Example of Williamson County Property Tax Calculation
Williamson County property tax is calculated based on the assessed value of the property. For example, if a property is assessed at $300,000, and the tax rate is $0.50 per $100 of assessed value, the property tax would be $1,500 ($300,000 x 0.005). This tax amount is typically split into two payments due in January and July of each year. Property owners can expect to receive a tax bill in the mail several weeks prior to the due date. It's important to note that property tax rates can vary based on location and changes in government funding.
If you want appeal your property tax assessment - contact your local tax assessor.
Williamson County Property Tax Rates
Here are the Williamson County Property Tax rates for the current year, in a formatted table:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.5865 |
| City of Brentwood | $0.3160 |
| City of Fairview | $0.4375 |
| City of Franklin | $0.4170 |
| City of Nolensville | $0.4270 |
| City of Spring Hill | $0.6050 |
Please note that these rates are subject to change and may vary based on the specific property location and assessment. As a tax advisor, it is recommended to consult with a licensed professional for personalized advice regarding property taxes.
Who sets property tax rates in Williamson County ?
Property tax rates in Williamson County are set by the Williamson County Commissioners Court. This governing body meets regularly to discuss and make decisions about county policies, including property taxation. They typically set the tax rates annually in the fall, prior to the start of the fiscal year.
The Commissioners Court takes into consideration a variety of factors when determining the tax rates, including the county's budget needs, projected revenue from other sources, and the overall economic climate. They also seek input from the public and consider feedback during public hearings on the proposed tax rates.
Overall, the goal of the Commissioners Court is to balance the needs of the county with the financial burden on property owners, and to ensure that the tax rates are both fair and sustainable.
Homestead exemptions in Williamson County ?
To provide valuable information for homeowners in Williamson County, Illinois, we have created a table that includes all county-specific Homestead exemptions and deductions. This information will help you understand what exemptions and deductions are available, how to become eligible, and how much you could potentially save on your property taxes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Owner-occupied primary residence, proof of residency required | Up to $6,000 deduction from EAV | Applies to all townships in Williamson County |
| Senior Homestead | Owner-occupied primary residence, age 65 or older | Up to $5,000 deduction from EAV | Must apply annually to the Assessor's Office |
| Veterans | Owner-occupied primary residence, honorably discharged veteran | Up to $5,000 deduction from EAV | Must file a certificate of eligibility with the Assessor's Office |
| Disabled Persons | Owner-occupied primary residence, proof of disability required | Up to $2,000 deduction from EAV | Must provide a doctor's certificate stating that he or she is at least 51% disabled and unable to work full-time |
| Home Improvement | Owner-occupied primary residence, proof of improvements made | Up to $25,000 deduction from EAV | Applies to home improvements that increase the property's value |
| Natural Disaster | Owner-occupied primary residence, proof of damage sustained | Varies depending on extent of damage | Applies to properties damaged by natural disasters such as floods, tornadoes, and earthquakes |
Note that these exemptions are not automatic and require application with the Assessor's Office. Additionally, some exemptions may have income limitations or other eligibility criteria that must be met.
By taking advantage of these Homestead exemptions and deductions, you can potentially save thousands of dollars on your property taxes. Be sure to consult with the Williamson County Assessor's Office to determine which exemptions you are eligible for and to apply accordingly.
When is Williamson County Property Tax due ?
Williamson County Property Tax is typically due on January 31st of each year. However, residents have the option to pay their property taxes in installments without incurring penalties or interest.
There are several payment methods available to residents, including:
- Online Payment - Residents can pay their property taxes online through the Williamson County website. This option accepts credit/debit cards, electronic checks, or through a third-party bill pay system.
- In-Person Payment - Residents can pay their property taxes in person at the Williamson County Tax Office. This office accepts cash, checks, money orders, and credit/debit cards.
- Mail-in Payment - Residents can also pay their property taxes by mailing in a check or money order to the Williamson County Tax Office.
It is important to note that failure to pay property taxes on time can result in late fees, interest charges, and even legal action. Therefore, residents are encouraged to pay their property taxes on time and through a method that is convenient for them.
If you have more questions - contact your local tax collector.
How is Williamson County Property Tax penalty calculated ?
Williamson County Property Tax Penalty Calculation:
When property taxes are not paid by the due date, a penalty of 6% is added on the first day and an additional 1% is added for each month the payment is late. The penalty can accrue up to 12% over a 12-month period.
Here's an example:
Let's say that Mr. Smith owns a property in Williamson County with an annual property tax bill of $5,000. The due date for the property tax payment is January 31. However, Mr. Smith forgets to pay his taxes until April 30, three months after the due date.
The penalty calculation would be as follows:
- 6% penalty on the original $5,000 = $300
- Additional 1% penalty for each month late (3 months) = $150
- Total penalty = $450
- Total amount due (original tax + penalty) = $5,450
In summary, if you are a property owner in Williamson County, it's important to pay your property taxes on time to avoid penalties. If you do end up paying late, keep in mind that the penalty accrues monthly and can add up quickly.
We recommend contacting the Williamson County Tax Office or a local tax professional for the most up-to-date and accurate information.