Example of Wharton County Property Tax Calculation
Wharton County calculates property taxes based on the assessed value of the property. To determine the assessed value, the county assesses the property at 100% of its market value, and then applies the appropriate tax rate.
For example, if a property in Wharton County has an assessed value of $100,000 and the tax rate is 2%, the property owner would owe $2,000 in property taxes for that year.
It is important to note that Wharton County may also have additional special assessments or fees that could affect the total amount owed in property taxes.
Overall, understanding property taxes and tax rates can be complicated, but it is important for property owners to stay informed and keep up with their tax obligations in a timely manner.
If you want appeal your property tax assessment - contact your local tax assessor.
Wharton County Property Tax Rates
Wharton County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.5834 |
| City | $0.5284 |
| School | $1.2164 |
| College | $0.1188 |
| Water Conservation | $0.005 |
| Hospital | $0.1992 |
These are the current property tax rates in Wharton County. The county tax rate is $0.5834 per $100 of assessed value, while the city tax rate is $0.5284 per $100 of assessed value. The school tax rate is $1.2164 per $100 of assessed value and the college tax rate is $0.1188 per $100 of assessed value. Additionally, there is a water conservation tax rate of $0.005 per $100 of assessed value and a hospital tax rate of $0.1992 per $100 of assessed value. It is important to keep these rates in mind when considering purchasing or owning property in Wharton County.
Who sets property tax rates in Wharton County ?
Who sets property tax rates in Wharton County?
Property tax rates in Wharton County are set by the Wharton County Commissioners Court. The Commissioners Court is composed of five elected officials: the County Judge and four Commissioners, each representing a specific precinct in the county.
When are property tax rates set in Wharton County?
Property tax rates in Wharton County are set annually during the budget process. The budget process typically begins in July and ends in September, with the Commissioners Court holding public hearings to gather input from taxpayers before adopting final tax rates. The adopted tax rates are then used to calculate property taxes due on January 31 of the following year.
It is important to note that property tax rates are just one factor in determining the amount of property taxes owed. The actual amount of property taxes owed is calculated by multiplying the taxable value of the property by the tax rate. The taxable value of the property is determined by the Wharton County Appraisal District.
Homestead exemptions in Wharton County ?
To help homeowners in Wharton County, Texas navigate the various Homestead exemptions and deductions available to them, we've created a table with four columns: exemption, eligibility, amount, and notes. This information is up-to-date as of 2021.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Primary residence | $25,000 | Applies to all homeowners |
| Over 65 Homestead | Primary residence, homeowner over 65 | $10,000 | Additional exemption for homeowners over 65 |
| Disability Homestead | Primary residence, homeowner with disability | $10,000 | Additional exemption for homeowners with disabilities |
| Disabled Veteran Homestead | Primary residence, veteran with service-related disability | 100% exemption of appraised value | Applies to veterans with a service-related disability rating of at least 10% |
| Surviving Spouse of Armed Forces Member Homestead | Primary residence, surviving spouse of member killed in action | $5,000 | Applies to surviving spouses of armed forces members killed in action |
It's important to note that eligibility requirements and exemption amounts may vary depending on individual circumstances. Homeowners in Wharton County should consult with the county assessor's office to determine their specific eligibility and exemption amounts.
Overall, taking advantage of Homestead exemptions and deductions can provide significant savings for homeowners in Wharton County, Texas.
When is Wharton County Property Tax due ?
Wharton County Property Tax is typically due on January 31st of each year. However, if the due date falls on a weekend or holiday, the deadline will be extended to the next business day.
There are several methods of payment available to Wharton County property owners. They can choose to pay their property tax bill in person at the Wharton County Tax Office, located at 100 S. Fulton St., Suite 101 in Wharton, Texas. They can also mail their payment to the same address or pay online through the Wharton County Tax Office website.
Accepted forms of payment include cash, check, money order, and credit card (online only). It is important to note that credit card payments are subject to a convenience fee.
Property owners in Wharton County also have the option to pay their property tax bill in installments. This is known as the "Quarterly Installment Payment Plan" and allows the property owner to make four equal payments throughout the year.
Overall, if you are a property owner in Wharton County, it is important to be aware of the property tax due date and payment options available to you.
If you have more questions - contact your local tax collector.
How is Wharton County Property Tax penalty calculated ?
Wharton County property taxes are assessed on the value of a property as determined by the Wharton County Appraisal District. Failure to pay property taxes by the specified deadline results in the imposition of penalties and interest charges.
The penalty calculation is based on the owed tax amount and the number of months the payment is delinquent. The following table outlines the penalty rates:
| Months Delinquent | Penalty Rate |
|---|---|
| 1 | 6% |
| 2 | 7% |
| 3 | 8% |
| 4 | 9% |
| 5 | 10% |
| 6 | 12% |
For example, if a property owner owes $10,000 in property taxes and fails to pay by the specified deadline, the penalty rates would apply as follows:
- If the payment is one month late, the penalty would be 6% of $10,000, which is $600.
- If the payment is two months late, the penalty would be 7% of $10,000, which is $700.
- If the payment is three months late, the penalty would be 8% of $10,000, which is $800.
- And so on.
It's important for property owners to pay their property taxes on time to avoid the imposition of penalties and interest charges. Failure to pay property taxes can also result in the county filing a tax lien on the property or initiating foreclosure proceedings.
We recommend contacting the Wharton County Tax Office or a local tax professional for the most up-to-date and accurate information.