Example of Surry County Property Tax Calculation
Surry County Property Tax is calculated based on the assessed value of a property. For example, if a property in Surry County has an assessed value of $100,000, the property tax would be calculated as follows:
First, the assessed value of the property is multiplied by the current tax rate, which is typically expressed as a percentage. For this example, let's assume the tax rate is 1%.
$100,000 x 0.01 = $1,000
So the property tax for this property in Surry County would be $1,000.
It's important to note that property tax rates and assessments can vary depending on the location and type of property, as well as any exemptions or special assessments that may apply. Homeowners can typically find information about their specific property tax rate and assessment on the Surry County government website or by contacting the county tax assessor's office.
If you want appeal your property tax assessment - contact your local tax assessor.
Surry County Property Tax Rates
The table below shows the Surry County Property Tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 Assessed Value |
|---|---|
| County Tax | $0.63 |
| Municipal Tax | $0.00 |
| Fire District Tax | $0.08 |
| Special Tax Districts | Varies by district |
It is important to note that the rate for Special Tax Districts can vary depending on the specific district. Property owners should consult with their local tax authority for more information.
Who sets property tax rates in Surry County ?
Surry County Property Tax Rates
In Surry County, North Carolina, the property tax rates are set by two entities: the Surry County Board of Commissioners and the Surry County Board of Education.
The Board of Commissioners sets the overall tax rate, which includes the general county tax, fire district tax, and municipal service district tax. The general county tax is used to fund various county services such as law enforcement, emergency services, and public works. The fire district tax is used to fund the county's fire and rescue services, and the municipal service district tax is used to fund specific services provided to residents of certain municipalities within the county.
The Board of Education sets the school tax rate, which is used to fund the Surry County School System.
Property tax rates are typically set annually during the budgeting process, which usually takes place in the spring. The tax rates are then applied to the assessed value of the property to determine the amount of taxes owed.
It is important to note that property tax rates may vary depending on the location of the property within Surry County. Property owners can contact the Surry County Tax Office for more information about their specific property tax rates.
Homestead exemptions in Surry County ?
To help Surry County residents understand their Homestead exemption options, let's take a look at the different exemptions and deductions available in the county. Below is a table outlining the available exemptions, eligibility requirements, and any notes to keep in mind:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Any individual who owns and occupies their primary residence | Up to $2,000 off of assessed property value | Must apply by June 30th of the tax year. |
| Elderly and Disabled Exemption | Any individual over 65 or fully disabled who owns and occupies their primary residence | Up to $10,000 off of assessed property value | Must provide proof of age or disability and apply by June 30th of the tax year. |
| Veteran's Exemption | Honorably discharged veterans or their surviving spouses | Up to $10,000 off of assessed property value | Must provide documentation of military service and apply by June 30th of the tax year. |
| Disabled Veteran's Exemption | Disabled veterans or their surviving spouses who meet criteria | Up to 100% exemption of property taxes | Must provide documentation of military service and disability, as well as a certificate of disability from the VA. |
| Land Use Exemption | Property owners who use their land for certain agricultural purposes | Varies depending on acreage and use | Must meet specific eligibility requirements and complete an application with the commissioner of revenue. |
| Business Property Tax Relief | Business owners who meet certain criteria | Varies depending on property type and use | Must complete an application with the commissioner of revenue. |
It's important to note that these exemptions and deductions are specific to Surry County and may vary in other areas. Additionally, eligibility requirements and application procedures may change over time, so it's important to check with the county's commissioner of revenue for the most up-to-date information.
By knowing about these Homestead exemption options, Surry County residents can potentially save money on their property taxes and better understand their tax liabilities.
When is Surry County Property Tax due ?
Surry County Property Tax is typically due on September 1st of each year. The payment methods for Surry County Property Tax include online payment, mail-in payment, and in-person payment.
Here is a breakdown of the payment methods:
| Payment Method | Instructions |
|---|---|
| Online Payment | Payments can be made using a credit card, debit card, or eCheck by visiting the Surry County Tax Administration website. |
| Mail-in Payment | Payments can be made by mailing a check or money order, along with the payment stub, to the Surry County Tax Administration office. The address can be found on the payment stub. |
| In-person Payment | Payments can be made in-person at the Surry County Tax Administration office located at 118 Hamby Road, Dobson, NC 27017. Accepted forms of payment include cash, check, money order, and credit/debit card (with a convenience fee). |
It is important to note that failure to pay property taxes on time can result in penalties and interest charges. Therefore, property owners in Surry County should ensure that they make their property tax payments on or before the September 1st deadline.
If you have more questions - contact your local tax collector.
How is Surry County Property Tax penalty calculated ?
Surry County Property Tax Penalty Calculation
When a property owner in Surry County, USA, fails to pay their property tax on time, they will incur a penalty. The penalty is calculated based on the amount of taxes owed and the number of days past the due date.
Here is an example of how the penalty is calculated:
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John owns a property in Surry County and owes $2,000 in property taxes for the year 2021.
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The due date for the taxes is January 5, 2022, but John forgets to pay until February 15, 2022, which is 41 days past due.
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The penalty for late payment is 2% of the total taxes owed for each month (or part of a month) past the due date, up to a maximum of 10%.
-
For John, the penalty would be calculated as follows:
- 2% x $2,000 = $40 for the first month past the due date (January 6 - February 5)
- 2% x $2,000 = $40 for the second month past the due date (February 6 - February 15)
- Total penalty = $80
The penalty amount is added to the original tax amount owed, and interest may also be charged on the unpaid balance.
In summary, Surry County property tax penalty is calculated based on the amount of taxes owed and the number of days past the due date. Property owners are encouraged to pay their taxes on time to avoid incurring penalties and interest.
We recommend contacting the Surry County Tax Office or a local tax professional for the most up-to-date and accurate information.