Q: When are property taxes due for the current fiscal year?
A: For FY 2024-2025, taxes are due quarterly: April 30, 2024; July 31, 2024; October 31, 2024; and January 31, 2025. You can also pay the full annual amount by January 31, 2025.
Q: What tax credits are available and do they require application?
A: The primary credits include the $100,000 homestead exemption for school taxes, an additional $10,000 exemption for residents 65+ or disabled, and potential disabled veteran exemptions. All credits require application - none are automatic. Applications must be filed with the Somervell County Appraisal District.
Q: How does the homestead exemption work?
A: The homestead exemption provides two benefits: it reduces your taxable value by $100,000 for school district taxes, and it caps your annual assessment increases at 10%. You must file an application with the appraisal district - it's not automatic when you buy a home.
Q: When is the deadline to apply for exemptions?
A: Applications for exemptions must be filed by April 30 following the tax year, though late applications may be accepted with good cause. Apply as soon as possible after purchasing a home or becoming eligible.
Q: How often are properties reassessed?
A: Properties are reassessed annually by the Somervell County Appraisal District. However, homestead properties are protected by a 10% annual increase cap (requires homestead application).
Q: What are the penalties for late payment?
A: Late payments incur penalties and interest. Penalties start at 6% for payments 1-30 days late, increasing to 12% for payments over 30 days late, plus annual interest charges.
Q: Can I pay property taxes online?
A: Yes, Somervell County offers online payment options through the Tax Assessor-Collector's website. Credit card payments may incur convenience fees.
Q: How do special district taxes affect my bill?
A: Your location determines which special districts serve your property (emergency services, hospital district, etc.). Each district adds its own rate to your total tax bill. Rural properties may have different district combinations than properties within city limits.
Q: How do I appeal my property assessment?
A: File a protest with the Somervell County Appraisal Review Board by May 31 (or within 30 days of receiving your notice, whichever is later). You can protest online, by mail, or in person.
Q: What happens if I don't pay property taxes?
A: Unpaid taxes become a lien on your property. After taxes become delinquent (after January 31), the county can eventually foreclose on the property to collect unpaid taxes, penalties, and interest.
