Example of Somerset County Property Tax Calculation
Property taxes in Somerset County are calculated based on the assessed value of the property. To calculate the property tax, the local government multiplies the assessed value by the tax rate.
For example, if a property in Somerset County is assessed at $100,000 and the tax rate is 2%, the property tax would be $2,000.
The tax rate may vary depending on the location and type of property. Property owners can check their tax rate and assessed value by contacting the Somerset County tax assessor's office or visiting their website.
It is important to note that property taxes are used to fund local government services such as schools, public safety, and infrastructure. Therefore, paying property taxes on time is essential to maintain the quality of life in Somerset County.
If you want appeal your property tax assessment - contact your local tax assessor.
Somerset County Property Tax Rates
Here is a formatted table listing Somerset County Property Tax rates per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.704 |
| Municipal Tax | Varies by municipality |
| School Tax | Varies by school district |
| Fire District Tax | Varies by fire district |
It's important to note that the municipal, school, and fire district taxes vary depending on the specific location within Somerset County. Taxpayers should consult their local tax authority for more information on their exact rates.
Who sets property tax rates in Somerset County ?
In Somerset County, property tax rates are set by the Somerset County Board of Commissioners on an annual basis. This board is made up of elected officials who are responsible for making decisions related to county government and finances. The property tax rate is typically set during a public meeting or hearing, and is based on a number of factors, including the county's budget needs and the assessed value of properties within the county. Property owners in Somerset County should keep an eye out for notices of these meetings so that they can stay informed about any changes to the property tax rate.
Homestead exemptions in Somerset County ?
To help residents of Somerset County, Pennsylvania, better understand their Homestead exemptions and deductions, we've compiled a table with four columns: exemption, eligibility, amount, and notes. Here are the details for each:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| County | Current resident and primary residence in Somerset County | Up to $3,000 | Applied to the assessed value of the property |
| School | Current resident and primary residence in Somerset County | Up to $5,000 | Applied to the assessed value of the property |
| Over 65 | Current resident and primary residence in Somerset County | Up to $10,000 | Available to homeowners who are at least 65 years old or who have a permanent disability and earn less than $35,000 annually. |
| Widows/Widowers | Current resident and primary residence in Somerset County | Up to $10,000 | Available to widows/widowers who are at least 50 years old and whose deceased spouse qualified for the Homestead exemption. |
| Disabled | Current resident and primary residence in Somerset County | Up to $10,000 | Available to homeowners with a permanent disability and who earn less than $35,000 annually. |
| Veterans | Current resident and veteran who served in the armed forces | Up to $100,000 (based on %) | Available to veterans who are totally disabled, prisoners of war, or who have certain service-related injuries or disabilities. |
| Blind | Current resident and primary residence in Somerset County | Up to $10,000 | Available to homeowners who are blind and earn less than $35,000 annually. |
| Firefighters | Current resident and active member of a fire company in county | 100% of assessed value waived | Available to active firefighters who have been a member of a fire company in Somerset County for at least five years and live in the county. |
It's important to note that eligibility requirements and amounts may vary depending on individual circumstances. For more information, residents can contact the Somerset County Tax Assessment Office.
When is Somerset County Property Tax due ?
Somerset County Property Tax Due Date and Payment Methods
Property taxes in Somerset County are typically due on the first of February each year. However, due to the ongoing COVID-19 pandemic, the deadline for 2021 has been extended to May 17th, 2021. The county treasurer's office accepts payments in the following ways:
| Payment Method | Details |
|---|---|
| Online Payment | Payments can be made online using a credit/debit card or e-check at the Somerset County Treasurer's website |
| Mail-in Payment | Payments can be mailed to the Somerset County Treasurer's office at the address provided on the tax bill. |
| In-person Payment | Payments can be made in-person at the treasurer's office located at the County Administration Building. |
It's important to note that payments made after the due date will incur penalties and interest charges. Property owners who are unable to pay their taxes in full by the due date may be eligible for a payment plan. Property owners should contact the Somerset County Treasurer's office for more information on payment plans or other tax-related questions.
If you have more questions - contact your local tax collector.
How is Somerset County Property Tax penalty calculated ?
Somerset County Property Tax Penalty Calculation
When property taxes are not paid by the due date, a penalty is assessed by Somerset County. The penalty is calculated based on the amount of unpaid taxes and the number of days past due.
Here is an example of the penalty calculation:
Suppose a property owner owes $10,000 in property taxes and fails to pay by the due date of June 1. The penalty is calculated as follows:
- 7% penalty is charged for the first $1,500 of unpaid taxes, which in this case is $105 (7% of $1,500).
- An additional 2% penalty is added for any unpaid balance between $1,501 and $10,000, which in this case is $170 (2% of $8,500).
- The total penalty for this property owner would be $275.
The penalty continues to increase as time passes and the taxes remain unpaid. Interest may also be charged on the unpaid balance.
To avoid penalties and interest, it is important to pay property taxes on time. Property owners can inquire about payment options or set up a payment plan with Somerset County to make timely payments.
We recommend contacting the Somerset County Tax Office or a local tax professional for the most up-to-date and accurate information.