Example of Southampton County Property Tax Calculation
Southampton County calculates property taxes based on the assessed value of a property. To determine the assessed value, a county assessor will evaluate the property and consider factors such as its size, location, and condition. The assessed value is then multiplied by the county's tax rate to determine the annual property tax owed. For example, if the assessed value of a property in Southampton County is $100,000 and the tax rate is 1%, the property tax owed would be $1,000 per year. It's important to note that tax rates can vary depending on the specific area and type of property. Additionally, property owners may be eligible for exemptions or deductions that could lower their tax bill.
If you want appeal your property tax assessment - contact your local tax assessor.
Southampton County Property Tax Rates
The Southampton County Property Tax rates are presented below in a formatted table:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Real Estate | $0.88 |
| Personal Property | $3.70 |
| Machinery and Tools | $3.50 |
It should be noted that these rates are subject to change and individuals should consult with officials in the Southampton County government for the most up-to-date information.
Who sets property tax rates in Southampton County ?
Property tax rates in Southampton County are set by the Southampton County Board of Supervisors. This board is made up of elected officials who are responsible for overseeing the governance of the county. Property tax rates are typically set each year during a public meeting where the board discusses the county's budget and funding needs.
The exact timing of when property tax rates are set can vary from year to year but typically takes place in the early summer or fall. Property owners in Southampton County can expect to receive their tax bills in the mail shortly after the rates have been set.
It is important to note that property tax rates can vary depending on the specific location within Southampton County. For example, property tax rates in the county's incorporated towns may differ from those in unincorporated areas.
Overall, property tax rates are an important source of revenue for Southampton County and play a critical role in funding services such as public schools, law enforcement, and infrastructure maintenance.
Homestead exemptions in Southampton County ?
In Southampton County, Virginia, there are several Homestead exemptions and deductions available for eligible residents. Here is a breakdown of the specific exemptions and deductions, along with their eligibility requirements, exemption amounts, and important notes:
| Column | Description |
|---|---|
| Exemption | The type of exemption or deduction available |
| Eligibility | Who is eligible to claim the exemption or deduction |
| Amount | The maximum amount that can be claimed for the exemption |
| Notes | Important information to consider when claiming the exemption |
Homestead Exemptions and Deductions in Southampton County, Virginia
General Exemptions
General Homestead Exemption
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Available to all residents who own and occupy their primary residence in Southampton County | Up to $25,000 | Must apply by April 1st of each year |
Age and Disability Exemptions
Elderly or Disabled Exemption
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly or Disabled Exemption | Available to residents who are 65 years of age or older or totally and permanently disabled and own and occupy their primary residence in Southampton County | Up to $20,000 | Must apply by April 1st of each year |
Military Exemptions
Disabled Veterans Exemption
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Disabled Veterans Exemption | Available to veterans who have a service-connected disability of at least 80% and own and occupy their primary residence in Southampton County | Up to $100,000 | Must apply by April 1st of each year |
Surviving Spouses of Military Members Exemption
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Surviving Spouses of Military Members Exemption | Available to surviving spouses of military members who were killed in action and own and occupy their primary residence in Southampton County | Up to $100,000 | Must apply by April 1st of each year |
Other Exemptions
Land Use Assessment
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Land Use Assessment | Available to property owners who use their land for agricultural or horticultural purposes | Varies based on use | Must apply by October 31st of each year |
Religious and Charitable Organizations Exemption
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Religious and Charitable Organizations Exemption | Available to religious and charitable organizations that own property for religious or charitable purposes | Full exemption | Must apply by March 1st of each year |
It's important to note that each exemption and deduction has specific eligibility requirements and application deadlines. Be sure to review each exemption carefully and submit all necessary documents by the appropriate deadline to ensure that you receive the maximum benefit available.
When is Southampton County Property Tax due ?
Southampton County Property Tax is typically due on December 5th every year. Taxpayers in Southampton County have different options to pay their property taxes. The most common payment methods are:
| Payment Method | Availability | Details |
|---|---|---|
| Online Payment | Available | Taxpayers can pay their property tax online by visiting the Southampton County Treasurer's Office website. There is an additional fee for paying online. |
| In-person Payment | Available | Taxpayers can visit the Southampton County Treasurer's Office and pay their property tax in person using cash, check, or credit/debit card. |
| Mail-in Payment | Available | Taxpayers can send a check or money order payable to the Southampton County Treasurer to the address listed on their property tax bill. |
It is important for taxpayers to note that late payment of property taxes may result in additional fees and interest. If you have any questions or concerns regarding your Southampton County Property Tax payment, it is recommended to contact the Southampton County Treasurer's Office for assistance.
If you have more questions - contact your local tax collector.
How is Southampton County Property Tax penalty calculated ?
Southampton County in Virginia imposes a penalty on late payment of property taxes. The penalty is calculated based on a percentage of the unpaid tax amount and accrues every month until the tax is paid in full. Here's how the penalty is calculated:
Penalty Calculation Formula
Penalty = (Unpaid Tax Amount x Penalty Rate) x Number of Months Late
The penalty rate is set by the county and can vary from year to year. For example, if the penalty rate is 10%, and a property owner owes $2,000 in property taxes, but pays 2 months late, the penalty would be:
Penalty = ($2,000 x 10%) x 2 = $400
Therefore, the total amount due would be $2,400 ($2,000 + $400 penalty).
Payment Deadlines
In Southampton County, property taxes are due on December 5th of each year. If the taxes are not paid by that deadline, a penalty of 10% is added to the bill. If the taxes are still unpaid by February 5th of the following year, an additional penalty of 10% is added. After that, a penalty of 1% per month is added until the taxes are paid in full.
Conclusion
Property owners in Southampton County should make every effort to pay their property taxes on time to avoid incurring penalties. If they are unable to pay by the deadline, they should still pay as soon as possible to minimize the amount of penalties they have to pay.
We recommend contacting the Southampton County Tax Office or a local tax professional for the most up-to-date and accurate information.