Example of Summers County Property Tax Calculation
In Summers County, the property tax calculation is determined based on the assessed value of the property. The county tax assessor assesses the value of the property, and then multiplies that value by the tax rate for the area, which is set by the local government. The resulting number is the amount of property tax that is due for the year.
For example, if a property in Summers County has an assessed value of $100,000 and the tax rate is 2%, the property tax due for the year would be $2,000. It's important to note that property taxes in Summers County are paid annually and are typically due in two installments.
In addition to the county tax, property owners in Summers County may also be subject to additional taxes imposed by the state and local governments. These taxes may include school taxes, municipal taxes, and special district taxes.
Overall, the property tax calculation in Summers County is based on the assessed value of the property and the tax rate set by the local government.
If you want appeal your property tax assessment - contact your local tax assessor.
Summers County Property Tax Rates
The following table lists the current Summers County Property Tax rates per $100 of assessed value:
| Tax | Rate per $100 of assessed value |
|---|---|
| General Fund | $0.62 |
| School District | $1.16 |
| Fire District | $0.10 |
| Library District | $0.08 |
| Total | $1.96 |
It's important to note that these rates are subject to change based on the local government's budget needs and decisions. Property owners in Summers County should consult with a qualified tax professional for specific information regarding their individual tax obligations.
Who sets property tax rates in Summers County ?
Who sets property tax rates in Summers County?
The Summers County Commission sets property tax rates in Summers County.
When are property tax rates set in Summers County?
Property tax rates are set annually by the Summers County Commission in June. The rates are based on the county's budget needs for the upcoming fiscal year.
Here is a table summarizing the information:
| Who sets property tax rates? | When are property tax rates set? | |
|---|---|---|
| Summers County | Summers County Commission | Annually in June |
It is important to note that property tax rates may also be influenced by state laws and regulations, and may vary depending on the type of property and its location within the county. It is recommended that individuals consult with a local tax professional for specific information regarding property taxes in Summers County.
Homestead exemptions in Summers County ?
In Summers County, West Virginia, homeowners may be eligible for a variety of Homestead exemptions and deductions. Here is a breakdown of the available options:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Personal Property | All homeowners | $20,000 | Covers tangible personal property |
| Homestead | All homeowners | $20,000 | Protects primary residence |
| Homestead for Persons Over 65 | Homeowners over 65 | $50,000 | Protects primary residence |
| Farm Equipment | Farmers | Varies | Covers farm equipment |
| Disability | Homeowners with disabilities | Varies | Based on disability level |
| Veterans | Veterans or their surviving spouse | $20,000 | Must have served in armed forces |
| Widows | Widows or widowers | $20,000 | Must have lived with deceased spouse |
It's important to note that these exemptions and deductions may have specific eligibility criteria and application requirements. Homeowners in Summers County should contact their local tax assessor's office or visit their website for more information.
When is Summers County Property Tax due ?
Summers County Property Tax typically due on September 1st each year. Below are the payment methods available:
| Payment Method | Description |
|---|---|
| Property owners can mail their payment to the county tax office. The envelope must be postmarked on or before the due date. | |
| Online | Payments can be made online through the county tax office's website. |
| In Person | Payments can be made in person at the county tax office during regular business hours. |
| Drop Box | Property owners can drop off their payment in a secure drop box located outside of the county tax office. |
It is important to note that if the due date falls on a weekend or holiday, the deadline is extended to the next business day. Failure to pay on time may result in penalties and interest charges. Property owners should contact the county tax office if they have any questions or concerns about paying their property tax.
If you have more questions - contact your local tax collector.
How is Summers County Property Tax penalty calculated ?
Summers County Property Tax Penalty Calculation
Property taxes are a significant source of revenue for local governments. In Summers County, West Virginia, property taxes are due on or before September 1st of each year. Failure to pay property taxes on time will result in a penalty being assessed.
The penalty for late payment of property taxes in Summers County is calculated as follows:
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The base penalty is 1% of the unpaid taxes for the first month and an additional 1% for each month thereafter until the taxes are paid.
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In addition to the base penalty, a daily interest rate of 0.67% is applied to the unpaid taxes.
Here is an example of how the penalty is calculated:
John owns a property in Summers County with a total assessed value of $200,000. His property taxes for the year are $2,000. John fails to pay his property taxes by the September 1st deadline.
On October 1st, John's $2,000 tax bill is now considered late. His base penalty for the first month is 1% of $2,000, or $20. Additionally, the daily interest rate of 0.67% is applied to the unpaid taxes, resulting in a daily interest charge of $0.45.
Assuming John pays his property taxes by November 1st, his total penalty and interest charges would be:
Base penalty for October: $20 Daily interest for October (31 days @ $0.45/day): $13.95 Base penalty for November: $20 Total penalty and interest: $53.95
It's essential to pay property taxes on time to avoid penalties and interest charges. Property owners in Summers County can pay their taxes online, in-person, or by mail. It's also recommended to contact the county tax office for any questions or concerns about property taxes.
We recommend contacting the Summers County Tax Office or a local tax professional for the most up-to-date and accurate information.