Example of Sullivan County Property Tax Calculation
Sullivan County Property Tax calculation is based on the assessed value of the property. The assessed value is determined by the local assessor's office and is calculated as a percentage of the market value of the property. The tax rate is then applied to the assessed value to determine the annual property tax.
For example, if a property in Sullivan County has an assessed value of $100,000 and the tax rate is 2%, the annual property tax would be $2,000.
It's important to note that property tax rates can vary depending on the location and type of property. Additionally, there may be exemptions or deductions available for certain types of properties or for certain individuals, such as veterans or seniors.
If you want appeal your property tax assessment - contact your local tax assessor.
Sullivan County Property Tax Rates
The Sullivan County Property Tax rates are as follows:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.77 |
| School Tax | $2.86 |
| Town Tax | Varies by town |
| Village Tax | Varies by village |
Please note that the Town and Village Tax rates vary depending on which specific town or village the property is located in. It is important to consult with a local tax advisor for accurate and personalized information.
Who sets property tax rates in Sullivan County ?
Who sets property tax rates in Sullivan County?
The Sullivan County Legislature is responsible for setting property tax rates in Sullivan County. The Legislature is composed of 9 members who are elected by voters from different districts in the county.
When are property tax rates set in Sullivan County?
Property tax rates are set annually by the Sullivan County Legislature during their budget process, which typically occurs in the fall. The Legislature reviews the county's budget and determines the tax rate necessary to fund county services and programs for the upcoming year.
It is important to note that property tax rates may also be influenced by other factors, such as changes in property values, state or federal mandates, and local economic conditions.
Homestead exemptions in Sullivan County ?
To help homeowners in Sullivan County, New York understand the different Homestead exemptions and deductions available, the following table provides a breakdown of the relevant information:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic | All homeowners | Varies based on assessed value | Reduces taxable value of property up to $30,000 |
| Enhanced STAR | Homeowners over 65 years old or with qualifying disabilities | Varies based on income and assessed value | Provides an additional reduction in taxable value up to $70,700 |
| Senior Citizens Exemption | Homeowners over 65 years old with annual income under $37,400 | Varies based on income and assessed value | Reduces taxable value up to 50% for those with annual income under $29,000 |
| Veterans Exemption | Veterans and wartime veterans | Varies based on service and disability status | Provides a reduction in taxable value up to $30,000 |
| Agricultural District Exemption | Agricultural landowners | Varies based on acreage and production | Provides a reduction in taxable value up to 50% for qualifying agricultural lands |
It's important to note that these exemptions and deductions are specific to Sullivan County and may vary in other areas. Homeowners should consult with their local assessor's office for more information on eligibility and application requirements.
By taking advantage of these Homestead exemptions and deductions, homeowners in Sullivan County can potentially save thousands of dollars on their property taxes each year.
When is Sullivan County Property Tax due ?
Sullivan County Property Tax is typically due by January 31st of each year. This deadline is set by the Sullivan County Treasurer's Office and is applicable to all property owners in the county.
To make a payment, there are several options available to property owners. These include:
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In-person payments: Property owners can visit the Sullivan County Treasurer's Office in person to make a payment via cash, check, or money order.
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Mail-in payments: Property owners can also mail in their payments to the Sullivan County Treasurer's Office. Payments must be postmarked by January 31st to avoid penalties.
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Online payments: Property owners can make their payments online through the Sullivan County Treasurer's website. This option allows for payments to be made using a credit card or e-check.
It is important to note that failure to make a timely payment can result in penalties and interest being added to the tax bill. Therefore, it is recommended that property owners make their payments before the January 31st deadline to avoid these additional fees.
If you have more questions - contact your local tax collector.
How is Sullivan County Property Tax penalty calculated ?
Sullivan County, located in the state of New York, has specific rules for calculating property tax penalties. Here's how it works:
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Due Date: Property taxes in Sullivan County are generally due on January 31 of each year.
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Penalty Date: If the property taxes are not paid by the due date, penalty kicks in. The penalty date for Sullivan County Property tax is February 1st.
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Penalty Calculation: The penalty calculation is based on the amount of taxes owed. The penalty is calculated as a percentage of the taxes due. The rate is fixed at 1% per month or fraction of a month that the payment is late. This means that the penalty is 1% for the first month, 2% for the second month and so on, until the tax is fully paid or until it goes to enforcement. There is a maximum penalty of 12% per year.
Here's a quick example:
Bob owns a property in Sullivan County and his total property tax bill for the year is $10,000. The due date for his tax payment is January 31.
However, Bob missed the due date and didn't pay his taxes until May 15. So, he would owe a penalty of 4% (1% for February, 1% for March, 1% for April, and 1% for May) on his total tax bill, which would be an additional $400.
It's important to note that the penalty is in addition to the taxes owed and is assessed monthly, so it's in the best interest of property owners to pay their taxes on time to avoid penalties.
We recommend contacting the Sullivan County Tax Office or a local tax professional for the most up-to-date and accurate information.