Maricopa, Arizona Property Tax Law
In Maricopa, Arizona, 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 Maricopa, Arizona are calculated 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.
Federal authorities do not gather a property tax. Only state and local governments gather property taxes, as a general matter.
How Property Tax is Calculated in Maricopa, Arizona
Usually, Maricopa, Arizona property taxes are decided as a percentage of the property's value. Tax rates differentiate widely, but they typically run from less than 1% up to about 5%.
In order to levy this tax, the tax authorities in Maricopa, Arizona must have a uniform formula for figuring out the value of a particular piece of property.
As you probably know, value is not always objective. For example, the owners of family heirlooms usually place far more value on them than their objective monetary value. So tax officials have to be careful to only use objective criteria in valuing property for tax purposes.
There are many different ways to value property using objective factors. Generally, the appraiser in Maricopa, Arizona will consider the current state of the real estate market, the size of the property, any improvements (buildings, roads, etc.) that have been made on the property, and the manner in which the property may be legally utilized (zoning).
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How A Maricopa, Arizona Property Tax Attorney Can Help.
The system of levying property taxes in Maricopa, Arizona can get very perplexing. Disagreements about property taxes, between the taxpayer and the tax authorities, can come up in several different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Also, the state or city government might allege that you have failed to pay your property taxes, while you believe that you have.
If one of these issues affects you and your property in Maricopa, Arizona, 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 reputable Maricopa, Arizona tax attorney who concentrates in property tax law.