Swain County Property Tax Rates
The Swain County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.4450 |
| Fire District | $0.07 - $0.10 (depending on district) |
| Solid Waste | $0.2250 |
| School | $0.7150 |
It is important to note that these rates are subject to change and may vary for individual properties based on their location and other factors. Property owners in Swain County should consult with a qualified tax advisor or the County Assessor's office for more information on their specific property tax obligations.
Example of Swain County Property Tax Calculation
Swain County calculates property taxes based on the assessed value of a property. The assessed value is determined by the county tax assessor's office and takes into account the property's location, size, and condition.
To calculate the property tax, the assessed value is multiplied by the tax rate, which for Swain County is currently 0.415 per $100 of assessed value.
For example, if a property in Swain County has an assessed value of $100,000, the property tax would be calculated as follows:
$100,000 (assessed value) x 0.415 (tax rate) = $41,500 (property tax)
It is important to note that property tax rates can vary from county to county and may change over time. It is recommended that property owners regularly review their tax bills and assessments to ensure accuracy.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Swain County ?
In Swain County, property tax rates are set by the Swain County Board of Commissioners. They typically do this during their budget meetings in the spring of each year. The rates are then approved and become effective on July 1st. It's important to note that property taxes in Swain County are based on the assessed value of the property and the tax rate set by the county. Residents of Swain County can appeal their property's assessed value if they believe it to be inaccurate.
Homestead exemptions in Swain County ?
In Swain County, North Carolina, there are various Homestead exemptions and deductions available to residents. Here is a breakdown of the information in a concise and easy-to-read format using markdown lists and tables.
Homestead Exemptions and Deductions in Swain County
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly or Disabled Exclusion | Age 65 or older, or totally and permanently disabled | Up to $25,000 of assessed value | Must apply annually |
| Circuit Breaker Tax Deferment | Age 65 or older, or totally and permanently disabled, or incomes less than $31,000 | Deferred payment option | Taxes must exceed 4% of income |
| Disabled Veteran Exclusion | Honorably discharged veteran with service-connected disability | Up to $45,000 of assessed value | Must provide proof of disability |
| Present-Use Value | Agriculture, horticulture, or forestland use | Varies by use | Property must be actively used |
| Conservation Land Exclusion | Land designated as conservation or open space | Up to 50% of assessed value | Requires conservation agreement |
Note: These exemptions and deductions are subject to change. Contact the Swain County Tax Assessor's Office for the most up-to-date information.
By taking advantage of these exemptions and deductions, Swain County residents can potentially lower their property taxes and save money. It's important to stay informed and take advantage of all available options.
When is Swain County Property Tax due ?
Swain County Property Tax is typically due on September 1st of each year. Failure to pay the property tax on time will result in a late penalty fee of 2% in October and an additional ¾% each month thereafter until the taxes are paid in full.
There are various payment methods available to pay Swain County Property Tax. Here are the payment options:
| Payment Method | Description |
|---|---|
| Online Payment | Property taxes can be paid online using a bank account or a credit/debit card. You can visit the county website to pay online. A convenience fee applies to credit/debit card payments. |
| In-person Payment | Payments can also be made in person at the Swain County Tax Office, located at 101 Mitchell Street, Suite 101, Bryson City, NC 28713. Accepted payment methods are cash, check, and money order. |
| Mail-in Payment | Property tax payments can be mailed in to the Swain County Tax Collector's Office, P.O. Box 2321, Bryson City, NC 28713. Checks and money orders are the only accepted payment methods when mailing in payments. |
It is important to note that the property taxes must be paid in full by January 5th of the following year to avoid legal action. In case of any queries, the Swain County Tax Office can be contacted at (828) 488-9273.
If you have more questions - contact your local tax collector.
How is Swain County Property Tax penalty calculated ?
Swain County Property Tax Penalty Calculation:
When a property owner does not pay their property taxes by the due date, a penalty is added to the amount due. The penalty is calculated based on a percentage of the total tax amount owed.
The penalty rate for late payment of property taxes in Swain County is 2% per month, starting the day after the due date. This means that if a property owner owes $2,000 in property taxes and pays one month late, they will incur a penalty of $40 (2% of $2,000). If they pay two months late, the penalty will be $80 (2% x $2,000 x 2).
Example:
John owns a property in Swain County and owes $3,500 in property taxes for the year. The due date for payment was January 5th. John did not pay on time and waited until March 1st to make the payment. Since he paid 2 months late, the penalty will be calculated as follows:
| Calculation | Amount |
|---|---|
| Total Taxes Owed (A) | $3,500 |
| Penalty Rate (B) | 2% |
| Months Late (C) | 2 |
| Penalty Amount (A x B x C) | $140 |
Therefore, John will have to pay a total of $3,640 ($3,500 + $140) for his property taxes.
It is important for property owners in Swain County to pay their property taxes on time to avoid penalties and additional fees.
We recommend contacting the Swain County Tax Office or a local tax professional for the most up-to-date and accurate information.