Example of Throckmorton County Property Tax Calculation
Throckmorton County calculates property taxes by multiplying the assessed value of a property by the county's tax rate. For example, if a property in Throckmorton County has an assessed value of $100,000 and the tax rate is 2%, the annual property tax would be $2,000.
Assessed value is determined by the county tax assessor, who evaluates the property's market value and then applies any applicable exemptions or deductions. Once the assessed value is determined, the tax rate is applied to calculate the annual tax amount.
Property owners in Throckmorton County can pay their property taxes in full or in installments. If they choose to pay in installments, they must make payments by January 31, March 31, May 31, and July 31 of each year.
It's important to note that property tax rates and assessment methods may vary between different counties in Texas, so it's always a good idea to check with your local tax assessor's office for specific information about your property tax bill.
If you want appeal your property tax assessment - contact your local tax assessor.
Throckmorton County Property Tax Rates
The Throckmorton County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.46 |
| Throckmorton Independent School District | $1.04 |
| Woodson Independent School District | $1.26 |
| City of Throckmorton | $0.67 |
These rates are charged per $100 of assessed property value in Throckmorton County. It is important to keep these rates in mind when considering property ownership or investment in the area.
Who sets property tax rates in Throckmorton County ?
Property tax rates in Throckmorton County are set by the county commissioners court. This group of elected officials meets annually to determine the tax rate for the upcoming year. Property taxes in Throckmorton County are based on the appraised value of the property and are used to fund local government services such as schools, roads, and public safety. It is important to note that property owners have the right to protest their appraised value if they believe it is too high. The deadline to file a protest is typically May 15th.
When is Throckmorton County Property Tax due ?
Throckmorton County Property Tax is typically due on January 31st of every year. Failure to pay property taxes on time may result in penalties and interest charges.
Payment methods for Throckmorton County Property Tax include:
- In person: Payments can be made in person by visiting the Throckmorton County Tax Office located at 101 S. Minter Ave., Throckmorton, TX 76483.
- By mail: Payments can be made by mailing a check or money order to the Throckmorton County Tax Office. The address for mailing payments can be found on the tax statement.
- Online: Payments can also be made online through the Throckmorton County website. The website accepts major credit cards and eChecks for property tax payments.
It is important to note that if a property owner has a mortgage, the mortgage company may pay the property tax on their behalf. Property owners should check with their mortgage company to confirm if this is the case.
In summary, Throckmorton County Property Tax is typically due on January 31st of every year, and payments can be made in person, by mail, or online. Property owners with mortgages should confirm with their mortgage company if their property tax will be paid on their behalf.
If you have more questions - contact your local tax collector.
How is Throckmorton County Property Tax penalty calculated ?
Throckmorton County Property Tax Penalty Calculation
When a property owner fails to pay their property tax by the due date in Throckmorton County, they will be subject to penalties and interest charges. The penalty is calculated based on the unpaid taxes and the number of days that have passed since the due date.
The penalty rate for unpaid property taxes in Throckmorton County is set by the Texas Property Tax Code. The penalty rate is 6% of the unpaid taxes for the first month, plus 1% for each additional month that the taxes remain unpaid, up to a maximum of 12%.
Here is an example of how the penalty is calculated:
- Property owner owes $10,000 in property taxes for the year
- Due date for payment is January 31st
- Property owner does not pay by the deadline
- Penalty for February = $600 (6% of $10,000)
- Penalty for March = $700 (7% of $10,000)
- Total penalties and interest charges after three months = $1,300 (13% of $10,000)
The property owner will also be charged interest on the unpaid taxes at a rate of 1% per month until the taxes are paid in full.
To avoid penalties and interest charges, it is important to pay property taxes on time in Throckmorton County. If there are difficulties in paying property tax, the property owner should contact the tax assessor's office to discuss payment options.
| Property Tax Penalty Calculation |
|---|
| Penalty rate for unpaid taxes |
| Maximum penalty rate |
| Example |
| Penalty for February |
| Penalty for March |
| Total penalties and interest |
| Interest rate on unpaid taxes |
Homestead exemptions in Throckmorton County ?
To help Throckmorton County residents understand their Homestead exemptions and deductions, we have compiled a table that includes all county-specific information. Below are the four columns of the table:
| Column | Description |
|---|
We recommend contacting the Throckmorton County Tax Office or a local tax professional for the most up-to-date and accurate information.