About Property Tax

 

General Property Questions

1. When are property tax bills mailed out?

Last week of September property tax bills are mailed to the owner of record (as of January 1).  New owners should contact their title company or review their closing statement to determine who is responsible for paying the taxes. A letter from the Trustee is inserted in each new deed explaining the procedure for obtaining a tax notice.

2. What time of year are property taxes due? Taxes are due and payable from 1 October through 28 February.

 

3. Are partial payments accepted for my taxes? No partial payments are accepted.

4. What happens if I miss the tax payment deadline?

From the first day of each month beginning March 1, interest and penalty, which accrues at the rate of 1.5 percent per month, is added to your tax amount.  If the Post Office fails to postmark your payment by the dates due, it is considered a late payment. This applies even if you mail your payment on time.  On line property tax payments made through the BIS system are recognized by the county as paid on the date of the on line transaction.

 

5. What time period do my annual taxes cover? The taxes that become payable October 1 cover the current calendar year.

6. Where can my tax bill be paid in person? The Trustee's office is located on the first floor of the Madison County Courthouse. Our office hours are 9:00 a.m. – 5:00 p.m. Monday through Friday.

 

7. What does the term "EtUx" beside my husband's name on the property bill mean? EtUx is a Latin phrase meaning "and wife." The phrase "EtVir" means "and husband," EtAl means "and others."

8. What do some of the terms on my tax bill mean? Check the online glossary section for definitions of terms on your tax bill.

9. Does my mortgage company get a copy of my tax bill mailed to them? No. It is the property owner's responsibility to forward tax bills to their mortgage company. Tax bills are mailed to the property owner to review the information.

 Back to Top

 

Exemptions

1. Do the elderly, disabled or disabled veterans receive any discounts or exemptions? Eligibility requirements include: age/ disability; ownership/ residency; and income. To apply for property tax relief you must meet these three basic criteria - these are described below. Reimbursements for the property taxes of low-income homeowners who are elderly or disabled are provided by the state of Tennessee. Reimbursements are given on all or part of the local taxes paid on property which the taxpayer owns and uses as his/her residence. These benefits are paid on the first $18,000 market value of the property. For the tax year 2004, this amount is $109.00. 

Age/ Disability
During the tax year for which they are applying, an applicant must turn 65 on or before December 31. In order to apply as a disabled homeowner, a person must have become disabled on or before December 31 of the year  An applicant may apply if they are awaiting a decision on their disability claim. The state office must receive the final decision by June 30 following the delinquency date. The final decision must indicate their disability began on or before December 31 of the tax year.

Ownership/ Residency
An applicant must be able to document that they had ownership of the taxable property during the tax year. Ownership may be documented by a tax bill/receipt, warranty deed, probated will, title or bill of sale for a mobile home.

Income Requirement (Elderly or Disabled Homeowners)
The combined annual income from all sources of all the living owners of record is required and cannot exceed the statutory limit set by the State of Tennessee which can change each year. Annual income from all sources shall include, but is not limited to, Social Security payments after the Medicare deduction, supplemental security income, retirement and pension benefits, veteran's benefits, worker's compensation, unemployment compensation, salaries and wages, alimony, total interest and total dividends. For income from a business, include only the net income or loss after expenses.

Disabled Veterans
Disabled veterans must have disability ratings at 100 percent. The disabilities must meet specific criteria under service connection, be combat - related or the result of being a prisoner of war for at least five months. For veterans who qualify, there is no income limit. Tax relief is paid on the first $140,000 of market value of the home.

Applications for tax relief are available in the trustee's office. For more information, call our office at (731) 423-6027.

 Back to Top

 

Reviewing Your Property Info

1. Is there a charge for reviewing information about my property? For an individual property, there is no charge for reviewing tax information.

 

2. Is my property information viewable by other people? Any individual or company is allowed to review it. Property tax information is public record.

Property Assessment

1. Where can I find information about the assessed value of my property? The county assessor is responsible for the appraisal and assessment of property. You may contact the county assessor's office at (731) 423-6063.

2. How are the county assessor's office and the trustee's office related? The county assessor is responsible for the appraisal and assessment of property, according to state law. The trustee's office is responsible for billing and collection of taxes based on assessments. The trustee has no authority over the amount of assessment, nor can she be involved in the appraisal process.

 

3. What is the appeal process? Appointments can be made by contacting the assessor's office. The appeal process begins in the county assessor's office by appearing before the Local Board of Equalization. This board meets annually during the first two weeks of June.

 

Tax Sale Information

1. What is a tax sale?

An auction of parcels of property that have delinquent taxes.

 

2. What is the date and time of the annual tax sale auction?

Semi-annual. For date, check with Chancery Court.

3. Where and when will the auction/sale be advertised?

Local newspaper/The Jackson Sun


4.  When are tax sales advertised?

The delinquent property tax sale list is advertised 21 days prior to the sale.

5. How and when do you register for the tax sale auctions? Registration begins approximately 30 minutes prior to sale. All sales are scheduled to begin at 10:00 a.m.

 

6. Is it possible to register by mail? No, you can't register by mail.

 

7. What type of payment is required at auction? Either cash or Cashier’s check on a local bank is required at the time of the sale.

 

8. What type of bidding process are used? This is an open public auction.

 

9. Will the sales be final? Yes, all sales are final at the auction.

 Back to Top

10. Will all other liens be cleared from the property as a result of the sale? Any liens that cannot be removed are mentioned in the Decree to sell property. These are generally E.P.A. or judgments obtained by the U.S. government. Property bought at a tax sale will generally have 1 to 3 years of additional taxes that should be paid only when a deed to the property has been given to buyer.

11. Is there a redemption period before I can take possession once a property is acquired through your tax sale,  If so, what is the redemption period? The new owner cannot take possession of the property until one year from the date the confirmation of sale is filed.

 

12. If there is a redemption period, does the investor earn interest during the redemption period? If so, what is the annual interest rate? There is an annual interest rate of 10 percent earned on the property during the redemption period.

 

13. If a foreclosure is necessary, will the county assist in this matter? No. The county does not assist with foreclosures.

 

14. Will I receive a document to verify the purchase? Will it be a deed or a certificate of lien? You will receive a receipt showing the amount you paid. At the end of the redemption period, the county will issue a deed.

 

15. Do you allow investors to invest at your tax sales without attending the tax sale? No.

16. Is a current list of available properties or liens available? A list is available at Chancery Court approximately 30 days prior to tax sale.

 

17. Is a copy of the county and state statutes and rules regarding the tax sale available for purchase? No.

18. Would you please place me on your mailing list if you have one? Yes, contact Chancery Court at (731) 423-6071.

 

19. Can I get a list of properties whose redemption period has already expired? There are no properties available.

 

20. When will the list of unsold /unbid-on property be available? There is rarely property remaining after an auction that hasn't been sold or bid on. If there is any property that was not sold or bid on, the one year redemption period applies to the county.

 Back to Top


Home FAQ About Property Tax Contact Us Map Tax Calculator