Property Tax Lawyers in Chesapeake

Laws of Chesapeake, Virginia require all property owners to pay a tax on the value of their property. Property taxes exclusively apply to real property (as opposed to personal property). This encompasses land, buildings, and assets that are permanently or semi-permanently fixed to the land.

The property tax in Chesapeake, Virginia is simply a percentage of a piece of property's appraised value, paid to the state and/or local government on a periodic - normally annual - basis.

Typically, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Normally, property taxes are imposed by state and local governments.

How Property Tax is Calculated in Chesapeake, Virginia

Normally, Chesapeake, Virginia property taxes are decided as a percentage of the property's value. Tax rates differentiate widely, but they usually run from less than 1% up to about 5%.

To collect the property tax in a fair and consistent manner, Chesapeake, Virginia tax authorities need to have an objective formula for deciding the value of land under its jurisdiction.

Value is subjective in many respects. The home that you grew up in is likely worth more to you than its going market rate. Therefore, to ensure that property taxes are fair and uniform, tax collectors have to use purely objective factors when appraising property.

With that in mind, the land appraisers in Chesapeake, Virginia look at different factors, including the state of the local real estate market, the square footage of the house, and the permissible use (zoning) of the land.

How A Chesapeake, Virginia Property Tax Attorney Can Help.

The property tax system in Chesapeake, Virginia can get pretty difficult. There are numerous 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 contentions affects you and your property in Chesapeake, Virginia, 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 seasoned Chesapeake, Virginia tax attorney who concentrates in property tax law.