Example of Ross County Property Tax Calculation
Ross County calculates property taxes based on the assessed value of the property. The assessed value is determined by the County Auditor's Office and is equal to a percentage of the property's market value. This percentage may vary depending on the type of property and the location within the county.
Once the assessed value is determined, the County applies a tax rate to calculate the annual property tax. For example, if the assessed value of a property is $100,000 and the tax rate is 2%, the property owner would owe $2,000 in property taxes each year.
It is important to note that property tax rates and assessments can change from year to year, so property owners should consult the County Auditor's Office for the most up-to-date information on their specific property.
If you want appeal your property tax assessment - contact your local tax assessor.
Ross County Property Tax Rates
The Ross County Property Tax rates per $100 of assessed value are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General | $3.85 |
| Children's | $0.50 |
| Senior | $0.50 |
| Mental Health | $0.50 |
It's important to note that these rates are subject to change and may vary based on the specific property location and other factors. It's always best to consult with a local tax advisor for the most accurate information regarding property taxes in Ross County.
Who sets property tax rates in Ross County ?
Who sets property tax rates in Ross County?
The Ross County Board of Commissioners is responsible for setting property tax rates. The board consists of three elected officials who serve a four-year term. They have the authority to adopt and adjust the county's budget, including property taxes.
When are property tax rates set in Ross County?
The Ross County Board of Commissioners typically sets property tax rates in December of each year. This allows property owners to receive their tax bill in January and pay it before the deadline in February. It is important to note that property tax rates can be adjusted at any time during the year by the board if deemed necessary.
Homestead exemptions in Ross County ?
To provide information about the Homestead exemptions and deductions in Ross County, Ohio, a table with the following columns can be created:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Homeowners | Up to $25,000 | Applies to primary residences |
| Homestead Exemption | Senior citizens or disabled individuals | Up to $25,000 | Applies to primary residences |
| Military Exemption | Active duty service members or veterans | Up to $50,000 | Applies to primary residences |
| Agricultural Exemption | Property used for agricultural purposes | Varies based on acreage and usage | Must meet specific requirements |
| Owner-Occupied Credit | Homeowners | Varies based on assessed value | Credit applied to property taxes |
It is important to note that the eligibility and amount of the exemptions and deductions may vary depending on individual circumstances and qualifications. Additionally, specific requirements may apply to certain types of exemptions, such as the Agricultural Exemption.
As a homeowner or property owner in Ross County, it is important to research and understand the available exemptions and deductions in order to potentially save on property taxes.
When is Ross County Property Tax due ?
Ross County Property Tax Due Date and Payment Methods
Property taxes in Ross County, Ohio are typically due on February 5th each year. Failure to pay by this date may result in late fees and penalties. There are several payment methods available to property owners, including:
| Payment Method | Details |
|---|---|
| Online | Pay online using a credit/debit card or electronic check through the Ross County Treasurer's website. A convenience fee may apply. |
| Send a check or money order to the Ross County Treasurer's office by mail. The address is 2 N. Paint St., Suite G, Chillicothe, OH 45601. | |
| In Person | Pay in person at the Ross County Treasurer's office using cash, check, or money order. The office is located at 2 N. Paint St., Suite G, Chillicothe, OH 45601. Office hours are Monday-Friday, 8:30am-4:30pm. |
It is important to note that property owners who escrow their taxes with their mortgage lender should ensure that their lender receives a copy of their tax bill in a timely manner. Property owners who have questions about their tax bill or payment options should contact the Ross County Treasurer's office at (740) 702-3080.
If you have more questions - contact your local tax collector.
How is Ross County Property Tax penalty calculated ?
Ross County Property Tax Penalty Calculation
Ross County imposes a penalty on property taxes that are not paid on time. The penalty is calculated based on the amount of unpaid taxes and the number of days late.
The penalty for unpaid taxes is 5% of the unpaid balance plus an additional 5% for each month or partial month that the taxes are late. The penalty is capped at a maximum of 25%. This means that if the taxes are 5 months late or more, the penalty will not increase any further.
Example:
Suppose a property owner has an unpaid property tax balance of $10,000 and the deadline for payment was January 31st. However, the payment was made on April 15th, which is 2 1/2 months late.
The penalty for the first month would be 5% of $10,000, which is $500. The penalty for the second month would be an additional 5% of $10,000, which is another $500. The penalty for the partial third month would be 2 1/2% of $10,000, which equals $250.
Therefore, the total penalty for a 2 1/2 month late payment of $10,000 in Ross County would be $1,250.
Late payment of property taxes should be avoided as it not only incurs a penalty but also negatively affects the property owner's credit rating. It is advisable to pay property taxes on time to avoid any unnecessary penalties and repercussions.
Below is a table summarizing the calculation:
| Months Late | Penalty % | Penalty Amount |
|---|---|---|
| 1 | 5% | $500 |
| 2 | 10% | $1,000 |
| 2.5 | 12.5% | $1,250 |
| Maximum | 25% | $2,500 |
We recommend contacting the Ross County Tax Office or a local tax professional for the most up-to-date and accurate information.