Example of Roscommon County Property Tax Calculation
The property tax calculation in Roscommon County is determined by multiplying the assessed value of a property by the millage rate. The assessed value is determined by the county assessor's office and represents the estimated market value of the property.
For example, a property with an assessed value of $100,000 and a millage rate of 50 mills would have a property tax bill of $5,000. To calculate this, you would multiply the assessed value ($100,000) by the millage rate (50 mills, or 0.05) to get $5,000.
It's important to note that the millage rate can vary depending on the location of the property and the services provided by the county. Homeowners can typically find their property's millage rate on their tax bill or by contacting their local county government office.
If you want appeal your property tax assessment - contact your local tax assessor.
Roscommon County Property Tax Rates
The Roscommon County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Operating | $4.20 |
| County Roads | $1.25 |
| County Transit | $0.50 |
| County Library | $0.50 |
| County Health | $0.15 |
| County Senior Services | $0.25 |
| County Parks | $0.25 |
| Drainage | Varies |
| School Operating | Varies |
| School Debt | Varies |
It is important to note that the exact tax rates for Drainage and School taxes may vary depending on the specific location within Roscommon County. Property owners should consult with their local tax assessor's office for more information.
Who sets property tax rates in Roscommon County ?
Who sets property tax rates in Roscommon County?
The property tax rates in Roscommon County are set by the Roscommon County Board of Commissioners.
When are the property tax rates set?
The property tax rates are typically set in the fall of each year, prior to the start of the next tax year. The exact date can vary, but it is usually in October or November.
How are property tax rates determined?
Property tax rates are determined based on a variety of factors, including the assessed value of the property, the tax levy set by the county, and any applicable exemptions or credits. The county board of commissioners reviews this information and sets the tax rates accordingly.
What is the current property tax rate in Roscommon County?
The current property tax rate in Roscommon County varies depending on the specific township or municipality. As of 2021, the average property tax rate in Roscommon County is around 1.4% of the property's assessed value.
For more information on property taxes in Roscommon County, individuals can visit the county's website or contact the county treasurer's office.
Homestead exemptions in Roscommon County ?
The table below lists all of the county-specific Homestead exemptions and deductions in Roscommon County, Michigan. These exemptions and deductions are available to eligible homeowners who own and occupy their primary residence in Roscommon County.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Principal Residence Exemption | Homeowner who owns and occupies primary residence in Roscommon County | 18 mills of taxable value | Application must be filed with township or city assessor by May 1st |
| Homestead Property Tax Credit | Homeowner with household income under $50,000 | Varies based on income and property taxes paid | Must file state income tax return and Form MI-1040CR by April 15th |
| Senior Citizen Exemption | Homeowner age 65 or older who owns and occupies primary residence in Roscommon County | Up to $50,000 of taxable value | Application must be filed with township or city assessor |
| Disabled Veterans Exemption | Veteran with 100% service-connected disability or their surviving spouse | Varies based on disability rating | Application must be filed with township or city assessor |
| Poverty Exemption | Homeowner with household income at or below federal poverty guidelines | Varies based on income and property taxes paid | Must complete application with township or city assessor and provide proof of income |
It is important to note that eligibility and amounts may vary based on individual circumstances, and homeowners should consult with the township or city assessor to determine their specific options for exemptions and deductions. By taking advantage of these county-specific options, eligible homeowners in Roscommon County may be able to significantly reduce their property tax burden.
When is Roscommon County Property Tax due ?
Roscommon County Property Tax is due on March 1st of every year. There are several payment methods available for taxpayers to choose from, including:
- Online payment: Taxpayers can pay their property tax online using a credit card or electronic check through the county's website.
- Mail: Taxpayers can also choose to mail a check or money order to the County Treasurer's Office. The payment must be postmarked by March 1st to avoid penalties.
- In-person: Taxpayers can visit the County Treasurer's Office and pay in person using cash, check, or credit card.
It's important to note that failure to pay property taxes on time can result in penalties and interest charges. Taxpayers who are struggling to make their payment should contact the County Treasurer's Office to discuss payment options and potential assistance programs.
If you have more questions - contact your local tax collector.
How is Roscommon County Property Tax penalty calculated ?
Roscommon County Property Tax Penalty Calculation
In Roscommon County, Michigan, property taxes are due on or before September 14th of each year. If a property owner fails to pay the full amount of their property taxes by this deadline, they will be subject to a penalty. The penalty for late payment is calculated as follows:
- 1% Penalty: A 1% penalty is added to the unpaid tax balance on September 15th or the next business day following this date.
- 1.5% Penalty: An additional 1.5% penalty is added to the unpaid tax balance on March 1st of the following year or the next business day following this date.
For example, if a property owner has an unpaid tax balance of $10,000 and fails to pay by the September 14th deadline, a 1% penalty of $100 will be added on September 15th, bringing the total unpaid balance to $10,100. If payment is still not made by March 1st of the following year, an additional 1.5% penalty of $151.50 will be added, bringing the total unpaid balance to $10,251.50.
It is important to note that interest charges will also accrue on the unpaid balance at a rate of 1% per month, starting on March 1st of the following year.
To avoid penalties and interest charges, property owners in Roscommon County must make sure to pay their property taxes in full by the September 14th deadline.
We recommend contacting the Roscommon County Tax Office or a local tax professional for the most up-to-date and accurate information.