Tax Lawyers in Lake Mary

The government of Lake Mary, Florida collects taxes from its residents in order to pay for basic public services, like police and fire departments, libraries, hospitals, and public transit.

In Lake Mary, Florida, there are several different sources of tax revenue. Irrespective of the source, however, taxes are always levied in amounts determined by the relevant laws. Typically, taxes are calculated as a percentage of something, such as income or home value. Sometimes, however, they are simply collected as a flat fee (usually in exchange for a license or permit).

Paying your taxes in Lake Mary is not optional. It is required by law. If you don't pay your taxes, you could face stiff fines, and even jail time.

Sources of Tax Dollars in Lake Mary, Florida

In Lake Mary, StateName>, taxes can come from a range of sources, such as sales tax, licensing fees, and bridge/road tolls.

Sales Tax: The sales tax imposed by Lake Mary is on top of the sales tax collected by the government of . Sales taxes are typically fairly small - about 5-7% at the state level, plus a city sales tax that's typically one percent or less.

Licensing Fees: Lake Mary issues licenses that are required to legally engage in specific activities. Most frequently, the purpose of these licenses is to raise revenue in the form of fees, making them similar to taxes. One of the most typical is the business license, which most businesses must obtain before operating.

Bridge/Road Tolls: Most major cities have tollbooths on all the major roads or highways that go into them. This effectively amounts to a tax paid to enter Lake Mary, ensuring that visitors to the city make at least a small contribution to paying for the city services that they will enjoy while there.

How Can a Lake Mary, Florida Tax Attorney Help?

In Lake Mary, Florida, many different laws and regulations govern taxes, making the theoretically simple task of determining one's tax liability pretty complicated. On top of that, there are many different breaks and exemptions that apply to specific types of groups and individuals, further complicating things.

If you have any legal issues with your taxes, you should pursue legal advice from a skilled and reputable tax attorney in Lake Mary, Florida.