Example of Walthall County Property Tax Calculation
In Walthall County, property tax is calculated based on the assessed value of the property. The assessed value is determined by the county assessor's office and is based on the property's market value. Once the assessed value is determined, the property tax rate is applied, which is set by the county government.
For example, if a property in Walthall County has an assessed value of $100,000 and the property tax rate is 1%, the property tax owed would be $1,000 (100,000 x 0.01). This amount may be paid in installments or in full.
It's important to note that some properties may be eligible for exemptions or deductions, such as homestead exemptions for primary residences or agricultural exemptions for farmland. These exemptions can lower the assessed value and the amount of property tax owed.
Overall, property tax is an important source of revenue for local governments and helps fund services such as schools, police and fire departments, and public works projects in Walthall County.
If you want appeal your property tax assessment - contact your local tax assessor.
Walthall County Property Tax Rates
Here is a formatted table listing the Walthall County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Property Tax | $0.032 |
| Road and Bridge Tax | $0.005 |
| School District Tax | $0.048 |
| Total | $0.085 |
These rates are current as of the year 2021 and are subject to change. It is important for property owners in Walthall County to regularly check for updates and changes in property tax rates to ensure accurate payment.
Who sets property tax rates in Walthall County ?
Property Tax Rates in Walthall County
In Walthall County, property tax rates are set by the Board of Supervisors. This board is made up of five elected officials who oversee various aspects of county government, including taxation. The property tax rate is typically set annually during a public hearing, where residents are given the opportunity to voice their opinions and concerns.
The purpose of property tax is to fund local government services such as schools, emergency services, and infrastructure projects. Property owners in Walthall County can expect to receive a tax bill annually, which is based on the assessed value of their property.
It's important for property owners to understand the property tax assessment process and how it impacts their tax bill. The assessment is typically based on the fair market value of the property, as determined by the county tax assessor's office. Property owners who believe their assessment is incorrect can appeal to the Board of Supervisors and request a reassessment.
Overall, understanding the property tax system in Walthall County is essential for property owners who want to ensure they are paying their fair share while also benefiting from the local government services their tax dollars support.
Homestead exemptions in Walthall County ?
To provide clear information on county-specific Homestead exemptions and deductions in Walthall County, Mississippi, the following table columns will be utilized:
| Column | Description |
|---|---|
| Exemption | The specific Homestead exemption available in Walthall County |
| Eligibility | Who qualifies for the exemption/deduction |
| Amount | The monetary value of the exemption/deduction |
| Notes | Any additional information or requirements for the exemption |
Listed below are the Homestead exemptions and deductions available in Walthall County:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Regular Homestead Exemption | Owner-occupied primary residence | $7,500 in assessed value | Must be applied for by April 1st of current year. |
| Additional Homestead Exemption | Age 65 or older and/or disabled | Up to $10,000 in assessed value | Must apply for the regular Homestead exemption and provide proof of eligibility. |
| Homestead Exemption for Veterans | Honorably discharged veterans or surviving spouses | Up to $7,500 in assessed value | Must provide proof of eligibility. |
| Homestead Exemption for Disabled Veterans | Service-connected disabled veterans or surviving spouses | Up to $75,000 in assessed value per home | Must provide proof of eligibility. |
| Homestead Exemption for the Blind | Legally blind individuals | Up to $7,500 in assessed value | Must provide proof of disability. |
| Agricultural Land Use Value | Property used for agricultural purposes | Varies depending on use | Must apply annually by April 1st of current year. |
| School Operating Taxes | Homeowners with children attending public school | Up to $1,500 per year | Must apply annually by September 15th of current year. |
| Fire Protection Taxes | Homeowners in certain fire districts | Up to $5,000 per year | Must apply annually by September 15th of current year. |
| Disability Freeze | Disabled individuals | Capped at current assessed value | Must provide proof of disability and meet certain income requirements. |
It is important to note that eligibility requirements and exemption/deduction amounts are subject to change. Additionally, some exemptions and deductions may not be applicable to all individuals or properties. It is recommended that individuals consult with the Walthall County Tax Assessor's Office for up-to-date information and guidance on applying for available Homestead exemptions and deductions.
When is Walthall County Property Tax due ?
Walthall County Property Tax is typically due on January 31st every year. Property owners in Walthall County, Mississippi must pay their property taxes by this due date to avoid any late fees or penalties.
There are several methods of payment available for property owners to pay their taxes:
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In-person: Property owners can pay their taxes in person by visiting the Walthall County Tax Collector's office located at 200 Ball Avenue in Tylertown, Mississippi. Payment can be made with cash, check, or money order.
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Online: Property owners can make payment online through the county's official website. This service is provided by the county's tax collector and accepts payment through electronic check, debit card, or credit card.
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Mail: Property owners can also mail their payment to the county's tax collector. The mailing address is:
Walthall County Tax Collector P.O. Box 309 Tylertown, MS 39667
It is important to note that property owners are responsible for ensuring that their payment is received by the county tax collector by the due date. Any payment postmarked after January 31st will be considered late and may be subject to penalties.
In summary, Walthall County Property Tax is typically due on January 31st of every year. Property owners can pay in person, online, or through mail. It is crucial to make sure the payment is received by the tax collector by the due date to avoid any late fees or penalties.
If you have more questions - contact your local tax collector.
How is Walthall County Property Tax penalty calculated ?
Walthall County Property Tax Penalty Calculation
When property taxes are not paid on time, a penalty is assessed by Walthall County. The penalty amount is calculated based on the delinquent tax amount and the number of months the payment is late.
The penalty rate for Walthall County is 1% per month or fraction of a month. This means that if a property owner owes $1,000 in delinquent property taxes and the payment is 2 months late, the penalty would be calculated as follows:
$1,000 x 0.01 x 2 = $20
Therefore, the penalty amount in this example would be $20.
It's important to note that Walthall County has a minimum penalty of $1. So, if the calculated penalty based on the 1% rate is less than $1, the minimum penalty of $1 will be applied.
In addition to the penalty, interest is also charged on delinquent property taxes. The interest rate for Walthall County is 1% per month, or fraction of a month, as well.
To avoid penalty and interest charges, it's important to pay property taxes on time. If a property owner is unable to pay on time, they can contact the Walthall County Tax Collector's office to discuss payment arrangements and avoid further penalties.
| Calculation | Example |
|---|---|
| Penalty rate | 1% per month or fraction of a month |
| Minimum penalty | $1 |
| Delinquent tax amount | $1,000 |
| Late payment | 2 months |
| Penalty calculation | $1,000 x 0.01 x 2 = $20 |
| Penalty applied | $20 (with minimum penalty of $1 applied) |
By understanding how Walthall County calculates property tax penalties, property owners can avoid unnecessary fees and keep their taxes up to date.
We recommend contacting the Walthall County Tax Office or a local tax professional for the most up-to-date and accurate information.