Q: When are Spencer County property taxes due?
A: Property taxes are due in two installments - the spring installment is due May 10th and the fall installment is due November 10th for the current tax year.
Q: What homestead credit is available and how do I apply?
A: The Standard Homestead Credit reduces your assessed value and must be applied for through the Spencer County Assessor's office before April 1st of the assessment year. Applications must be refiled every even-numbered year to maintain eligibility.
Q: Are there additional tax credits for seniors or disabled residents?
A: Yes, residents who are 65 or older or 100% disabled may qualify for additional homestead exemptions beyond the standard credit. These require separate applications filed with the County Assessor before April 1st.
Q: How does the homestead credit actually work?
A: Homestead credits primarily function by capping annual assessment increases rather than reducing market value. The credit limits how much your assessed value can increase each year, typically to no more than 10% annually, providing tax stability for long-term residents.
Q: How often are properties reassessed in Spencer County?
A: Spencer County conducts annual assessments with periodic general reassessments. Property owners receive assessment notices and have the right to appeal through the County Property Tax Assessment Board of Appeals.
Q: What happens if I pay my property taxes late?
A: Late payments are subject to penalties and interest charges. Unpaid taxes can eventually result in tax sale proceedings where the county sells the property to collect delinquent taxes.
Q: Can I pay my property taxes online?
A: Contact the Spencer County Treasurer's office to verify current online payment options and accepted payment methods for property tax payments.
Q: Why did my taxes increase even though tax rates stayed the same?
A: Tax increases can occur due to rising assessed values, loss of previous credits/exemptions, or changes in special district assessments. New special districts or bond issues can also add to your total tax rate.
Q: Do I need to reapply for tax credits each year?
A: Most tax credits and exemptions require reapplication every even-numbered year (2024, 2026, etc.) with the Spencer County Assessor's office to maintain eligibility.
Q: How do special taxing districts affect my property tax bill?
A: Special districts for schools, fire protection, libraries, and other services each add their own tax rates to your total bill. These rates vary significantly depending on your exact location within Spencer County and which services are provided by special districts versus general county government.
