Example of Sumner County Property Tax Calculation
In Sumner County, property taxes are calculated based on the value of the property. For example, if a property is valued at $100,000, the property tax rate in Sumner County is 2.75%, and there are no exemptions or adjustments, the property tax would be calculated as follows:
$100,000 (property value) x 0.0275 (tax rate) = $2,750 (total property tax)
It's important to note that property tax rates and exemptions can vary by location and circumstance, so it's always a good idea to check with the local government for accurate and up-to-date information.
If you want appeal your property tax assessment - contact your local tax assessor.
Sumner County Property Tax Rates
The Sumner County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $2.50 |
| Education | $2.09 |
| General | $0.15 |
| Highway | $0.37 |
| Debt | $0.41 |
| Total | $5.52 |
It is important to note that these rates are subject to change and residents should consult with their local tax assessor's office for the most current information.
Who sets property tax rates in Sumner County ?
In Sumner County, property tax rates are set by the Sumner County Board of Commissioners. This typically occurs during the budget process, which takes place annually. The Board of Commissioners is responsible for determining the budget for the county, which includes setting property tax rates for the upcoming fiscal year. The property tax rates are used to fund various county services, such as schools, roads, and emergency services. The actual rates are determined based on a variety of factors, including the assessed value of the property, the tax base, and the needs of the county. It is important for property owners in Sumner County to be aware of these rates, as they will affect the amount of property tax that they will be required to pay each year.
Homestead exemptions in Sumner County ?
Sumner County in Tennessee offers various Homestead exemptions and deductions that could help reduce property taxes for eligible residents. Below is a table that lists the different county-specific exemptions along with the eligibility criteria, exemption amount, and any additional notes to keep in mind.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Any homeowner who occupies their property as their primary residence | $25,000 | The exemption is automatically applied to eligible properties |
| Elderly and Disabled Homeowners Property Tax Relief | Homeowners who are at least 65 years old or have a total and permanent disability | Up to $39,000 | The exemption amount is based on income and home value |
| Disabled Veteran Property Tax Relief | Disabled veterans with a service-connected disability rating of at least 30% | Up to $175,000 | The exemption amount is based on the percentage of disability |
| Surviving Spouse of Armed Forces Member Killed in Action | Spouses of military members who were killed in action | Full exemption | The exemption is available for the tax year in which the spouse qualifies and the subsequent years |
| Agricultural, Forest and Open Space Land | Property owners who use their land for agricultural, forestry or open space purposes | Varies | The exemption amount is based on the acreage of the property and its use |
Keep in mind that eligibility requirements and exemption amounts are subject to change, so it's important to check with the Sumner County Property Assessor's office for the most up-to-date information.
By taking advantage of these exemptions and deductions, eligible homeowners in Sumner County can potentially reduce their property tax bill and save money.
When is Sumner County Property Tax due ?
Sumner County Property Tax is typically due on February 28th of each year. However, if February 28th falls on a weekend or holiday, the due date is extended to the next business day. It's important to note that failure to pay property taxes on time can result in penalties and interest charges.
To make a payment, there are several methods available. The most popular method is online payment, which can be done via the Sumner County website. Other options include:
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Mail: property owners can send a check or money order to the Sumner County Trustee's office, along with their property ID number and payment stub.
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In-person: payments can be made in-person at the Sumner County Trustee's office. Cash, check, and credit/debit card payments are accepted.
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Automatic bank draft: property owners can set up automatic payments through their bank. This will ensure that their property taxes are always paid on time.
Overall, there are several options available for property owners to make payments and ensure that their property taxes are taken care of in a timely manner.
If you have more questions - contact your local tax collector.
How is Sumner County Property Tax penalty calculated ?
Sumner County Property Tax Penalty Calculation
Property tax penalties are added to the taxpayer's bill when they fail to pay their taxes on time. Sumner County, located in Tennessee, calculates property tax penalties using a formula that involves the amount of unpaid taxes, the length of time the taxes have been unpaid, and the interest rate.
Here's an example:
John owns a property in Sumner County and owes $10,000 in property taxes for the year. The due date for payment is February 28th. John fails to make payment and misses the deadline. On March 1st, a 1.5% penalty ($150) is added to the original tax amount. If John still does not pay, an additional 1.5% penalty is added on the first day of each following month until the taxes are paid in full.
The following table shows Sumner County's property tax penalty rates:
| Penalty Date | Penalty Rate |
|---|---|
| March 1st | 1.5% of unpaid taxes |
| April 1st | 3% of unpaid taxes |
| May 1st | 4.5% of unpaid taxes |
| June 1st | 6% of unpaid taxes |
| July 1st | 7.5% of unpaid taxes |
| August 1st | 9% of unpaid taxes |
| September 1st | 10.5% of unpaid taxes |
| October 1st | 12% of unpaid taxes |
Additionally, interest accrues on the unpaid tax amount at a rate of 1.5% per month or 18% annually.
In conclusion, Sumner County's property tax penalty is calculated using a tiered formula based on the length of time the taxes have been overdue, and the interest rate accrues at 1.5% per month. Therefore, it is recommended to pay your property taxes on time to avoid any additional penalties and interest charges.
We recommend contacting the Sumner County Tax Office or a local tax professional for the most up-to-date and accurate information.