Example of Poinsett County Property Tax Calculation
Poinsett County calculates property taxes based on the assessed value of the property. The assessed value is determined by the county assessor's office and is a percentage of the property's actual value. The tax rate for Poinsett County is currently 0.0145.
To calculate the property tax, multiply the assessed value by the tax rate. For example, if a property in Poinsett County has an assessed value of $50,000, the property tax would be $725 (50,000 x 0.0145).
It's important to note that property tax rates and assessed values can vary from county to county and can change from year to year. Property owners in Poinsett County should contact the county assessor's office for the most up-to-date information on property tax calculations.
If you want appeal your property tax assessment - contact your local tax assessor.
Poinsett County Property Tax Rates
The following table lists the Poinsett County Property Tax rates per 100$ of assessed value. These rates are accurate as of the current fiscal year.
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| County General | 2.40 |
| County Road | 2.10 |
| County Library | 0.30 |
| County Solid Waste | 1.50 |
| Harrisburg School District | 37.50 |
| Trumann School District | 37.00 |
| Lepanto School District | 34.00 |
It is important to note that these rates may vary depending on the specific property and its location within Poinsett County. Additionally, property owners may be eligible for certain exemptions or deductions based on factors such as age or disability. Therefore, it is recommended that property owners consult with a tax professional for personalized advice.
Who sets property tax rates in Poinsett County ?
The property tax rates in Poinsett County are set by the county government. More specifically, the Poinsett County Quorum Court approves the county's annual budget, which includes the property tax rates. This typically occurs in November or December of each year, with the new rates taking effect on January 1st of the following year. It is worth noting that property tax rates may vary depending on the location and type of property.
Homestead exemptions in Poinsett County ?
In Poinsett County, Arkansas, there are several Homestead exemptions and deductions that residents may be eligible for. Here are the details on each, including exemption, eligibility, amount, and any relevant notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Any homeowner who uses their property as their primary residence | Up to $350 | Must be filed between January 1 and May 31 |
| Personal Property Exemption | Any homeowner who is at least 65 years old or disabled | Up to $375 | Must be filed between January 1 and May 31 |
| Veteran's Exemption | Any veteran who is 100% disabled, or the surviving spouse of a veteran who died in service, or a Gold Star parent | Up to $10,000 | Must provide proof of eligibility |
| Disabled Veteran's Exemption | Any veteran who is 100% disabled due to their service | Full exemption on value of primary residence | Must provide proof of eligibility |
| Homestead Credit for the Elderly or Disabled | Any homeowner who is at least 65 years old or disabled | Up to $750 | Must have a household income below $18,000 |
It's important to note that these exemptions and deductions are specific to Poinsett County and may vary in other counties or states. Homeowners should consult with their local government or a tax professional for more information on eligibility and filing requirements.
When is Poinsett County Property Tax due ?
Poinsett County Property Tax is typically due on October 15th of each year. Property owners must pay their taxes in full by this date to avoid any late fees or penalties.
There are a variety of payment methods available to property owners in Poinsett County. These include:
- In-person payments: Property owners can visit the Poinsett County Tax Collector's office to make their payment in person. The office is located at 401 Market Street, Harrisburg, AR 72432.
- Online payments: Property owners can also make their payment online using a credit or debit card. This service is provided through the Arkansas.gov website.
- Mail-in payments: Property owners can also mail their payment to the Poinsett County Tax Collector's office at the address listed above.
It's important to note that if a property owner is unable to pay their taxes in full by the October 15th deadline, they may be eligible for a payment plan. This can be arranged by contacting the Poinsett County Tax Collector's office. However, it's always best to pay in full by the deadline to avoid any additional fees or interest charges.
In summary, Poinsett County Property Tax is due on October 15th each year and can be paid in person, online, or by mail. Property owners who are unable to pay in full may be eligible for a payment plan.
If you have more questions - contact your local tax collector.
How is Poinsett County Property Tax penalty calculated ?
Poinsett County Property Tax Penalty Calculation:
When a property owner fails to pay their property taxes by the designated deadline, a penalty is added to the amount due. The penalty is calculated as a percentage of the unpaid taxes and increases over time as the delinquency continues.
Here's an example:
Let's say that a property owner in Poinsett County owes $1,000 in property taxes but fails to pay by the deadline. They are assessed a penalty of 10% for the first month, which would add $100 to the amount due. If they still fail to pay after the first month, an additional penalty of 1% per month is added until the taxes are paid in full.
To make it easier to understand, here is the penalty calculation shown in a table:
| Penalty Calculation | Amount |
|---|---|
| Unpaid Taxes | $1,000 |
| 1st Month Penalty (10%) | $100 |
| 2nd Month Penalty (11%) | $110 |
| 3rd Month Penalty (12%) | $120 |
| 4th Month Penalty (13%) | $130 |
| 5th Month Penalty (14%) | $140 |
| 6th Month Penalty (15%) | $150 |
It is important for property owners in Poinsett County to pay their property taxes on time to avoid penalties and additional fees.
We recommend contacting the Poinsett County Tax Office or a local tax professional for the most up-to-date and accurate information.