Example of Stephens County Property Tax Calculation
Stephens County Property Tax is calculated by taking the assessed value of a property and multiplying it by the current tax rate. For example, if a property in Stephens County has an assessed value of $100,000 and the current tax rate is 1%, the property owner would owe $1,000 in property taxes. The assessed value is determined by the county tax assessor's office and is based on factors such as the size, location, and condition of the property. The tax rate is set by the county commissioners and can vary depending on the budgetary needs of the county. It is important for property owners in Stephens County to stay up-to-date on their property taxes to avoid any penalties or fines.
If you want appeal your property tax assessment - contact your local tax assessor.
Stephens County Property Tax Rates
The following table displays the Stephens County Property Tax rates per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.6071 |
| City | $0.5850 |
| School | $1.2854 |
| Hospital | $0.2591 |
| Total | $2.7366 |
These rates are subject to change and may vary based on the specific property location and classification. It is important for property owners to stay informed of any updates or changes to their local tax rates.
Who sets property tax rates in Stephens County ?
In Stephens County, property tax rates are set by the Board of County Commissioners. They typically meet once a year to determine the rates for the upcoming year, considering factors such as the county's budget needs and property values. The rates are then published and distributed to property owners in the county. It is important for property owners to stay informed about these rates and how they may impact their taxes. Below is a table outlining the current property tax rates in Stephens County:
| Property Type | Tax Rate |
|---|---|
| Residential | 1.32% |
| Commercial | 2.45% |
| Agricultural | 0.90% |
| Personal | 1.75% |
It is worth noting that these rates may vary slightly from year to year and may be subject to change based on various factors. Property owners should consult with a tax advisor or the county tax assessor's office for the most up-to-date information on property tax rates in Stephens County.
Homestead exemptions in Stephens County ?
To help homeowners in Stephens County, Texas take advantage of all the available Homestead exemptions and deductions, a table has been compiled below. These exemptions and deductions are specific to the county and can help reduce property taxes.
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners who use their home as their primary residence | Up to 20% of the home's assessed value, up to $25,000 | Must apply with the county appraisal district |
| Over 65 Exemption | Homeowners age 65 or older | Up to $10,000 | Must apply with the county appraisal district |
| Disability Exemption | Homeowners with a disability | Up to $10,000 | Must apply with the county appraisal district |
| Surviving Spouse Exemption | Surviving spouse of a veteran who died in service | Up to $10,000 | Must apply with the county appraisal district |
| Disabled Veterans Exemption | Veterans with a service-connected disability | Up to the full value of the homestead | Must apply with the Texas Veterans Commission |
It's important to note that homeowners must apply for these exemptions and deductions with the appropriate agency. Additionally, some may require proof of eligibility, such as a doctor's note or military service documentation. By taking advantage of these exemptions and deductions, homeowners in Stephens County can reduce their property tax burden and save money.
When is Stephens County Property Tax due ?
Stephens County Property Tax typically has two payment deadlines: December 31st for the first installment and April 30th for the second installment. Here are the commonly accepted payment methods for Stephens County Property Tax:
| Payment Method | Description |
|---|---|
| Cash | Accepted at the Treasurer's Office, located at the Stephens County Courthouse. |
| Check | Payable to "Stephens County Treasurer" and can be mailed or dropped off at the Treasurer's Office. |
| Credit Card | Accepted online through Point & Pay or in person at the Treasurer's Office with an additional convenience fee. |
| E-Check | Accepted online through Point & Pay with a convenience fee. |
It is important to note that if you choose to mail in your payment, it must be postmarked on or before the due date to avoid any late fees. Additionally, if you have any questions about your property tax payment, you should contact the Stephens County Treasurer's Office.
If you have more questions - contact your local tax collector.
How is Stephens County Property Tax penalty calculated ?
Stephens County Property Tax Penalty Calculation
Property owners in Stephens County are required to pay their property taxes on time to avoid any penalties. The penalty for late payment is calculated based on the amount of the delinquent taxes owed. Here is an example of how the penalty is calculated:
- A property owner owes $5,000 in property taxes for the year 2020.
- The due date for payment is January 31, 2021.
- If the property owner fails to pay by the due date, a penalty of 1% per month will be added to the unpaid balance.
- The first month's penalty would be 1% of $5,000, which is $50.
- If the property owner still hasn't paid by March 1, 2021, the penalty would increase to 2% per month, or $100.
The penalty continues to increase each month until the taxes are paid in full. It's important for property owners to pay their property taxes on time to avoid accumulating larger penalties.
Here is a table summarizing the penalty rates:
| Month | Penalty Rate |
|---|---|
| 1 | 1% |
| 2 | 2% |
| 3 | 3% |
| 4 | 4% |
| 5 | 5% |
| 6 | 6% |
| 7 | 7% |
| 8 | 8% |
| 9 | 9% |
| 10+ | 10% |
In summary, property owners in Stephens County need to pay their taxes on time to avoid penalties. The penalty is calculated based on the amount of taxes owed and increases each month until the taxes are paid in full. Property owners should refer to their tax bills or contact the county treasurer's office for more information on their specific penalties.
We recommend contacting the Stephens County Tax Office or a local tax professional for the most up-to-date and accurate information.