Chico, California Property Tax Law
In Chico, California, the government imposes a tax (a legally-mandated payment made to the government) on real property. "Real property" is defined as any piece of land, or object permanently or semi-permanently adhered to the land (such as buildings, trees, minerals, etc.).
In Chico, California, property taxes are measured as a percentage of the land's value. They are most often paid annually. But in any case, they are paid at some set interval.
Generally, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Usually, property taxes are imposed by state and local governments.
How Property Tax is Calculated in Chico, California
Property tax in Chico, California almost always takes the form of a tax levied on the appraised value of the property in question. Property tax rates in the U.S. range from 0.2% to around 5% of the property's value.
To collect the property tax in a fair and consistent manner, Chico, California tax authorities need to have an objective formula for determining the value of land under its jurisdiction.
Value is subjective in many respects. The home that you grew up in is probably worth more to you than its going market rate. So, to ensure that property taxes are fair and uniform, tax collectors have to use purely objective factors when appraising property.
To that end, the Chico, California employees in charge of appraising land look at objective facts to calculate value, like the size of the land and any buildings on it, the way in which the land may legally be used (zoning), and the health of the local real estate market.
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How A Chico, California Property Tax Attorney Can Help.
The property tax system in Chico, California can get pretty complicated. There are several reasons why you might run into a legal dispute regarding your property tax. For example, 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 you are affected by one of these, or any other, property tax legal issues in Chico, California, you should deal with it properly. If you fail to do so, a relatively minor issue can become much more expensive and inconvenient than it might otherwise have been. So, the assistance of a good tax attorney in Chico, California is highly useful in avoiding these issues in the first place, or handling them if they do arise.