From the PC Assessor 

Assessor reminds residents of tax deadlines

 


Phillips County Assessor Doug Kamery reminds taxpayers of a few upcoming deadlines: all persons owning, possessing or controlling taxable personal property with a total actual value greater than $7,700 (per owner, per county) on Jan. 1 are required to report the personal property to the assessor.

Completed declaration schedules are due by the extended date of June 15. A penalty in the amount of $50 or 15 percent of the taxes due (whichever is less) will be applied to your account.

If you fail to file a declaration schedule, the assessor will establish a taxable value based on the “best information available” and add a penalty of up to 25 percent of assessed value for any omitted property that is subsequently discovered.

Exemption for senior citizens

and disabled veterans

A property tax exemption is available to senior citizens, qualifying disabled veterans and the surviving spouses of senior citizens or disabled veterans who were previously granted the exemption. For those who qualify, 50 percent of the first $200,000 in actual value of their primary residence is exempted. The State pays the exempted portion of the property tax. Once approved, the exemption remains in effect for future years and the applicant need not reapply.

The deadline for both exemptions is July 1.

The General Assembly may eliminate funding for the senior citizen exemption or disabled veteran exemption at their discretion in any year that the budget does not allow for the reimbursement.

For more information on the qualifications of each exemption and to obtain either form contact Kamery at 221 S. Interocean Ave. in Holyoke, (970) 854-3151 or [email protected].

 

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