Example of White County Property Tax Calculation
Calculating White County Property Tax is a straightforward process. To determine the tax amount, the county tax assessor multiplies the assessed value of the property by the tax rate.
For example, if a home in White County has an assessed value of $100,000 and the tax rate is 1.5%, the property tax would be $1500.
It's important to note that the assessed value of the property is not the same as the market value. The county tax assessor determines the assessed value based on factors such as the size of the property, the location, and the condition of the home.
White County Property Tax is typically due in two installments throughout the year, with the first payment due on November 15th and the second due on May 15th of the following year.
Overall, White County Property Tax is a vital source of revenue for the county, which in turn funds vital services such as schools, roads, and emergency services for the benefit of the community.
If you want appeal your property tax assessment - contact your local tax assessor.
White County Property Tax Rates
The following table presents the White County Property Tax rates in a formatted table, with columns displaying the tax and the rate per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.65 |
| School | $1.09 |
| City | $0.45 |
| Special District | $0.20 |
It is important to note that these tax rates may vary based on the specific location and property type within White County. It is recommended to consult with a tax professional or the local government for more detailed and accurate information.
Who sets property tax rates in White County ?
Who sets property tax rates in White County?
The property tax rates in White County are set by the White County Board of Commissioners. This board is responsible for determining the millage rate, which is the amount of taxes that property owners in the county must pay based on the value of their property.
When are property tax rates set in White County?
The White County Board of Commissioners typically sets the property tax rates for the year during their regular meeting in August. Property owners in White County can expect to receive their property tax bills in the mail shortly after the rates have been set.
| Who sets property tax rates in White County? | The White County Board of Commissioners |
|---|---|
| When are property tax rates set in White County? | During the Board of Commissioners' regular meeting in August |
Homestead exemptions in White County ?
To help homeowners in White County, Illinois navigate Homestead exemptions and deductions, a table with columns for exemption, eligibility, amount, and notes has been created below:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Owner-occupied primary residence | Up to $6,000 assessed value reduction | Must apply by July 1st |
| Senior Citizen Homestead Exemption | Owner-occupied primary residence, age 65+ | Up to $5,000 assessed value reduction | Must apply by July 1st |
| Homestead Improvement Exemption | Owner-occupied primary residence making improvements | Up to $25,000 assessed value reduction | Must apply before work begins |
| Disabled Veterans' Homestead Exemption | Owner-occupied primary residence, honorably discharged veteran with service-connected disability | Up to $100,000 assessed value reduction | Must provide proof of disability |
| Returning Veterans' Homestead Exemption | Owner-occupied primary residence, served on active duty overseas after 9/11 | Up to $5,000 assessed value reduction | Must provide proof of service |
It's important to note that while these exemptions can provide significant savings, eligibility requirements and application deadlines vary. Homeowners in White County should consult with their county's assessor's office for more information and guidance on how to apply for these exemptions.
When is White County Property Tax due ?
According to the White County Treasurer's Office, property taxes are typically due on or before November 10th each year. Here are some payment methods available to White County residents:
Payment Methods:
| Payment Method | Description |
|---|---|
| Online | Residents can pay their property taxes online through the White County Treasurer's website using a credit or debit card. |
| Property tax payments can also be made by sending a check or money order through the mail to the White County Treasurer's Office. The address is available on the treasurer's website. | |
| In-Person | Residents can visit the White County Treasurer's Office in person to make their property tax payments using cash, check, or money order. The office is located in the White County Courthouse. |
It's important to note that late payments may result in penalties and interest charges. If you have any questions about your property tax payment, contact the White County Treasurer's Office for assistance.
If you have more questions - contact your local tax collector.
How is White County Property Tax penalty calculated ?
White County Property Tax Penalty Calculation
White County calculates property tax penalties based on a specific formula set by state law. The penalty calculation includes both interest charges and late fee charges, which are added to the original tax amount owed.
Interest Charges
The interest rate for delinquent property taxes in White County is set at 1% per month, starting from the due date. The interest charges accrue on a daily basis until the outstanding tax amount is paid in full. To calculate the interest charges for delinquent property taxes, the following formula is used:
Interest Charges = (Original Tax Amount x 0.01 x Months Delinquent)
For example, if a property owner owes $1,000 in property taxes and is 3 months delinquent in payment, the interest charges would be calculated as follows:
Interest Charges = ($1,000 x 0.01 x 3) = $30
Late Fee Charges
In addition to interest charges, White County also imposes late fees on delinquent property tax payments. The late fee charges are also set by state law and vary depending on the amount of the delinquent taxes. The late fee charges are as follows:
| Delinquent Tax Amount | Late Fee Charges |
|---|---|
| Less than $50 | $5 |
| $50 - $100 | $10 |
| $101 - $500 | $15 |
| $501 - $1,000 | $25 |
| $1,001 or more | $50 |
For example, if a property owner owes $1,000 in property taxes and is 3 months delinquent in payment, the late fee charges would be $25.
Total Penalty
To calculate the total penalty for delinquent property taxes in White County, the interest charges and late fee charges are added to the original tax amount owed. Using the same example as above, the total penalty would be calculated as follows:
Total Penalty = Original Tax Amount + Interest Charges + Late Fee Charges
Total Penalty = $1,000 + $30 + $25 = $1,055
In summary, White County property tax penalties are calculated based on the original tax amount owed, the number of months delinquent, and the specific late fee charges set by state law. Property owners should be aware of these penalties and strive to pay their taxes on time to avoid them.
We recommend contacting the White County Tax Office or a local tax professional for the most up-to-date and accurate information.