Example of Scurry County Property Tax Calculation
In Scurry County, property taxes are calculated based on the value of the property owned. For example, if a property has a value of $100,000, and the tax rate is 1%, the property tax owed would be $1,000.
To calculate the property tax, the value of the property is multiplied by the tax rate. In Scurry County, the tax rate varies depending on the location and type of property. It is important to note that property taxes are used to fund local government services such as schools, police and fire departments, and road maintenance.
Property owners can appeal their property value if they believe it is too high. This process involves submitting evidence to the appraisal board showing that the value should be lower.
Overall, it is important for property owners in Scurry County to understand how property taxes are calculated and how they are used to fund essential services.
If you want appeal your property tax assessment - contact your local tax assessor.
Scurry County Property Tax Rates
Here is a table listing the Scurry County Property Tax rates per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.6125 |
| City Tax | $0.4000 |
| School Tax | $1.0446 |
| Hospital Tax | $0.1800 |
| Junior College Tax | $0.1200 |
| Total Tax Rate | $2.3971 |
These rates are subject to change depending on updates made by the local government. It is important to verify current tax rates with the appropriate authorities before making any decisions regarding property ownership or transactions.
When is Scurry County Property Tax due ?
Scurry County Property Tax is typically due on January 31st of each year. Here are the payment methods available for the taxpayers:
| Payment Method | Details |
|---|---|
| Taxpayers can send their payments through mail to the tax office. The postmark must be on or before the due date to avoid penalties. | |
| Online | Taxpayers can pay their property taxes online using a debit or credit card or e-check. They can visit the Scurry County Tax Office website to make a payment. |
| In-person | Taxpayers can visit the Scurry County Tax Office in person to make a payment. They can pay using cash, check, or money order. |
It's important to note that if taxpayers fail to pay their property tax by the due date, they will be charged a penalty of 6% of the total amount due plus 1% interest per month until the amount is paid in full. Therefore, taxpayers are advised to make their payments on time to avoid any unnecessary fees.
If you have more questions - contact your local tax collector.
Who sets property tax rates in Scurry County ?
Who Sets Property Tax Rates in Scurry County?
The Scurry County Commissioners' Court is responsible for setting the property tax rates in Scurry County. The court is composed of five elected officials who meet regularly to discuss and make decisions regarding county affairs, including the setting of property tax rates. The commissioners are elected by the citizens of Scurry County and serve four-year terms.
When are Property Tax Rates Set in Scurry County?
Property tax rates are typically set in August or September of each year by the Scurry County Commissioners' Court. The process begins with the county's appraisal district determining the overall value of all taxable property in the county. The court then sets the tax rate based on this value and the county's budget needs for the upcoming year.
How are Property Tax Rates Calculated in Scurry County?
Property tax rates in Scurry County are calculated using a formula that takes into account the value of all taxable property in the county and the county's budget needs. The formula is as follows:
Tax rate = (Budget needs - Other revenue sources) / (Taxable property value)
The resulting tax rate is then applied to each property's assessed value to determine the property owner's tax liability.
Homestead exemptions in Scurry County ?
To help homeowners in Scurry County, Texas, understand the various homestead exemptions and deductions available, the following table outlines the different options:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Residential Homestead Exemption | All homeowners | $25,000 | Reduces taxable value of home |
| Over-65 or Disabled Person Homestead Exemption | Homeowners over 65 or with disabilities | Up to $10,000 | Reduces taxable value of home |
| Disabled Veteran Homestead Exemption | Disabled veterans with at least 10% disability | Up to $12,000 | Reduces taxable value of home |
| Optional Percentage Homestead Exemption | All homeowners | Up to 20% | Percentage of homestead value exempt from taxation |
| Scurry County Senior Tax Freeze | Homeowners over 65 who meet income requirements | Taxes frozen at current rate | Taxes will not increase as long as homeowner remains eligible |
| Home Improvement Exemption | All homeowners who make improvements to their homes | Up to $10,000 | Exemption for added value of improvements |
It is important to note that eligibility and amount may vary depending on individual circumstances, so it is recommended to consult with a local tax assessor's office for more information.
By taking advantage of these homestead exemptions and deductions, homeowners in Scurry County can potentially reduce their property taxes and save money.
How is Scurry County Property Tax penalty calculated ?
Scurry County calculates property tax penalties based on a percentage of the unpaid taxes. The penalty rate is set by the Texas Tax Code and varies depending on the amount of time the tax remains unpaid. Here is an example to help illustrate how the penalty is calculated:
Suppose a property owner in Scurry County owes $2,500 in property taxes for the year 2020. The taxes were due on January 31, 2021, but the owner failed to make the payment on time. As a result, the property owner will incur penalties as follows:
| Time Elapsed | Penalty Rate |
|---|---|
| Feb-April | 6% |
| May-June | 7% |
| July-August | 8% |
| Sept-Oct | 9% |
| November | 10% |
| December | 12% |
Assuming the owner pays the entire $2,500 owed on December 15, 2021, the penalty calculation would look like this:
| Period | Penalty Rate | Penalty Amount |
|---|---|---|
| Feb-April 6% | $150 | $150 |
| May-June 7% | $175 | $175 |
| July-August 8% | $200 | $200 |
| Sept-Oct 9% | $225 | $225 |
| November 10% | $250 | $250 |
| December 12% | $300 | $300 |
| Total Penalty | - | $1,300 |
| Total Amount Due | - | $3,800 |
Therefore, the total amount due would be $3,800 ($2,500 plus the $1,300 penalty). It is important to pay property taxes on time to avoid incurring penalties. Property owners in Scurry County can contact the local tax office for more information on property tax penalties and payment options.
We recommend contacting the Scurry County Tax Office or a local tax professional for the most up-to-date and accurate information.