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Understanding your personal property tax payments, how your state, city or county uses them, ... Calculate the property tax: 15/1000 x 500,000 = $7,500.
Amherst County is served by Amherst County Public Schools, which operates one central high school, two middle schools, and several elementary schools. [16] Temple Christian School is a private school located on the grounds of Temple Baptist Church. [17] Sweet Briar College is also located in Amherst County, just south of the town of Amherst.
The average property tax rate is 0.56%, one of the lowest rates in the country. The average homeowner will pay around $1,707 - more than $1,000 less than the national average.
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
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However, you won’t get a personal property tax bill until the end of the year. If you file after March 1, the county may charge you a late fee. The fee will depend on the value of your vehicle.
Non-profits enjoy the same level of service the rest of the residents of the given city or county enjoy. It is argued that asking some, or all, nonprofits to pay taxes, either voluntarily, or via statutory measures, would help offset some of these costs and ease the strain on local budgets. [18]
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related to: amherst county personal property tax