Example of Whiteside County Property Tax Calculation
Property taxes in Whiteside County are calculated based on the assessed value of the property. This value is determined by the County Assessor's Office and is based on factors such as property size and location.
Once the assessed value is determined, it is multiplied by the county's tax rate. For example, if the assessed value of a property is $100,000 and the tax rate is 1%, then the property tax owed would be $1,000.
It's important to note that property taxes also vary depending on which municipality the property is located in. So, for example, a property located in the city of Sterling may have a different tax rate than a property located in the village of Tampico.
Property taxes are typically due twice a year, in June and September. Homeowners can pay their property taxes directly or through an escrow account with their mortgage lender.
Overall, calculating property taxes in Whiteside County may seem complicated, but it's an important part of owning a home and supporting local government services.
If you want appeal your property tax assessment - contact your local tax assessor.
Whiteside County Property Tax Rates
Below is a formatted table showing the current property tax rates for Whiteside County in US dollars per $100 of assessed value:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| County | $0.7892 |
| School District | $5.2843 |
| Municipal | $0.7475 |
| Fire Protection | $0.5544 |
| Township | $0.2972 |
| Special District | Varies |
It's important to note that special districts may have varying tax rates depending on their individual needs and budget requirements. Therefore, it's recommended to consult with a tax professional for more information on specific special districts in Whiteside County.
Who sets property tax rates in Whiteside County ?
Overview Property tax rates in Whiteside County, USA, are determined by a few different entities. Understanding who sets the rates and when they are established is essential for property owners in the county.
County Board The Whiteside County Board sets the property tax rates for the county. The board meets annually to review and adjust the rates. They typically hold a public hearing for input from taxpayers before making any final decisions.
Local Government Local governments within Whiteside County also have the authority to establish property tax rates for their respective areas. These include municipalities, townships, and school districts. They typically hold their own public hearings to gather input from taxpayers.
Timing Property tax rates are usually established annually. The Whiteside County Board typically approves the rates in November, with the local governments following suit in December. Property owners can expect to receive their tax bills in the early part of the following year.
Conclusion In summary, property tax rates in Whiteside County are established by the county board and local governments annually. Property owners should stay informed of any public hearings and be aware of the timing for tax bill payments to avoid any potential penalties or interest.
Homestead exemptions in Whiteside County ?
In Whiteside County, Illinois, Homestead exemptions and deductions are available to reduce property taxes for qualified individuals. Here are the details of all the county specific Homestead exemptions and deductions along with their eligibility criteria, exemption amount, and any important notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead | Primary residence of the homeowner in Whiteside County | Up to $6,000 | Must file application by July 1st of the assessment year |
| Senior | Primary residence of homeowners aged 65 or older | Up to $5,000 | Must file application by July 1st of the assessment year, income restrictions |
| Senior Freeze | Primary residence of homeowners aged 65 or older with household income less than $65,000 | Freeze of equalized assessed value | Must file application by March 1st of the assessment year, renewal required every year |
| Disabled Person | Primary residence of homeowners with disability | Up to $2,000 | Must file application by July 1st of the assessment year, proof of disability required |
| Veterans | Primary residence of honorably discharged veterans or the unmarried surviving spouse of a veteran | Up to $5,000 | Must file application by July 1st of the assessment year, proof of eligibility required |
Note that the Homestead exemption cannot be combined with any other exemption or assessment freeze. The Senior Freeze exemption will not reduce the amount of taxes paid, but it will freeze the assessed value of the property for tax purposes. All exemptions require the homeowner to be a legal resident of Whiteside County and to use the property as their primary residence.
It is recommended to contact the Whiteside County Assessor's Office for more information and to confirm eligibility and the application process for each exemption or deduction.
When is Whiteside County Property Tax due ?
Whiteside County Property Tax is typically due on June 4th of each year. This applies to both the first and second installment payments. However, if June 4th falls on a weekend or holiday, the due date will be extended to the next business day.
Payment methods for Whiteside County Property Tax include:
- Online: The county treasurer's website allows for online payments via electronic check or credit card.
- Mail: Payments can be mailed to the county treasurer's office with a check or money order.
- In-person: Payments can be made in person at the county treasurer's office with cash, check, or money order.
- Drop Box: A drop box is located outside the county treasurer's office for after-hours payments with checks or money orders.
It's important to note that if the property owner fails to pay the first installment by the due date, the entire tax bill becomes due on September 4th. Additionally, delinquent property taxes may result in penalties and interest being added to the amount owed.
If you have more questions - contact your local tax collector.
How is Whiteside County Property Tax penalty calculated ?
Whiteside County Property Tax Penalty Calculation
Whiteside County applies penalties to unpaid property taxes on a monthly basis, beginning on the first day of the month following the due date. The penalty rate is set by the Illinois Property Tax Code and is currently 1.5% per month.
Example:
Let's say that an individual in Whiteside County has property taxes due on March 1st, but they do not pay until May 15th. They would be subject to two months of penalties. To calculate the penalty amount, you would take the original amount due and multiply it by the penalty rate:
Original amount due: $2,000
Penalty rate: 1.5% per month
Penalty calculation: $2,000 x 3% (2 months x 1.5%) = $60
Therefore, the total amount due including penalties would be $2,060 ($2,000 + $60).
It is important to note that interest may also be applied to unpaid property taxes in addition to penalties. The interest rate is set by the Illinois Department of Revenue and is currently 0.5% per month. It is also important to pay property taxes on time to avoid penalties and interest charges.
Here is a table summarizing the penalty calculation:
| Month | Penalty Rate | Penalty Amount |
|---|---|---|
| March | 0% | $0 |
| April | 1.5% | $30 |
| May | 1.5% | $30 |
| Total | 3% | $60 |
In conclusion, unpaid property taxes in Whiteside County are subject to a monthly penalty rate of 1.5%, beginning on the first day of the month following the due date. It is essential to pay property taxes on time to avoid unnecessary penalties and interest charges.
We recommend contacting the Whiteside County Tax Office or a local tax professional for the most up-to-date and accurate information.