About Property Tax
1. What tax does the Monroe County Trustee collect?
The Trustee's Office acts as the collector of all county property taxes. Each municipality within Monroe County bills and collects for it's own city taxes. For information on a city property tax you must contact that city: Madisonville (423) 442-9416; Sweetwater (423) 337-6979; Tellico Plains (423) 253-2333; Vonore (423) 884-6211
2. When are property tax bills mailed out?
October 1st of each year, property tax bills are mailed to the owner of record (as of 1 January). If a deed change occurs after the first of the year, a tax bill is mailed to the new owner of the property as a courtesy. New owners should contact their title company or review their closing statement to determine who is responsible for paying the taxes. Payment of property tax depends on when the property is transferred. Unpaid taxes continue to accrue against the property.
3. What time of year are property taxes due?
Taxes are due and payable from the first Monday of October through 28 February of the following year without penalties or interest.
4. What happens if I miss the tax payment deadline?
From the first day of each month beginning 1 March, interest and penalty of 1.5 percent per month (18 percent annually) 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. For mail-in payments, office meter dates are not accepted. On line property tax payments made through the BIS system are recognized by the county as paid on the date and time of the on line transaction.
5. Where can my tax bill be paid in person?
The trustee's office is located in the J.P. Kennedy Building (beside the courthouse, 103 College Street, Madisonville, TN. Our office hours are 8:30 a.m. - 4:30 p.m.; Monday, Tuesday, Thursday and Friday and 8:30 a.m. - 12:00 p.m. Wednesday and Saturday. Outside the entrance to our office, there is a secured night deposit box for drop off payments.
Property tax bills are mailed to the owner as shown on the records of the Monroe County Tax Assesor. If a deed change occurs after the first of the year, a tax bill may be mailed to the new owner of the property as a courtesy. New owners who do not receive a tax bill should contact the Monroe County Tax Assessor's Office (423-442-3637)7. Who is responsible for paying the property tax?
The tax is assessed against the owner of the record as of January 1 of each tax year. If a change of ownership occurs during the tax year, the purchaser often assumes the responsibility to pay the tax when due. New owners should carefully review their closing statement or contact their title company to determine who is responsible for paying the tax8. What does the term "et ux" beside my husband's name on the property bill mean?
EtUx is a Latin phrase meaning "and wife." The phrase "et vir" means "and husband," et al means "and others."9. What do some of the terms on my tax bill mean? Check the online glossary section for definitions of terms on your tax bill.
1. Do the elderly, disabled or disabled veterans receive any discounts or exemptions? Eligibility requirements include: age/ disability; ownership/ residency; and income (except veterans and their eligible surviving spouses). 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. Income does not apply to disabled veterans or their surviving spouses. Reimbursements are given on all or part of the local taxes paid on property which the taxpayer owns and uses as his/her residence.
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 $12,980 for the year 2005. 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.
Applications for tax relief are available in the trustee's office. For more information, call our office at (423) 442-2920. Click here for more information about the Tax Relief Program
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.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 (423) 442-3637.
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, and can not be involved in the appraisal process. 3. What is the appeal process? Appointments can be made by contacting the Monroe County Tax assessor's office at 423-442-3637. 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.Collection of Delinquent Taxes
1. Does the trustee accept payment for delinquent taxes?? Taxes are due and payable from the first Monday in October of the current tax year through February 28th of the following year, at which time they become delinquent. Delinquent taxes (plus statutory interest and penalty) may still be paid at the office of the trustee for one year past the delinquent date. Thereafter, the trustee's office is required by Tennessee law to turn a list of the delinquent taxes over to the Monroe County Delinquent Tax Attorney who is charged with the responsibility of filing a lawsuit to collect the delinquent tax. Once the delinquent tax list is filed, the trustee's office can no longer accept payment of the delinquent tax.
2. What happens if my tax is turned over to the delinquent tax attorney for collection? The delinquent tax attorney will file a lawsuit in the Chancery Court for Monroe County, Tennessee against those persons and properties shown on the delinquent tax list. Additional penalties and costs will be imposed and ultimately the property can be sold at a delinquent tax sale. If you believe there may be delinquent taxes owed against your property, you should immediately contact the Monroe County Chancery Court Clerk and Master (423-442-2644). Failure to pay delinquent property taxes may result in the sale of your property at the delinquent tax sale
3. Where and when will the auction/sale be advertised? Local newspapers.4. How can I get information about the delinquent tax sale? The delinquent tax sale is conducted by the Chancery Court's Clerk and Master pursuant to the orders of that court. For information about the delinquent tax sale and/or redemption rights contact the Monroe County Clerk and Master (423-442-2644)
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