Example of St. Francois County Property Tax Calculation
St. Francois County property tax is calculated based on the assessed value of the property. The assessed value is determined by the St. Francois County Assessor's Office and is equal to the fair market value of the property. Once the assessed value is determined, the tax rate is applied to calculate the amount of property tax owed.
For example, if a property in St. Francois County has an assessed value of $100,000 and the tax rate is 1%, the property owner would owe $1,000 in property taxes. This amount can be paid in full or in installments throughout the year.
It is important to note that property tax rates can vary by location and can be subject to change. Property owners should consult with the St. Francois County Assessor's Office or a qualified tax professional for the most up-to-date information on property tax rates and calculations.
If you want appeal your property tax assessment - contact your local tax assessor.
St. Francois County Property Tax Rates
The St. Francois County Property Tax rates for the year 2021 are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Revenue | $0.8497 |
| County Road and Bridge | $0.3500 |
| County Law Enforcement | $0.3500 |
| County Ambulance | $0.3000 |
| County Library | $0.4000 |
| County Health Department | $0.1000 |
| Central R-III School District Operating | $4.3635 |
| Mineral Area College District Operating | $0.3390 |
| Special School District Operating | $1.0750 |
Please note that these rates may vary depending on the specific property location and any additional taxes or levies that may apply. It is recommended to consult a local tax professional for personalized and up-to-date information.
Who sets property tax rates in St. Francois County ?
Who sets property tax rates in St. Francois County? The St. Francois County Commission is responsible for setting the property tax rates in the county. The Commission is made up of three elected officials who oversee various county departments and services.
When are property tax rates set in St. Francois County? The property tax rates in St. Francois County are set annually in August. This is done to ensure that the rates are in effect by the time tax bills are mailed out to property owners in November.
It is important for property owners to understand that the property tax rates are based on the value of the property being taxed. The St. Francois County Assessor's Office determines the value of each property in the county and provides that information to the Commission. The Commission then sets the tax rates based on the overall needs of the county and the amount of revenue required to fund county services and operations.
Overall, the property tax rates in St. Francois County are an important source of revenue that helps to fund essential county services such as law enforcement, public works, and education. Property owners should be aware of when the rates are set and how they are determined in order to better understand their tax obligations.
Homestead exemptions in St. Francois County ?
To provide a comprehensive resource for residents of St. Francois County in Missouri, the following table outlines all county-specific Homestead exemptions and deductions.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Owner-occupied primary residence | $5,000 assessed value | Must file application annually |
| Senior Citizens' Property Tax Credit | Age 65+ and income under $30,000 | Varies based on income | Must apply annually |
| Disabled Veterans Homestead Exemption | Honorably discharged veterans with 100% service-connected disability | Varies based on disability percentage | Must file application annually |
| Disabled Persons' Homestead Exemption | Permanent disability with limited income | $1,000 assessed value | Must file application annually |
| Surviving Spouse of Military or Emergency Personnel Homestead Exemption | Unremarried surviving spouse of military or emergency personnel killed in the line of duty | $5,000 assessed value | Must file application within two years of spouse's death |
Note that eligibility requirements and exemption amounts are subject to change. It is recommended to verify current information with the St. Francois County Assessor's office.
When is St. Francois County Property Tax due ?
St. Francois County Property Tax is typically due on December 31st of each year. Property owners in St. Francois County have several payment methods available to them, including:
| Payment Method | Description |
|---|---|
| In Person | Property owners can pay in person at the St. Francois County Collector's Office located in Farmington, MO. |
| By Mail | Property owners can also pay by mail by sending a check or money order to the Collector's Office before the due date. |
| Online | Property owners can pay online using a credit card or e-check through the St. Francois County Collector's website. |
It is important to note that if a property owner does not pay their taxes by the due date, penalties and interest will be added to the amount owed. Therefore, it is recommended that property owners make payment on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is St. Francois County Property Tax penalty calculated ?
St. Francois County Property Tax Penalty Calculation
Property tax is an important source of revenue for local governments in the United States. However, late payment of property taxes can result in penalties that can add up to a considerable amount over time. In St. Francois County, the penalty for late payment of property tax is calculated as follows:
- 2% penalty is added if the payment is made between September 1 and October 31.
- An additional 1% penalty per month is added for each month after October 31.
Example: John owns a property in St. Francois County with a total annual property tax of $1,000. John failed to pay his property tax by the due date of August 31. John made the payment on November 30. Here's how the penalty for late payment is calculated:
- 2% penalty is added for the first two months (September and October). This amounts to $20 ($1,000 x 2% x 2).
- An additional 1% penalty per month is added for the remaining two months (November and December). This amounts to $20 ($1,000 x 1% x 2).
Therefore, John's total penalty for late payment of property tax is $40 ($20 + $20). In addition to this penalty, John may also be subject to interest charges for late payment of property tax.
It's important to note that property taxes are due on August 31st of each year. To avoid penalties, it's recommended that property owners pay their taxes on time. Property taxes are used to fund local services such as schools, roads, and public safety. By paying property taxes on time, property owners contribute to their community's well-being.
We recommend contacting the St. Francois County Tax Office or a local tax professional for the most up-to-date and accurate information.