Example of St. Mary Parish Property Tax Calculation
St. Mary Parish calculates property taxes based on the assessed value of the property. For example, let's say a home in St. Mary Parish has an assessed value of $150,000. The parish's property tax rate is 0.01, which means the homeowner will owe $1,500 in property taxes for the year.
To calculate the property tax for a specific property, the assessed value is multiplied by the tax rate. In this case, $150,000 x 0.01 = $1,500. The homeowner would need to pay $1,500 in property taxes annually.
It's important to note that property tax rates and assessed values can vary by parish and even by neighborhood within a parish. Homeowners should check with their local tax authority to determine their specific property tax obligation.
If you want appeal your property tax assessment - contact your local tax assessor.
St. Mary Parish Property Tax Rates
The St. Mary Parish Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General Alimony | $0.10 |
| General Parish | $0.07 |
| School District | $0.16 |
| Law Enforcement | $0.05 |
| Road District | $0.09 |
It is important for taxpayers in St. Mary Parish to be aware of these rates and their respective taxes in order to properly plan and budget for their property tax obligations.
Who sets property tax rates in St. Mary Parish ?
Who sets property tax rates in St. Mary Parish?
In St. Mary Parish, property tax rates are set by the Parish Council. The Council typically sets the tax rates during its annual budgeting process, which usually happens in the fall. Property tax rates are based on the assessed value of the property and are used to fund a variety of local government services, such as schools, roads, and public safety. It's important to note that property tax rates can vary depending on the location of the property within the parish, as well as changes in local government spending priorities. If you have questions or concerns about your property tax rate, it's recommended that you reach out to the Parish Council or a local tax advisor for guidance.
Homestead exemptions in St. Mary Parish ?
To ensure that homeowners in St. Mary Parish in Louisiana are aware of all their homestead exemptions and deductions, we have compiled a table outlining the various options available to them. This table includes the exemption name, eligibility criteria, the amount of savings, and any important notes or considerations.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | All homeowners | Up to $75,000 of assessed value | Reduces the amount of property taxes owed |
| Special Assessment Level Freeze | Homeowners aged 65 or older, or those with disabilities | Freezes assessed value of property at current level | Does not reduce taxes owed, but prevents them from increasing |
| Veterans Exemption | Veterans or spouses of veterans | Up to $7,500 of assessed value | Must provide proof of military service or eligibility |
| Disabled Veterans Exemption | Veterans with disability rating of 50% or more | Up to $150,000 of assessed value | Must provide proof of military service and disability rating |
| Homestead Deduction for Senior Citizens | Homeowners aged 65 or older | $7,500 of assessed value | Reduces property taxes owed |
| Homestead Deduction for Disabled Citizens | Homeowners with disabilities | $7,500 of assessed value | Reduces property taxes owed |
It is important to note that eligibility criteria and amounts may vary by county and are subject to change. Homeowners in St. Mary Parish are encouraged to consult with their local tax assessor's office for the most up-to-date information and to determine which exemptions and deductions they are eligible for.
When is St. Mary Parish Property Tax due ?
St. Mary Parish Property Tax Due Date and Payment Methods
Property taxes in St. Mary Parish are typically due on December 31st every year. However, taxpayers have the option to pay their taxes in installments. The first installment is due on February 1st, while the second installment is due on August 1st.
Here are the payment methods that taxpayers can use to pay their property taxes in St. Mary Parish:
| Payment Method | Description |
|---|---|
| Online | Taxpayers can pay their property taxes online using a credit card, debit card, or e-check at the official website of the St. Mary Parish Tax Assessor's Office. |
| Taxpayers can mail their property tax payment to the St. Mary Parish Tax Collector's Office. Payments should be made payable to the St. Mary Parish Tax Collector and sent to P.O. Box 389, Franklin, LA 70538. | |
| In-person | Taxpayers can pay their property taxes in person at the St. Mary Parish Tax Collector's Office located at 500 Main Street, Suite 104, Franklin, LA 70538. Payments can be made using cash, check, or money order. |
It is important for taxpayers to pay their property taxes on time to avoid penalties and interest charges. In case of any questions, taxpayers can contact the St. Mary Parish Tax Collector's Office at (337) 828-4100.
If you have more questions - contact your local tax collector.
How is St. Mary Parish Property Tax penalty calculated ?
St. Mary Parish Property Tax Penalty Calculation
When it comes to property taxes, it is important to understand how penalties are calculated, especially for those who own property in St. Mary Parish. Here are the steps used to calculate the penalty for late payment of St. Mary Parish property taxes:
-
Identify the tax year of the delinquent taxes.
-
Determine the number of whole months that have elapsed since the property taxes were due. For example:
- Tax Year: 2020
- Due Date: December 31, 2020
- Date Paid: March 31, 2021
- Number of Months Late: 3
-
Multiply the amount of the delinquent taxes by the current penalty rate. As of 2021, the penalty rate is 1% per month, with a maximum penalty of 10%. For example:
- Delinquent Tax Amount: $2,000.00
- Penalty Rate: 1% per month
- Number of Months Late: 3
- Penalty Amount: $60.00 (3 months x 1% x $2,000.00)
-
Add the penalty amount to the delinquent tax amount to get the total amount due. For example:
- Delinquent Tax Amount: $2,000.00
- Penalty Amount: $60.00
- Total Amount Due: $2,060.00
In summary, St. Mary Parish property tax penalties are calculated by multiplying the delinquent tax amount by the penalty rate (1% per month) for the number of months late, with a maximum penalty of 10%. The penalty amount is added to the delinquent tax amount to determine the total amount due. It is recommended to pay property taxes on time to avoid penalties and ensure compliance with local regulations.
We recommend contacting the St. Mary Parish Tax Office or a local tax professional for the most up-to-date and accurate information.