Florence, Alabama Property Tax Law
In Florence, Alabama, the government imposes a tax (a legally-mandated payment made to the government) on real property. "Real property" is specified as any piece of land, or object permanently or semi-permanently fixed to the land (such as buildings, trees, minerals, etc.).
Property taxes in Florence, Alabama are measured as a percentage of the appraised value of the property. Property taxes are paid to the state or local government at regular (typically yearly) intervals.
Typically, the federal government does not collect property taxes anywhere in the U.S. Property taxes are gathered almost always by state and local authorities.
How Property Tax is Calculated in Florence, Alabama
Florence, Alabama calculates its property taxes by requiring property owners to pay a set percentage of the appraised value. While the property tax rate varies considerably across different parts of the country, they fall into the 1-5% range.
In order to impose this tax, the government of Florence, Alabama initially has to decide the taxable value of a piece of property.
Value, in some ways, is not an objective thing. For instance, your childhood home is likely worth much more to you than its simple market value. Nonetheless, the tax authorities use only objective factors in calculating a home's taxable value.
To this end, the Florence, Alabama appraiser will look at things like the state of the real estate market, the size of the land, the existence of additions to the land such as buildings, and the way in which the property is zoned.
Find a Florence Lawyer that Specializes in Your Area of Need:
How A Florence, Alabama Property Tax Attorney Can Help.
The property tax system in Florence, Alabama can get pretty confusing. There are various reasons why you might run into a legal dispute regarding your property tax. For instance, you may believe that the appraised value of your property was too high, increasing your tax burden unjustly. Or, the state might accuse you of failing to pay your property tax.
If one of these concerns affects you and your property in Florence, Alabama, you should make every effort to correctly handle it. This can keep small issues from growing into large ones. The best way to do this is to seek the advice of a reliable Florence, Alabama tax attorney who concentrates in property tax law.