Example of Worth County Property Tax Calculation
In Worth County, the property tax calculation is based on the value of the property. To determine the value of a property, an assessor will assess the property's market value, which is defined as the price a willing buyer would pay a willing seller in a fair and open market.
Once the market value is determined, the assessor will apply the county's assessment rate, which is currently set at 40%. This means that the taxable value of the property is 40% of the market value.
The next step is to determine the tax rate for the property. The tax rate is a percentage set by the county based on its budget and the total value of all properties in the county. For example, if the tax rate is 1%, the property owner will owe 1% of the taxable value of their property in property taxes.
To calculate the property tax for a property in Worth County, you would first multiply the market value by 40% to get the taxable value. Then, you would multiply the taxable value by the tax rate to get the annual property tax owed.
For example, if a property has a market value of $200,000 and the tax rate is 1.5%, the taxable value would be $80,000 ($200,000 x 40%). The annual property tax owed would be $1,200 ($80,000 x 1.5%).
It's important to note that property taxes may also be subject to additional fees and assessments, such as special assessments for infrastructure improvements or school district taxes.
If you want appeal your property tax assessment - contact your local tax assessor.
Worth County Property Tax Rates
The following table lists the Worth County Property Tax Rates:
| Tax | Rate per $100 of assessed value |
|---|---|
| County | $0.97 |
| City | $0.68 |
| School | $1.99 |
| State | $0.50 |
| Total | $3.14 |
These rates are subject to change and may vary based on specific property assessments. It is recommended to consult with a local tax professional for more information.
Who sets property tax rates in Worth County ?
Who sets property tax rates in Worth County?
The Worth County Board of Supervisors is responsible for setting the property tax rates for the county. They meet annually to review and approve the budget, which includes the property tax rates.
When are property tax rates set in Worth County?
The property tax rates for Worth County are set annually by the Board of Supervisors. The rates are typically set in late spring or early summer, after the budget has been reviewed and approved. However, it's important to note that property valuations may also impact the final tax rate, and these valuations are typically done earlier in the year.
Overview of Worth County property taxes:
Here's a quick overview of some key information related to property taxes in Worth County:
| Who sets the rates? | The Worth County Board of Supervisors |
| When are rates set? | Annually, typically in late spring or early summer |
| What impacts rates? | The county budget and property valuations |
| How are taxes paid? | Taxes are paid to the Worth County Treasurer |
| Important dates to know: | Property valuations are typically done in January, and taxes are due on September 1st (with a second half due March 1st of the following year). |
Homestead exemptions in Worth County ?
To help homeowners in Worth County, Georgia, this article will provide a table of all county-specific Homestead exemptions and deductions with their respective columns.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Standard Homestead Exemption | Owner-occupied, primary residence | $2,000 | Applies to all homeowners |
| Senior Citizen Homestead Exemption | 65 years or older, owner-occupied, primary residence | $4,000 | Must have total income less than $25,000 |
| Disabled Veteran Homestead Exemption | Honorably discharged, 100% service-related disability, owner-occupied, primary residence | $70,000 | Must have a letter from the Department of Veterans Affairs |
| Surviving Spouse Homestead Exemption | Spouse of deceased veteran, owner-occupied, primary residence | $50,000 | Must have a letter from the Department of Veterans Affairs |
It's important to note that these exemptions and deductions are specific to Worth County and may differ from other counties in Georgia. Homeowners should also check with their local tax assessor's office for any additional information or requirements.
By taking advantage of these exemptions and deductions, homeowners in Worth County can potentially save money on their property taxes.
When is Worth County Property Tax due ?
According to the Worth County Tax Assessor's Office, property taxes are typically due on December 20th of each year. The accepted payment methods include online payments, mail-in payments, in-person payments, and drop box payments.
| Payment Method | Details |
|---|---|
| Online Payments | Payments can be made using a credit card or e-check through the Worth County Tax Assessor's website. |
| Mail-in Payments | Payments can be made by mail using a check or money order payable to the Worth County Tax Assessor's Office. |
| In-person Payments | Payments can be made in person at the Worth County Tax Assessor's Office using cash, check, or money order. |
| Drop box Payments | Payments can also be dropped off at the Worth County Tax Assessor's Office using a drop box located outside the office. |
It is important to note that late payments may be subject to penalties and interest fees, so it is recommended to make payments on time. The Worth County Tax Assessor's Office is available to answer any questions or concerns regarding property tax payments.
If you have more questions - contact your local tax collector.
How is Worth County Property Tax penalty calculated ?
The Worth County Property Tax penalty is calculated based on the amount of tax owed and the number of days late. Here's an example of how it works:
Let's say John owns a property in Worth County and owes $1,000 in property taxes for the year. The due date for the taxes was January 31st, but John forgot to pay and now it's March 1st. The penalty for being one month late is 1% of the total tax owed, which in this case is $10.
If John continues to not pay, the penalty will increase each month. The table below shows the penalty rates for each month:
| Month | Penalty Rate |
|---|---|
| 1 | 1% |
| 2 | 2% |
| 3 | 3% |
| 4 | 4% |
| 5 | 5% |
| 6 | 6% |
| 7 | 7% |
| 8+ | 8% |
So, if John still hasn't paid by April 1st, his penalty will increase to 2% (or $20). And if he still hasn't paid by May 1st, his penalty will increase to 3% (or $30), and so on.
It's important to note that the Worth County Property Tax penalty is in addition to any interest charged on the unpaid balance. So, if John continues to not pay, he'll end up owing more and more each month. It's best to pay property taxes on time to avoid any penalties or additional fees.
We recommend contacting the Worth County Tax Office or a local tax professional for the most up-to-date and accurate information.