Example of Trousdale County Property Tax Calculation
Calculating property tax in Trousdale County is a straightforward process. The tax is based on the assessed value of the property and the tax rate set by the county.
To illustrate, let's say a home in Trousdale County is assessed at $100,000. The county's tax rate is $2.50 per $100 of assessed value.
To find the annual property tax, simply multiply the assessed value by the tax rate:
$100,000 x $2.50 = $2,500
Therefore, the annual property tax for that home in Trousdale County would be $2,500.
It's important to note that property values and tax rates can change from year to year, so it's a good idea to check with the county assessor's office for the most up-to-date information.
If you want appeal your property tax assessment - contact your local tax assessor.
Trousdale County Property Tax Rates
The following table lists the Trousdale County Property Tax rates per 100$ of assessed value:
| Tax | Rate per $100 Assessed Value |
|---|---|
| County General | $2.19 |
| Education | $1.50 |
| General Debt Service | 0.78 |
| Highway/Public Works | $0.74 |
| Solid Waste | $0.30 |
| Ambulance | $0.12 |
| Total | $5.63 |
It's important to note that property tax rates can vary based on the location and assessed value of the property. It's also recommended to consult with a tax professional for personalized advice on property taxes.
Who sets property tax rates in Trousdale County ?
In Trousdale County, property tax rates are set by the County Commission during their annual budget process. This typically occurs in the late spring or early summer. The County Commission considers several factors when setting the tax rate, including the county's financial needs, anticipated revenue from other sources, and the value of property within the county. The tax rate is then applied to the assessed value of each property in the county, with the resulting revenue used to fund local government services and programs.
Homestead exemptions in Trousdale County ?
To provide a comprehensive guide on the county-specific Homestead exemptions and deductions in Trousdale County, Tennessee, the blogger has created a table with four columns: exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Owner-occupied residential property | $35,000 | Applies to the property's assessed value |
| Elderly or Disabled Homestead Exemption | Owner-occupied residential property | $37,000 | Applies to the property's assessed value, requires proof of age or disability |
| Disabled Veteran Property Tax Relief | Disabled veterans with 100% service-connected disabilities | Up to $100,000 | Applies to the property's assessed value |
| Surviving Spouse of Armed Forces Member Killed in Action Homestead Exemption | Surviving spouse of armed forces member killed in action | $175,000 | Applies to the property's assessed value |
| Residential Property Tax Relief for Disabled Veterans | Disabled veterans with 100% service-connected disabilities | 100% | Exempts the property from property taxes |
| Residential Property Tax Relief for Gold Star Spouses | Spouses of military members killed in action | 100% | Exempts the property from property taxes |
It's important to note that these exemptions and deductions are specific to Trousdale County in Tennessee and may differ from those in other counties or states. Eligibility criteria and application requirements may also vary, so it's recommended to consult with the county's tax assessor's office for further information.
When is Trousdale County Property Tax due ?
When is Trousdale County Property Tax typically due?
Property taxes in Trousdale County are typically due on October 31st of each year. The payment methods available to taxpayers include:
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Online Payments: Taxpayers can pay their property tax online through the Trousdale County website. To make an online payment, taxpayers need to have their property ID number and credit/debit card information ready.
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Mail-In Payments: Taxpayers can also mail their property tax payment to the Trousdale County Trustee's Office. The mailing address for the office is 200 East Main Street, Suite 1, Hartsville, TN 37074. Taxpayers should include their property ID number on their payment.
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In-Person Payments: Taxpayers who prefer to pay their property tax in person can do so at the Trousdale County Trustee's Office. The office is located at 200 East Main Street, Suite 1, Hartsville, TN 37074, and it is open Monday through Friday from 8:00 AM to 4:00 PM.
It is important to note that failure to pay property taxes on time can result in penalties, interest, and even the loss of property. Therefore, taxpayers should ensure that they pay their property tax before the due date to avoid any unnecessary consequences.
If you have more questions - contact your local tax collector.
How is Trousdale County Property Tax penalty calculated ?
How Trousdale County Property Tax Penalty is Calculated
Property owners in Trousdale County are required to pay annual property taxes. Failure to pay these taxes on time can result in penalties and interest charges. Here's how the penalty is calculated:
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Due Date: The due date for property tax payment in Trousdale County is February 28th of each year. If the payment is not made by this date, the penalty process starts.
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Penalty Rate: The penalty rate for late payment of property tax in Trousdale County is 1.5% per month. This means that an additional 1.5% is added to the outstanding balance each month until the payment is made.
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Example Calculation: Let's say that a property owner has an outstanding tax balance of $5,000 on March 1st. The penalty for the first month (March) would be 1.5% of $5,000, which is $75. This would bring the total outstanding balance to $5,075. If the payment is not made by the end of April, another 1.5% penalty would be added to the new outstanding balance of $5,075, which would be $76.13. The total outstanding balance would then be $5,151.13.
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Interest Charges: In addition to the penalty, interest charges of 1% per month are added to the outstanding balance until the payment is made. It's important to note that interest charges are calculated on the total outstanding balance, including any penalties.
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Payment Options: Property owners in Trousdale County can make payments online, by mail, or in-person at the County Trustee's office. Payments made after the due date will be subject to penalties and interest charges.
By understanding how the penalty is calculated, property owners in Trousdale County can avoid late payments and the resulting penalties and interest charges.
We recommend contacting the Trousdale County Tax Office or a local tax professional for the most up-to-date and accurate information.