Rate Breakdown

Property taxes in Stewart County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Stewart County

Property tax in Stewart County, Tennessee, is an ad valorem tax levied on real and personal property. The tax is based on the assessed value of the property, which is typically a percentage of its market value. The assessed value is determined by the Stewart County Assessor's Office and is usually expressed as a percentage of the property's market value.

The millage rate, or tax rate, is set by the Stewart County Commission and is applied to the assessed value of the property to determine the tax liability. The millage rate includes the rates for all local governments, including the county, schools, and municipalities.

The assessment process typically involves the following steps:

• Property owners are required to file a tax return with the Stewart County Assessor's Office, which includes information about their property.
• The Assessor's Office reviews the tax return and determines the assessed value of the property.
• The assessed value is then multiplied by the millage rate to determine the tax liability.

Available Exemptions

Tennessee offers several exemptions to eligible property owners, including:

• Homestead Exemption: This exemption is available to owner-occupants of their primary residence and can reduce the assessed value of the property by up to $2,500.
• Senior Citizen Exemption: This exemption is available to individuals who are 65 years of age or older and can reduce the assessed value of the property by up to $2,500.
• Disability Exemption: This exemption is available to individuals who are disabled and can reduce the assessed value of the property by up to $2,500.
• Veteran Exemption: This exemption is available to veterans who have been honorably discharged and can reduce the assessed value of the property by up to $2,500.

Payment Schedule & Deadlines

Property tax payments in Stewart County are due on November 1st of each year. The payment schedule is as follows:

• First installment: Due on November 1st.
• Second installment: Due on February 1st.
• Payment extensions are available, but penalties and interest will be applied to late payments.
• Late payments will incur a penalty of 1.5% per month, plus interest at the rate of 10% per annum.

Appealing Your Assessment

If you disagree with your property assessment, you may appeal to the Stewart County Board of Equalization. The appeals process typically involves the following steps:

• Submit a written appeal to the Board of Equalization within 30 days of receiving the notice of assessment.
• The Board of Equalization will review your appeal and may schedule a hearing to discuss the matter.
• The Board of Equalization will make a determination based on the evidence presented and may adjust the assessment accordingly.

Please note that the appeals process is subject to change, and it's recommended that you contact the Stewart County Assessor's Office or the Board of Equalization for the most up-to-date information.