Example of Rockingham County Property Tax Calculation
Rockingham County calculates property tax based on the assessed value of the property. The assessed value is determined by the county tax assessor's office and takes into account factors such as the property's location, size, and condition.
To calculate the property tax, the assessed value is multiplied by the tax rate, which is expressed as a percentage. For example, if the assessed value of a property is $100,000 and the tax rate is 1%, the property tax would be $1,000.
In addition to the county tax rate, there may be additional taxes levied by the city or town where the property is located. These rates vary and are added to the county tax rate to determine the total property tax owed.
Property owners in Rockingham County can expect to receive their property tax bills in the mail each year, typically due by January 5th of the following year. Payment options include online, by mail, or in person at the county tax office.
If you want appeal your property tax assessment - contact your local tax assessor.
Rockingham County Property Tax Rates
The following table lists the current Rockingham County property tax rates per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.699 |
| School Tax | $1.214 |
| Municipal Tax (Various Cities/Towns) | Varies by Municipality |
It is important to note that the municipal tax rate can vary depending on the city or town in which the property is located. It is recommended to consult with a local tax advisor for specific information on property tax rates in your area.
Who sets property tax rates in Rockingham County ?
Property Tax Rates in Rockingham County
Setting the Rates
Property tax rates in Rockingham County are set by the Board of Supervisors. This is typically done during their annual budget process, which takes place in the spring of each year. The Board of Supervisors is made up of elected officials who are responsible for governing the county.
Factors that Influence Rates
There are several factors that can influence property tax rates in Rockingham County. These include:
- The overall budget for the county
- The assessed value of properties in the county
- Any changes in state or federal funding that the county receives
The Board of Supervisors takes all of these factors into consideration when setting the property tax rates for the upcoming year.
Appeal Process
If property owners in Rockingham County believe that their property has been over-assessed or that their property tax rates are too high, they can appeal the assessment. The appeal process is handled by the Commissioner of the Revenue's office, and property owners must submit their appeal within a certain timeframe in order for it to be considered.
Overall, property tax rates in Rockingham County are set by the Board of Supervisors and are influenced by a variety of factors. Property owners who have concerns about their rates can appeal the assessment through the Commissioner of the Revenue's office.
Homestead exemptions in Rockingham County ?
To help residents of Rockingham County, Virginia understand the various Homestead exemptions and deductions available to them, here is a table outlining the exemption, eligibility criteria, amount, and any important notes to keep in mind:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| County Exemption | Primary residence must be in Rockingham County and owner must have lived there for at least one year. | $2,000 off assessed value | Available to all eligible residents |
| Elderly or Disabled Exemption | Must be 65 years or older or permanently disabled, and meet income requirements | Up to $20,000 off assessed value | Must provide proof of age or disability and income |
| Disabled Veterans Exemption | Must be honorably discharged from military service, have a service-connected disability, and meet income requirements | Up to $10,000 off assessed value | Must provide proof of military service, disability, and income |
| Veterans Exemption | Must have served on active duty during a recognized war or military conflict, and meet income requirements | Up to $10,000 off assessed value | Must provide proof of military service and income |
| Surviving Spouse Exemption | Must be a widow or widower of an eligible veteran or public safety officer, and meet income requirements | Up to $10,000 off assessed value | Must provide proof of marriage, spouse's military or public safety service, and income |
It's important to note that these exemptions and deductions are subject to change and may have additional requirements or limitations. Residents should consult with their local tax assessor's office for more information and to determine their eligibility.
When is Rockingham County Property Tax due ?
Rockingham County Property Tax is typically due on September 1st of each year. Here are some payment methods available to taxpayers in Rockingham County:
Payment Methods
| Payment Method | Description |
|---|---|
| Taxpayers can mail their payment to the Rockingham County Tax Collector's Office using a check or money order. The address is 371 NC Hwy 65, Suite 104, Reidsville, NC 27320. | |
| Online | Taxpayers can pay their property tax bill online using a credit/debit card or an e-check by visiting the Rockingham County website. |
| In-Person | Taxpayers can pay their property tax bill in-person by visiting the Rockingham County Tax Collector's Office located at 371 NC Hwy 65, Suite 104, Reidsville, NC 27320. Cash, check, and credit/debit card payments are accepted at the office. |
It is important to note that late payments will be subject to penalties and interest, so taxpayers are encouraged to make their payments on time.
If you have more questions - contact your local tax collector.
How is Rockingham County Property Tax penalty calculated ?
Rockingham County Property Tax Penalty Calculation
When property owners in Rockingham County, USA, fail to pay their property taxes on time, they will be subject to a penalty. The penalty is calculated based on the amount of unpaid taxes and the number of days late.
Here is how to calculate the penalty:
-
Determine the amount of unpaid taxes: This is the amount of property taxes that the owner has not paid by the due date.
-
Determine the number of days late: This is the number of days between the due date of the property taxes and the date the payment is received.
-
Calculate the penalty: The penalty is calculated as follows:
- For the first month late, the penalty is 2% of the unpaid taxes.
- For each additional month late, an additional penalty of 0.75% of the unpaid taxes is added.
For example, suppose a property owner has $10,000 in unpaid property taxes and is 60 days late in paying them. The penalty would be calculated as follows:
- First month late penalty: $10,000 x 2% = $200
- Second month late penalty: $10,000 x 0.75% = $75
Total penalty: $275
In this example, the property owner would owe $10,275 in total - the $10,000 in unpaid taxes plus the $275 penalty.
It is important to note that the penalty for late payment of property taxes in Rockingham County can add up quickly. Property owners should make every effort to pay their taxes on time to avoid penalties and interest charges.
We recommend contacting the Rockingham County Tax Office or a local tax professional for the most up-to-date and accurate information.