Example of Sunflower County Property Tax Calculation
Sunflower County calculates property tax based on the assessed value of your property. The value of your property is determined by the county assessor. They evaluate the property based on its condition, location, and any improvements that have been made.
Once the assessed value is determined, the county applies a tax rate to calculate the property tax owed. For example, if the assessed value of a property is $100,000 and the tax rate is 1%, the property tax owed would be $1,000.
Sunflower County also offers homestead exemptions for eligible property owners. This exemption reduces the assessed value of your property by a certain amount, resulting in a lower property tax liability.
It is important to note that property taxes in Sunflower County are due annually and failure to pay can result in penalties and interest charges. Property owners should consult with the county assessor's office for more information on property tax assessment and payment.
If you want appeal your property tax assessment - contact your local tax assessor.
Sunflower County Property Tax Rates
Here is a formatted table of the Sunflower County Property Tax rates, with the tax and rate per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.86 |
| School District Tax | $1.90 |
| City Tax (Indianola) | $1.82 |
| City Tax (Moorhead) | $1.86 |
It is important for property owners to be aware of these rates in order to accurately budget for their property taxes.
Who sets property tax rates in Sunflower County ?
Property tax rates in Sunflower County, USA are set by the county Board of Supervisors. They generally meet annually to set the rates for the upcoming fiscal year. The property tax rates are calculated by taking the assessed value of the property and multiplying it by the tax rate. The assessed value of the property is determined by the local tax assessor's office. The property tax revenue is then used to fund various county services, such as schools, law enforcement, and infrastructure projects. The amount of property tax owed by a property owner is based on the assessed value of their property and the tax rate set by the Board of Supervisors. Property owners in Sunflower County should receive their tax bills in the mail each year.
Homestead exemptions in Sunflower County ?
To better understand the different Homestead exemptions and deductions available in Sunflower County, Mississippi, the following table has been created:
| Column | Description |
|---|---|
| Exemption | Refers to the reduction on the value of the property as determined by the local government. |
| Eligibility | Specific requirements and qualifications that homeowners need to meet in order to qualify for the exemption. |
| Amount | The actual amount of the exemption or deduction that homeowners can expect to receive. |
| Notes | Additional information or caveats that homeowners need to be aware of when applying for the exemption or deduction. |
In Sunflower County, Mississippi, the following Homestead exemptions and deductions are available:
- Regular Homestead Exemption
- Exemption: $7,500
- Eligibility: The homeowner must be a legal resident of Mississippi and have owned and occupied the property as their primary residence on January 1st of the year in which the exemption is claimed.
- Amount: A reduction of up to $7,500 on the assessed value of the property.
- Notes: There is a one-time application process. The deadline for application is April 1st.
- Disabled Veterans Exemption
- Exemption: $7,500
- Eligibility: The homeowner must be a veteran with a service-connected disability of 100% or total and permanent disability, and be a legal resident of Mississippi. The property must be owned and occupied as the primary residence on January 1st of the year in which the exemption is claimed.
- Amount: A reduction of up to $7,500 on the assessed value of the property.
- Notes: There is a one-time application process. The deadline for application is April 1st.
- Additional Exemption for Veterans with Disabilities
- Exemption: Up to $100,000
- Eligibility: The homeowner must be a veteran with a service-connected disability of 100% or total and permanent disability, and be a legal resident of Mississippi. The property must be owned and occupied as the primary residence on January 1st of the year in which the exemption is claimed.
- Amount: A reduction of up to $100,000 on the assessed value of the property.
- Notes: There is a one-time application process. The deadline for application is April 1st.
- Homestead Exemption for Persons over 65
- Exemption: $75,000 or the full value of the property
- Eligibility: The homeowner must be 65 years of age or older, and have owned and occupied the property as their primary residence on January 1st of the year in which the exemption is claimed.
- Amount: A reduction of up to $75,000 on the assessed value of the property or the full value of the property, whichever is less.
- Notes: There is a one-time application process. The deadline for application is April 1st.
- Homestead Exemption for Totally Disabled Persons
- Exemption: $75,000 or the full value of the property
- Eligibility: The homeowner must be totally disabled and have owned and occupied the property as their primary residence on January 1st of the year in which the exemption is claimed.
- Amount: A reduction of up to $75,000 on the assessed value of the property or the full value of the property, whichever is less.
- Notes: There is a one-time application process. The deadline for application is April 1st.
In summary, the Homestead exemptions and deductions available in Sunflower County, Mississippi, can provide significant savings on property taxes for eligible homeowners. It is important to review the specific requirements and deadlines for each exemption in order to take advantage of these benefits.
When is Sunflower County Property Tax due ?
Sunflower County Property Tax is typically due on January 31 of each year. It is important to note that late payments will result in penalties and interest fees.
To pay property tax in Sunflower County, there are several payment methods available. The county accepts payments in person, by mail, online, or by phone. The following table summarizes the payment options:
| Payment Method | How to Pay | Fees |
|---|---|---|
| In person | Visit the tax collector's office and pay by cash, check, or money order. | None |
| By mail | Mail a check or money order to the tax collector's office. | None |
| Online | Visit the county's website and use the online payment system. Payments can be made by credit card, debit card, or eCheck. | A convenience fee is charged by the payment processor. |
| By phone | Call the tax collector's office and pay with a credit or debit card over the phone. | A convenience fee is charged by the payment processor. |
It is recommended to pay property tax on time to avoid additional fees and interest charges. If any questions or concerns arise during the payment process, individuals should contact the county tax collector's office for assistance.
If you have more questions - contact your local tax collector.
How is Sunflower County Property Tax penalty calculated ?
Sunflower County calculates property tax penalties based on a percentage of the unpaid taxes. The penalty rate is set by the state and can vary each year.
Example: Let's say a property owner in Sunflower County owes $2,000 in property taxes for the year. If they do not pay by the due date, they will incur a penalty of 1% per month, which equals 12% per year. If the property owner waits three months before paying, the penalty amount would be $60 ($2,000 x 1% x 3 months). The total amount owed, including the penalty, would be $2,060.
The penalty calculation works as follows:
- Penalty rate: set by the state, varies each year
- Penalty amount: calculated as a percentage of the unpaid taxes per month
- Example: $2,000 in unpaid taxes, 1% penalty rate, 3 months late = $60 penalty
To avoid penalties, it is important for property owners in Sunflower County to pay their property taxes on time. It is recommended to set reminders, and to contact the tax assessor's office if there are any questions or concerns about payment.
We recommend contacting the Sunflower County Tax Office or a local tax professional for the most up-to-date and accurate information.