Example of Thomas County Property Tax Calculation
Thomas County Property Tax is calculated based on the value of the property owned by the taxpayer. For example, if a property in Thomas County is valued at $100,000, the property tax rate of 1% would result in an annual property tax of $1,000. This is calculated by multiplying the property value with the tax rate (100,000 x 0.01 = $1,000). The property tax is used to support the local government, including public schools, police departments, and other essential services. Property owners in Thomas County can pay their property tax online or through mail. It is important to pay property tax on time to avoid penalties and interest charges.
If you want appeal your property tax assessment - contact your local tax assessor.
Thomas County Property Tax Rates
The following table shows the property tax rates in Thomas County, expressed as the rate per $100 of assessed value:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | $0.90 |
| School District | $1.20 |
| Municipal Government | $0.50 |
| State Education | $0.10 |
| Fire District | $0.35 |
It's important to note that the actual tax rate for a particular property will depend on its assessed value and any applicable exemptions. Property owners in Thomas County should consult with their tax advisor or the local tax assessor's office for more specific information.
Who sets property tax rates in Thomas County ?
Who sets property tax rates in Thomas County?
In Thomas County, property tax rates are set by the County Board of Commissioners. The Board of Commissioners is made up of elected officials who are responsible for managing the county's affairs, including its finances and taxation policies.
When are property tax rates set in Thomas County?
Property tax rates in Thomas County are typically set once a year, during the county's annual budget process. During this process, the Board of Commissioners reviews the county's financial needs and sets tax rates accordingly. Property owners in Thomas County can expect to receive notice of any changes to their property tax rates before the start of the new tax year.
Homestead exemptions in Thomas County ?
To help Thomas County residents navigate their Homestead exemptions and deductions, here's a breakdown of all the county-specific information. The table below includes the four columns: exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic Homestead Exemption | Owner-occupied primary residence | Up to $2,000 off assessed value | Must have owned and occupied the property as of January 1st of the taxable year |
| Senior Citizen Exemption | Owner-occupied primary residence, aged 62 or older | Up to an additional $4,000 off assessed value | Must have owned and occupied the property as of January 1st of the taxable year |
| Disability Exemption | Owner-occupied primary residence, documented disability | Up to an additional $2,000 off assessed value | Must have owned and occupied the property as of January 1st of the taxable year |
| Veteran's Exemption | Owner-occupied primary residence, honorably discharged veteran or spouse of deceased veteran | Up to an additional $7,500 off assessed value | Must have owned and occupied the property as of January 1st of the taxable year, and veterans must provide proof of honorable discharge and eligibility from the VA |
| Conservation Use Assessment | Property used for conservation purposes | Lower assessed value based on use | Must apply and meet criteria for conservation use |
| Forest Land Protection | Property used for commercial timber production | Lower assessed value based on use | Must apply and meet criteria for commercial timber production |
Remember, eligibility and amounts may vary depending on individual circumstances and the specific property in question. It's always best to double-check with the Thomas County Tax Assessor's office for the most accurate information.
When is Thomas County Property Tax due ?
According to the official website of Thomas County, Georgia, the property tax is typically due on December 20th of each year. However, if that day falls on a weekend or holiday, the due date will be the following business day.
There are several payment methods available for Thomas County property taxes. Here are the options:
| Payment Method | Description |
|---|---|
| In Person | Payment can be made in person at the Tax Commissioner's Office located at 116 N. Madison St., Thomasville, GA. Office hours are Monday-Friday, 8:00am to 5:00pm. |
| Payment can be mailed to the Tax Commissioner's Office at P.O. Box 1217, Thomasville, GA 31799. Be sure to include the property tax bill and write the property's parcel ID number on the check or money order. | |
| Online | Payment can be made online through the Thomas County Tax Commissioner's website at www.thomascountyboc.org. There is a convenience fee for using this option. |
| Drop Box | Payment can be dropped off at the Tax Commissioner's Office drop box located at the rear entrance of the building. Be sure to include the property tax bill and write the property's parcel ID number on the check or money order. |
It is important to note that failure to pay property taxes by the due date can result in penalties, interest, and ultimately, a tax sale of the property. Therefore, it is recommended to pay on time or to make arrangements with the Tax Commissioner's Office if unable to do so.
If you have more questions - contact your local tax collector.
How is Thomas County Property Tax penalty calculated ?
Thomas County Property Tax Penalty Calculation
When property owners in Thomas County fail to pay property taxes by the due date, they are subject to penalties and interest charges. The amount of penalty and interest charges depend on the amount of taxes owed, the date the taxes were due, and the date they are paid. The penalty calculation method for delinquent property taxes in Thomas County is based on the following:
- Penalty Rate: The penalty rate for late payment of property taxes in Thomas County is 1% per month. This penalty is applied to the unpaid balance every month until the tax debt is paid in full.
- Interest Rate: The interest rate for delinquent property taxes in Thomas County is 1% per month. This interest is applied to the unpaid balance every month until the tax debt is paid in full.
Example:
Suppose a property owner in Thomas County has a property tax bill of $2,500, and the property tax due date is January 1st of each year. If the property owner fails to pay the property taxes on time and makes the payment on February 28th, they will owe the following:
- Penalty: $25 (1% of $2,500) for late payment in February
- Interest: $25 (1% of $2,500) for late payment in February
Therefore, the total penalty and interest charges would be $50 ($25 penalty + $25 interest). The total amount owed would be $2,550 ($2,500 tax bill + $50 penalty and interest charges).
In conclusion, property owners in Thomas County should make sure to pay their property taxes on time to avoid penalties and interest charges. By understanding the penalty calculation method, property owners can plan and avoid unnecessary expenses.
We recommend contacting the Thomas County Tax Office or a local tax professional for the most up-to-date and accurate information.