Example of Union County Property Tax Calculation
Union County calculates property taxes based on the assessed value of the property. For example, if a property has an assessed value of $100,000 and the tax rate is 1%, the property tax would be $1,000 per year. This calculation is based on the assessed value multiplied by the tax rate. It is important to note that tax rates may vary depending on the location within the county and additional fees may apply for special assessments.
If you want appeal your property tax assessment - contact your local tax assessor.
Union County Property Tax Rates
The following table shows the Union County Property Tax rates per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.8275 |
| Municipal Tax | $0.42 - $3.3017 (depending on municipality) |
| School Tax | $1.5804 - $2.8789 (depending on school district) |
| Open Space Tax | $0.02 |
It is important to note that municipal and school tax rates vary depending on the specific municipality and school district within Union County. Therefore, it is recommended to consult with a tax professional for more accurate and specific information.
Who sets property tax rates in Union County ?
Who sets property tax rates in Union County?
The local government of Union County in the state of New Jersey sets property tax rates. Property tax rates are determined annually and are based on the assessed value of the property.
When are property tax rates set in Union County?
Property tax rates in Union County are set annually, typically in the late summer or early fall. Property owners receive a notice of their assessed value and tax rate in late November or early December. Payment of property taxes is due on February 1st of the following year for the first half of taxes and on August 1st for the second half.
How are property taxes calculated in Union County?
Property taxes in Union County are calculated by multiplying the assessed value of the property by the tax rate. The assessed value is determined by the local government's tax assessor, who reviews property records, recent sales of similar properties, and any improvements made to the property.
It is important for property owners to regularly review their property tax assessments to ensure that they are accurate and fair. If a property owner believes their assessment is incorrect, they have the right to appeal the assessment to the local Board of Taxation.
Homestead exemptions in Union County ?
Creating a table with columns for exemption, eligibility, amount, and notes can be a helpful way to understand the Homestead exemptions and deductions available in Union County, Illinois. For adults living in this county, it's important to know what these exemptions are and what they mean for property taxes. Here is a comprehensive list of all county-specific Homestead exemptions and deductions in Union County.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Owner-occupied primary residence | Up to $6,000 reduction in EAV (equalized assessed value) | Applies to all property types |
| Senior Citizen Homestead Exemption | Owner-occupied primary residence, at least 65 years old | Up to $5,000 reduction in EAV | |
| Senior Citizen Assessment Freeze Homestead Exemption | Owner-occupied primary residence, at least 65 years old, annual household income of $65,000 or less | Freezes EAV at base year level, based on a percentage increase limited to CPI or 5%, whichever is less | |
| Homestead Improvement Exemption | Owner-occupied primary residence, making improvements | Up to $75,000 reduction in EAV for up to 4 years | Exemption applies to the value added by the improvements only |
| Disabled Veterans' Standard Homestead Exemption | Owner-occupied primary residence, veteran with disability rating of at least 30% | Up to $2,500 reduction in EAV | |
| Disabled Veterans' Additional Homestead Exemption | Owner-occupied primary residence, veteran with disability rating of at least 70% | Up to $5,000 additional reduction in EAV | |
| Returning Veterans' Homestead Exemption | Owner-occupied primary residence, veteran who has served at least one tour of duty in Iraq or Afghanistan since September 11, 2001 | Up to $5,000 reduction in EAV for 2 consecutive assessment years | Must apply within 2 years of returning from service |
It's important to note that eligibility requirements may vary for each exemption and deductions may differ based on the property type or use. Property owners should consult with their local tax assessor's office or an experienced property tax attorney to determine their eligibility and maximize their tax benefits.
When is Union County Property Tax due ?
Typically, Union County Property Tax is due on:
| Due Date | Payment Method |
|---|---|
| January 5th | Online |
| January 5th | |
| January 5th | In-person |
The payment methods available for Union County Property Tax include online, mail, and in-person. The due date for the property tax is typically January 5th.
To pay online, taxpayers can visit the Union County website and follow the instructions provided. To pay by mail, taxpayers can send a check or money order made payable to "Union County Tax Collector" and include their property identification number. To pay in-person, taxpayers can visit the Union County Tax Office and pay with cash, check, or money order.
It is important to note that late payments may result in penalties and interest fees. Therefore, taxpayers should ensure that their payment is submitted on or before the due date to avoid any additional charges.
If you have more questions - contact your local tax collector.
How is Union County Property Tax penalty calculated ?
Union County Property Tax Penalty Calculation
To understand how the Union County Property Tax Penalty is calculated, let's break it down into a few simple steps.
Step 1: Determine the Delinquency Date
The delinquency date is the date after which property taxes become delinquent. In Union County, this date is January 6th of the year following the tax year.
Step 2: Calculate the Penalty Rate
The penalty rate for delinquent taxes in Union County is 2% for the first month and an additional 0.75% for each additional month thereafter, up to a maximum penalty of 8.25%.
Step 3: Calculate the Penalty Amount
To calculate the penalty amount, simply multiply the penalty rate by the amount of taxes owed. For example, if a property owner owes $5,000 in property taxes and misses the January 6th delinquency date, their penalty for the first month would be $100 (2% of $5,000). If they still haven't paid by February 6th, the penalty for the second month would be $37.50 (0.75% of $5,000) for a total penalty of $137.50.
| Month | Penalty Rate | Penalty Amount | Total Penalty |
|---|---|---|---|
| 1 | 2% | $100 | $100 |
| 2 | 0.75% | $37.50 | $137.50 |
| 3 | 0.75% | $37.50 | $175.00 |
| 4 | 0.75% | $37.50 | $212.50 |
| 5 | 0.75% | $37.50 | $250.00 |
| 6 | 0.75% | $37.50 | $287.50 |
| 7 | 0.75% | $37.50 | $325.00 |
| 8 | 0.75% | $37.50 | $362.50 |
| Total | 8.25% | $400.00 | $400.00 |
As you can see, the penalty continues to increase each month until it reaches the maximum of 8.25% after eight months.
It's important to note that property owners have the option to pay their taxes in installments throughout the year to avoid the penalty altogether. However, if they miss a payment, they will be subject to the penalty for the delinquent amount.
In summary, the Union County Property Tax Penalty is calculated by determining the delinquency date, calculating the penalty rate, and multiplying it by the amount of taxes owed. Property owners should aim to pay their taxes on time to avoid incurring any additional penalties.
We recommend contacting the Union County Tax Office or a local tax professional for the most up-to-date and accurate information.