Homewood, Alabama Property Tax Law
In Homewood, Alabama, 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 attached to the land (such as buildings, trees, minerals, etc.).
Property taxes in Homewood, Alabama are determined as a percentage of the appraised value of the property. Property taxes are paid to the state or local government at regular (generally yearly) intervals.
Normally, the federal government does not collect property taxes anywhere in the U.S. Property taxes are gathered almost always by state and local authorities.
How Property Tax is Calculated in Homewood, Alabama
Homewood, Alabama calculates its property taxes by requiring property owners to pay a set percentage of the appraised value. While the property tax rate varies greatly across different parts of the country, they fall into the 1-5% range.
To levy this tax, Homewood, Alabama tax authorities must initially figure out how much a house or piece of land is worth.
Value, in some ways, is not an objective thing. For instance, your childhood home is likely worth much more to you than its simple market value. Nonetheless, the tax authorities use only objective factors in calculating a home's taxable value.
Thus, the people in charge of appraising the value of property in Homewood, Alabama have to consider only objective, factual criteria when calculating the value of a piece of land. These criteria include the state of the real estate market, the zoning of the land (which determines how it can be utilized), and any improvements that have been made to the land, among other things.
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How A Homewood, Alabama Property Tax Attorney Can Help.
The property tax system in Homewood, Alabama 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 you encounter a legal issue with your Homewood, Alabama property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the advice of a qualified tax attorney in Homewood, Alabama, however, the odds of encountering such a problem will be small.