Property Tax Lawyers in Wauwatosa

Laws of Wauwatosa, Wisconsin require all property owners to pay a tax on the value of their property. Property taxes only apply to real property (as opposed to personal property). This includes land, buildings, and assets that are permanently or semi-permanently attached to the land.

Property taxes in Wauwatosa, Wisconsin are calculated as a percentage of the appraised value of the property. Property taxes are paid to the state or local government at regular (often yearly) intervals.

Usually, the federal government does not collect property taxes anywhere in the U.S. Property taxes are collected almost exclusively by state and local authorities.

How Property Tax is Calculated in Wauwatosa, Wisconsin

Property tax in Wauwatosa, Wisconsin 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 levy this tax, Wauwatosa, Wisconsin tax authorities must first figure out how much a house or piece of land is worth.

As you probably know, value is not always objective. For instance, 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.

To that end, the Wauwatosa, Wisconsin 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.

How A Wauwatosa, Wisconsin Property Tax Attorney Can Help.

Wauwatosa, Wisconsin's property tax system is somewhat complicated. Legal disputes arising from property taxes can arise in a number of ways. For instance, the state might accuse a homeowner of failing to pay their property taxes, when they actually have. Conversely, a homeowner might believe that the value of their property was appraised inaccurately, resulting in a higher tax bill.

If you are involved in a property tax dispute with the tax authorities of Wauwatosa, Wisconsin, you should seek the advice of a Wauwatosa, Wisconsin tax attorney. Your attorney can help you prevent a small tax problem from turning into something much bigger and more expensive than it needs to be.