St. Francis County Property Tax Rates
The St. Francis County Property Tax rates are listed below in a formatted table:
Tax | Rate per $100 of Assessed Value |
---|---|
County General | $0.743 |
County Road | $0.185 |
County Hospital | $0.140 |
County Jail | $0.060 |
School District | $3.320 |
Municipalities | Varies by location |
Note that the rates for municipalities vary depending on the specific location within St. Francis County. As a tax advisor, it is important to keep these rates in mind when advising clients who own property in this area.
Example of St. Francis County Property Tax Calculation
St. Francis County Property Tax is calculated based on the value of the property that an individual owns. To calculate the property tax, the county first assesses the value of the property. The assessed value of the property is then multiplied by the millage rate in that area to determine the property tax amount.
For example, if a 10-year-old individual owns a property in St. Francis County with an assessed value of $100,000 and the millage rate in that area is 25 mills, the property tax would be calculated as follows:
Property Tax = Assessed Value x Millage Rate Property Tax = $100,000 x 0.025 Property Tax = $2,500
Therefore, the property tax for the individual's property in St. Francis County would be $2,500 per year. It is important to note that property tax rates may vary depending on the specific location and the current millage rate in that area.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in St. Francis County ?
In St. Francis County, property tax rates are set by the County Assessor's Office. This office is responsible for assessing the value of all real property in the county and determining the appropriate tax rate based on that value. The property tax rates are reviewed and approved by the St. Francis County Board of Supervisors annually, typically in the fall. Once the tax rates are set, property owners in the county receive a tax bill reflecting the amount of tax owed based on the assessed value of their property. It is important for property owners in St. Francis County to stay informed about changes in the tax rates and to pay their property taxes on time to avoid penalties and interest charges.
When is St. Francis County Property Tax due ?
St. Francis County Property Tax Due Date
Property tax in St. Francis County is due on October 15th of each year. Failure to pay by this date will result in penalties and interest being added to the amount owed.
Payment Methods
There are several methods available for making property tax payments in St. Francis County, including:
- In-person: Payments can be made in person at the County Collector's Office, located at 313 S Izard St, Forrest City, AR 72335.
- By mail: Payments can be mailed to the same address mentioned above.
- Online: Payments can be made online through the county's website using a credit or debit card, or e-check.
It's important to note that there may be additional fees associated with online payments.
For any questions regarding St. Francis County property tax, residents can contact the County Collector's Office at (870) 261-1794.
If you have more questions - contact your local tax collector.
Homestead exemptions in St. Francis County ?
To help homeowners in St. Francis County, Arkansas, understand the Homestead exemptions and deductions available to them, we have compiled a comprehensive list. Below is a table detailing the different options and their specifics:
Exemption | Eligibility | Amount | Notes |
---|---|---|---|
General Homestead Exemption | Owner-occupied primary residence | Up to $350 | Must file with county assessor by May 31st |
Senior Citizen Homestead Exemption | Owner-occupied primary residence; age 65 or older | $500 off assessed value | Must file with county assessor by May 31st |
Disability Homestead Exemption | Owner-occupied primary residence; proof of disability | $500 off assessed value | Must file with county assessor by May 31st |
Veterans Homestead Exemption | Owner-occupied primary residence; honorably discharged veteran or spouse of deceased veteran | Up to $1,000 off assessed value | Must provide proof of eligibility to county assessor |
Homestead Credit | Owner-occupied primary residence; income limit of $4,500 | Up to $375 | Must file with county assessor by May 31st |
Personal Property Exemption | Owner of personal property | Up to $350 | Must file with county assessor by May 31st |
It is important to note that these exemptions are specific to St. Francis County, Arkansas. Homeowners should consult with their county assessor to determine their eligibility and ensure proper filing procedures. By taking advantage of these exemptions and deductions, homeowners in St. Francis County may be able to reduce their property taxes and save money.
How is St. Francis County Property Tax penalty calculated ?
St. Francis County Property Tax Penalty Calculation
In St. Francis County, Arkansas, property owners are required to pay their property taxes in a timely manner. Failure to do so will result in penalties being applied to the amount owed. The penalty calculation for St. Francis County property taxes is based on a percentage of the unpaid tax amount and the number of days past the due date.
The penalty rate for delinquent property taxes in St. Francis County is 10% of the unpaid tax amount. In addition to the penalty, interest is charged at a rate of 10% per annum on the unpaid balance.
For example, if a property owner owes $1,000 in property taxes and fails to pay by the due date, the following penalty and interest charges would apply:
Days Late | Penalty | Interest |
---|---|---|
30 | $100 | $8.22 |
60 | $200 | $16.44 |
90 | $300 | $24.66 |
As shown in the table, the penalty for being 30 days late on a $1,000 property tax payment would be $100, in addition to $8.22 in interest charges. The penalty and interest charges increase for each 30-day period the payment is late.
It is important for property owners in St. Francis County to pay their property taxes on time to avoid penalties and interest charges. If you have any questions about your property tax payment, contact the St. Francis County Tax Collector's office.
We recommend contacting the St. Francis County Tax Office or a local tax professional for the most up-to-date and accurate information.