Example of Telfair County Property Tax Calculation
In Telfair County, property tax is calculated based on the assessed value of the property. The assessed value is determined by the county tax assessor's office and is a percentage of the property's fair market value.
For example, if a home in Telfair County has a fair market value of $200,000 and the assessed value is 40%, then the assessed value would be $80,000 ($200,000 x 0.40).
Once the assessed value is determined, the property tax rate is applied. The tax rate varies depending on the location and type of property. For residential properties in Telfair County, the current tax rate is 19 mills.
To calculate the property tax for the above example, simply multiply the assessed value by the tax rate: $80,000 x 0.019 = $1,520.
Therefore, for a home with a fair market value of $200,000 in Telfair County, the property tax would be $1,520 per year.
If you want appeal your property tax assessment - contact your local tax assessor.
Telfair County Property Tax Rates
The Telfair County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $12.90 |
| School | $14.00 |
| State | $3.00 |
| Municipal | $0.00 |
| Fire | $4.50 |
| Hospital | $0.75 |
| Recreation | $0.25 |
It is important to note that these rates are subject to change and may vary depending on individual circumstances. It is recommended to consult with a tax professional for specific information regarding your property.
Who sets property tax rates in Telfair County ?
In Telfair County, property tax rates are set by the Telfair County Board of Commissioners. This occurs annually during the budgeting process, typically in the months leading up to the start of the fiscal year on July 1st. The Board of Commissioners considers a variety of factors when setting property tax rates, including the county's overall financial needs, projected revenue from other sources, and the assessed value of properties within the county. It is important to note that property taxes are a significant source of revenue for local governments, and are used to fund a variety of services and programs that benefit Telfair County residents.
Homestead exemptions in Telfair County ?
To help residents of Telfair County, Georgia navigate through their Homestead exemptions and deductions, the following table includes all the relevant information for each category:
Homestead Exemptions and Deductions in Telfair County, Georgia
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Standard Homestead Exemption | Available to all residents who own and occupy their home as their primary residence on January 1st of the taxable year | $2,000 | - |
| Elderly Homestead Exemption | Available to residents who are 65 years or older as of January 1st of the taxable year, and have a total income of $30,000 or less | $4,000 | - |
| Disabled Veteran Homestead Exemption | Available to veterans who are 100% disabled, were honorably discharged or released, and own and occupy their home as their primary residence on January 1st of the taxable year | $85,645 | - |
| Surviving Spouse Homestead Exemption | Available to surviving spouses of eligible veterans who owned and occupied their home as their primary residence on January 1st of the taxable year | $85,645 | - |
| Floating Homestead Exemption | Available to residents who are 62 years or older, have a total income of $30,000 or less, and have lived in their home for at least 10 years | $10,000 | This exemption is applied on top of any other eligible exemptions |
| School Tax Homestead Exemption | Available to all residents who own and occupy their home as their primary residence on January 1st of the taxable year, and whose property lies within the Telfair County School District | $10,000 | - |
| Veterans Exemption | Available to veterans who were honorably discharged or released and are permanently and totally disabled as a result of their military service | $4,000 | - |
Notes:
- All exemptions and deductions are subject to change based on updates to state or local laws.
- Residents may only apply for one exemption or deduction per property. It is recommended to review eligibility criteria for each exemption or deduction to determine the best option for individual circumstances.
When is Telfair County Property Tax due ?
Telfair County Property Tax Due Date and Payment Methods
- Telfair County Property Tax is typically due on December 20 of each year.
- If a property owner fails to pay their taxes by the due date, they will incur penalties and interest.
- There are several payment methods available for Telfair County Property Tax:
- In-person payment at the Telfair County Tax Commissioner's Office
- Mail-in payment via check or money order
- Online payment through the Telfair County website using a credit or debit card (additional fees may apply)
- Automatic bank draft payment plan (enrollment required)
- Property owners should make sure to keep their tax bills and payment receipts for their records.
- For more information on Telfair County Property Tax, property owners can contact the Telfair County Tax Commissioner's Office.
If you have more questions - contact your local tax collector.
How is Telfair County Property Tax penalty calculated ?
In Telfair County, Georgia, property taxes are due on or before December 20th each year. If the property owner fails to pay by the due date, interest and penalties will accrue on the unpaid balance. The penalty for late payment is 10% of the total tax bill.
For instance, if the total tax bill for a property in Telfair County is $1,000 and the owner fails to pay by December 20th, they will incur a penalty of $100 (which is 10% of $1,000). This penalty will be added to the initial tax bill, and interest will start accruing on the unpaid balance at a rate of 1% per month.
It is important to note that if the property owner fails to pay their property taxes for two consecutive years, the county may initiate the process of selling the property to collect the unpaid taxes.
To avoid penalties and interest, property owners in Telfair County are encouraged to pay their property taxes on time. In case of financial difficulties, the county may offer payment plans or other options to help property owners meet their tax obligations.
We recommend contacting the Telfair County Tax Office or a local tax professional for the most up-to-date and accurate information.