here is an example:
If a person has a delinquent tax amount of $1,000 and their payment is 30 days late, the penalty would be calculated as follows:
- First month penalty: $1,000 x 0.02 = $20
- Second month penalty: $1,000 x (0.02 + 0.0075) = $32.50
Therefore, the total penalty for being 30 days late would be $52.50.
It is important to note that these penalties are in addition to the interest that is charged on unpaid taxes. Therefore, the longer a payment is delinquent, the higher the penalty and interest will grow.
To avoid penalties and interest, property owners should make sure to pay their taxes on time or set up a payment plan with the county.
We recommend contacting the Person County Tax Office or a local tax professional for the most up-to-date and accurate information.