Randall County Property Tax Rates
The following table lists the property tax rates for Randall County in Texas:
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| County Tax | $0.4595 |
| City Tax | $0.3800 |
| School Tax | $1.2900 |
As a tax advisor, it is important to note that these rates are subject to change and may vary based on the specific property and its location within the county. It is recommended that individuals consult with a local tax professional for more detailed information and guidance on their property tax obligations.
Example of Randall County Property Tax Calculation
Randall County calculates property tax based on the appraised value of the property. For example, if a property is appraised at $100,000 and the tax rate is 2%, the property owner would owe $2,000 in property taxes.
To calculate the property tax for a specific property in Randall County, the appraised value is multiplied by the tax rate set by the county. This tax rate is typically expressed as a percentage and is set annually by the county commissioners.
It is important to note that property taxes are used to fund local government services such as schools, roads, and public safety. Property owners in Randall County may be eligible for exemptions or reductions in their property tax based on certain criteria such as age, disability, or residency.
Overall, understanding how property tax is calculated in Randall County can help property owners properly plan and budget for their tax payments.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Randall County ?
Property tax rates in Randall County are set by the Randall County Commissioners Court. This governing body meets regularly to determine the budget and tax rates for the county. The property tax rate is typically set in August or September of each year, in preparation for the upcoming tax year. The tax rate is based on the assessed value of the property and is used to fund local government services such as schools, law enforcement, and roads. Property owners in Randall County can contact the county tax office for information on their specific property tax assessment and payment options.
| Who sets property tax rates? | Randall County Commissioners Court |
|---|---|
| When are property tax rates set? | August or September of each year |
When is Randall County Property Tax due ?
Randall County Property Tax is typically due on January 31st of each year. Taxpayers have several payment methods available to them, including online payments, in-person payments, and mailing in a check or money order.
Here is a breakdown of the payment methods available:
| Payment Method | Description |
|---|---|
| Online | Taxpayers can pay their property tax online at the Randall County Tax Assessor-Collector website using a credit card, debit card, or e-check. |
| In-person | Taxpayers can pay their property tax in person at the Randall County Tax Office with a check, cash, or money order. |
| Taxpayers can mail in their property tax payment with a check or money order to the Randall County Tax Office. The address can be found on the tax statement. |
It is important to note that if the due date falls on a weekend or holiday, the deadline will be extended to the next business day. Additionally, failure to pay property taxes on time may result in penalties and interest charges.
If you have more questions - contact your local tax collector.
Homestead exemptions in Randall County ?
To help homeowners in Randall County, Texas understand the various Homestead exemptions and deductions available to them, here is a table outlining the specific details for each one:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | $25,000 | Applies to the first $25,000 of the property's appraised value |
| Disabled Person Exemption | Homeowners with a documented disability | $10,000 | Must provide proof of disability |
| Over-65 Exemption | Homeowners over the age of 65 | $10,000 | Must have owned and occupied the property as their primary residence for at least one year |
| Surviving Spouse Exemption | Widows/widowers | $10,000 | Must have owned and occupied the property as their primary residence for at least one year and not have remarried |
| Disabled Veteran Exemption | Veterans with a disability rating of at least 10% | Varies | Must provide proof of disability and discharge papers |
| Unremarried Surviving Spouse of a Disabled Veteran Exemption | Widows/widowers of disabled veterans | $5,000 | Must have owned and occupied the property as their primary residence for at least one year and not have remarried |
It's important to note that some of these exemptions may be applied in conjunction with others, and there may be additional requirements and limitations for each one. Homeowners in Randall County should consult with their local tax assessor's office for more information and to determine their eligibility.
How is Randall County Property Tax penalty calculated ?
Randall County Property Tax Penalty Calculation
In Randall County, Texas, property owners are required to pay their property taxes before January 31st of each year. Failure to pay the full amount by this deadline will result in a penalty and interest charges. The penalty and interest charges are calculated as follows:
Penalty Calculation:
| Timeframe | Penalty Percentage |
|---|---|
| February 1st - February 28th | 6% |
| March 1st - March 31st | 7% |
| April 1st - April 30th | 8% |
| May 1st - May 31st | 9% |
| June 1st - June 30th | 10% |
| July 1st and beyond | 12% |
For example, if a property owner owed $2,000 in property taxes and failed to pay by February 28th, they would incur a penalty of $120 (6% of $2,000).
Interest Calculation:
In addition to the penalty, there is also an interest charge of 1% per month, or fraction of a month, that the taxes remain unpaid. This interest is calculated on the net tax due after deducting any penalty.
For example, continuing with the previous example, if the property owner still had not paid by March 20th, they would owe an additional $20 in interest charges (1% of $2,000 for the 20 days past the deadline).
It's important for property owners in Randall County to pay their property taxes in a timely manner to avoid incurring hefty penalties and interest charges.
We recommend contacting the Randall County Tax Office or a local tax professional for the most up-to-date and accurate information.