Example of Shenandoah County Property Tax Calculation
Shenandoah County calculates property tax based on the assessed value of a property. The assessed value is determined by the county assessor's office and is typically a percentage of the property's market value. For example, if a property's market value is $200,000 and the assessment rate is 80%, then the assessed value would be $160,000.
Once the assessed value is determined, the county applies the tax rate to that value to calculate the property tax owed. The tax rate for Shenandoah County is currently $0.60 per $100 of assessed value. Using the previous example of an assessed value of $160,000, the property tax owed would be calculated as follows:
($160,000 / 100) * $0.60 = $960
Therefore, the property owner would owe $960 in property taxes for the year. It's important to note that property tax rates can vary by county and can also change from year to year, so property owners should check with their local assessor's office for the most up-to-date information.
If you want appeal your property tax assessment - contact your local tax assessor.
Shenandoah County Property Tax Rates
The table below lists the Shenandoah County property tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 of assessed value |
|---|---|
| Real Estate | $0.63 |
| Personal Property | $4.00 |
| Machinery and Tools | $2.50 |
| Mobile Homes | $0.63 |
It is important to note that these rates are subject to change and may vary based on individual circumstances. Taxpayers in Shenandoah County are encouraged to consult with a tax professional for specific information regarding their property tax obligations.
Who sets property tax rates in Shenandoah County ?
Property Tax Rates in Shenandoah County
The property tax rates in Shenandoah County are set by the Board of Supervisors. This board is composed of elected officials who represent the county's various districts. They review the county's budget and determine the tax rates necessary to fund the various services and programs provided by the county.
The tax rates are set annually and are typically reviewed during public meetings. The Board of Supervisors takes into consideration various factors when determining the tax rates, such as the county's financial needs, property values, and economic conditions.
Once the tax rates are set, property owners in Shenandoah County are required to pay a percentage of their property value as taxes. The exact percentage varies depending on the property's classification and the local tax rate.
It is important for property owners to stay informed about the tax rates in Shenandoah County and to understand how they are calculated. A tax advisor can provide guidance and assistance in navigating the county's tax system and ensuring that property owners are paying the appropriate taxes.
Homestead exemptions in Shenandoah County ?
To help Shenandoah County residents understand their Homestead exemptions and deductions, the following table lists all the county-specific information:
Homestead Exemptions and Deductions in Shenandoah County, Virginia
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Primary residence owner | Up to $20,000 | Applies to county, town, and school property taxes |
| Disabled Veterans Exemption | Veteran with 100% service-connected disability | Up to $10,000 | Applies to county, town, and school property taxes |
| Disabled Veterans Exemption | Veteran with 70% to 99% service-connected disability | Up to $7,500 | Applies to county, town, and school property taxes |
| Tax Relief for Elderly and Disabled | Age 65 or older, or permanently and totally disabled | Varies based on income and resources | Applies to county real estate taxes only |
| Land Use Program | Property used for agriculture, horticulture or forestry | Varies based on use | Reduces the assessment value of the land when calculating property taxes |
It's important to note that eligibility and amount may vary based on individual circumstances. Additionally, applications for these exemptions and deductions must be filed with the Shenandoah County Commissioner of the Revenue.
When is Shenandoah County Property Tax due ?
Shenandoah County Property Tax is typically due on December 5th of each year. Property owners are required to pay their property taxes by this deadline to avoid late fees and penalties.
There are several payment methods available for property owners to pay their taxes. These methods include:
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Online Payment: Property owners can make their property tax payments online using the county's official website. They can pay using their credit card, debit card, or e-check.
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Mail-in Payment: Property owners can also pay their taxes by mailing a check or money order to the Shenandoah County Treasurer's Office. The address for the office is:
Shenandoah County Treasurer's Office 600 N. Main St., Room 102 Woodstock, VA 22664
- In-person Payment: Property owners can pay their taxes in-person by visiting the Shenandoah County Treasurer's Office during business hours. The office is located at the address listed above.
It is important to note that if property owners do not pay their taxes by the deadline, they will be subject to late fees and penalties. These fees and penalties can add up quickly, so it is recommended that property owners pay their taxes on time to avoid any unnecessary expenses.
If you have more questions - contact your local tax collector.
How is Shenandoah County Property Tax penalty calculated ?
Shenandoah County calculates property tax penalties based on the amount of time the payment is overdue. Here's an example of how the penalty is calculated:
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If the property tax payment is not received by the due date, a penalty of 10% is added to the total amount owed.
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If the payment is still not received after 30 days, an additional 10% penalty is added to the total amount owed.
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After 60 days, another 10% penalty is added to the total amount owed.
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If the payment is still not received after 90 days, the property is subject to sale at a tax sale.
It's important to note that interest is also charged on late payments, at a rate of 10% per annum. To avoid penalties and interest, property owners should make sure to pay their property taxes on time.
Here is a breakdown of the penalty fees:
| Time Overdue | Penalty |
|---|---|
| Up to 30 days | 10% |
| 31-60 days | 20% |
| 61-90 days | 30% |
Overall, it's crucial for property owners to stay up-to-date on their property taxes to avoid any unnecessary penalties or fees.
We recommend contacting the Shenandoah County Tax Office or a local tax professional for the most up-to-date and accurate information.