Example of Winston County Property Tax Calculation
Winston County calculates property taxes based on the assessed value of the property. To find the assessed value, the county's tax assessor multiplies the property's fair market value by the assessment ratio, which is currently set at 10%.
For example, if a property's fair market value is $100,000, the assessed value would be $10,000 ($100,000 x 0.10).
To calculate the property tax, the county then multiplies the assessed value by the millage rate, which is set by the county's government.
If the millage rate is 50 mills (or 0.050), the property tax would be $500 ($10,000 x 0.050).
It's important to note that these figures are just for illustrative purposes and that actual property taxes in Winston County may vary depending on a variety of factors.
If you want appeal your property tax assessment - contact your local tax assessor.
Winston County Property Tax Rates
Winston County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | $0.58 |
| County Road and Bridge | $0.06 |
| Winston County Schools | $0.56 |
| Haleyville City Schools | $0.017 |
| Bear Creek Town Schools | $0.016 |
| Lynn Town Schools | $0.017 |
| Natural Bridge Town Schools | $0.017 |
The above table lists the property tax rates for Winston County. The County General tax rate is $0.58 per $100 of assessed value, while the County Road and Bridge tax rate is $0.06 per $100 of assessed value. The Winston County Schools tax rate is $0.56 per $100 of assessed value, while Haleyville City Schools, Bear Creek Town Schools, Lynn Town Schools, and Natural Bridge Town Schools all have tax rates ranging from $0.016 to $0.017 per $100 of assessed value. These rates may vary depending on the specific property location and other factors.
Who sets property tax rates in Winston County ?
Who sets property tax rates in Winston County?
The Winston County Board of Supervisors is responsible for setting property tax rates in Winston County. They do this during their annual budget meeting, which is typically held in August or September. The board considers several factors when setting the property tax rate, including the county's overall budget needs, projected revenue from other sources, and the assessed valuations of properties in the county.
When are property tax rates set in Winston County?
As mentioned above, property tax rates in Winston County are set during the county's annual budget meeting. This meeting is typically held in August or September, although the exact date may vary from year to year. Property owners in Winston County will receive a notice of their property tax assessment and the proposed tax rate for the upcoming year sometime after the budget meeting has been held. They will then have an opportunity to appeal their assessment if they believe it is incorrect.
Homestead exemptions in Winston County ?
To help Winston County, Alabama residents navigate the intricate world of Homestead exemptions and deductions, the following table includes all related information for each county-specific exemption and deduction.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Primary residence with an assessed value of up to $5,000 | Up to $5,000 | Residents must apply by December 31st of the tax year. |
| Senior Exemption | Age 65 or older, and primary residence with an assessed value of up to $15,000 | Up to $15,000 | Residents must apply by December 31st of the tax year. |
| Disability | Must be permanently and totally disabled, and primary residence | Up to $7,500 | Residents must apply by December 31st of the tax year. |
| Mortgage Interest | Primary residence with a mortgage | $2,000 | Must have owned and occupied the residence for at least six months of the tax year. The mortgage must also have been through a recognized lending institution. |
| Age 65 or Older | Age 65 or older, and primary residence with an assessed value of up to $5,000 | Up to $5,000 | Residents must apply by December 31st of the tax year. |
| Disabled | Must be permanently and totally disabled, and primary residence | Up to $5,000 | Residents must apply by December 31st of the tax year. |
| Surviving Spouse | Must be a surviving spouse of a previous homeowner, and primary residence | Up to $5,000 | Residents must apply by December 31st of the tax year. |
It's important to note that some of these exemptions and deductions may not be stackable or may have additional criteria not listed here. Additionally, residents should confirm with their local tax assessor's office for further information on eligibility and application procedures.
Navigating Homestead exemptions and deductions can be a confusing and sometimes daunting task, but by utilizing this table and consulting with local experts, Winston County residents can gain clarity and ensure they are taking advantage of all available benefits.
When is Winston County Property Tax due ?
Winston County Property Tax is typically due on October 1st every year. The tax bill is usually mailed in mid-September to property owners. The due date for payment is typically January 15th of the following year. However, if the due date falls on a weekend or holiday, the deadline is extended to the next business day.
There are several payment methods available for property owners to pay their property tax. These methods include:
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Online Payments: Property owners can make their payments online through the Winston County Treasurer's website using a credit/debit card or e-check. A convenience fee is charged for this service.
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Mail-in Payments: Property owners can also mail their payments to the Winston County Treasurer's office using a check or money order. The address is:
Winston County Treasurer P.O. Box 250 Double Springs, AL 35553
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In-person Payments: Property owners can visit the Winston County Treasurer's office in person to make their payments using cash, check, or money order. The office is open Monday through Friday from 8:00 am to 4:30 pm.
It is important to note that failure to pay property tax on time can result in penalties, interest, and even legal action. Therefore, property owners are advised to make timely payments to avoid any unnecessary fees or consequences.
If you have more questions - contact your local tax collector.
How is Winston County Property Tax penalty calculated ?
Winston County Property Tax Penalty Calculation
If you own a property in Winston County, Alabama, you will be required to pay property taxes. Failure to pay these taxes by the due date will result in a penalty being applied to the outstanding amount. The penalty for late payment is calculated as follows:
- A 1% penalty will be added to the unpaid taxes if the payment is made within 30 days of the due date.
- An additional 1% penalty will be added for each month the taxes remain unpaid, up to a maximum of 12%.
- Interest will also be charged on the outstanding amount at a rate of 12% per annum.
For example, if a property owner owes $1,000 in property taxes and fails to pay by the due date, they will be charged a penalty of $10 if the payment is made within 30 days. If the payment is not made for another two months, an additional 2% penalty ($20) will be added to the outstanding amount. The interest charged on the outstanding amount will also increase.
It is important to note that the penalty and interest charges can accumulate quickly, making it essential to pay property taxes on time. The Winston County Revenue Commissioner’s office will provide specific due dates and payment options to avoid these additional charges.
We recommend contacting the Winston County Tax Office or a local tax professional for the most up-to-date and accurate information.