Valley, Alabama Property Tax Law
In Valley, Alabama, 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.).
Property taxes in Valley, Alabama are measured as a percentage of the appraised value of the property. Property taxes are paid to the state or local government at regular (usually yearly) intervals.
The federal government almost never imposes property taxes directly. Property taxes are collected nearly exclusively by state, county, and local governments.
How Property Tax is Calculated in Valley, Alabama
Typically, Valley, Alabama property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they normally run from less than 1% up to about 5%.
In order to impose this tax, the government of Valley, Alabama first has to determine the taxable value of a piece of property.
Value is subjective in many respects. The home that you grew up in is probably worth more to you than its going market rate. Thus, to ensure that property taxes are fair and uniform, tax collectors have to use purely objective factors when appraising property.
Consequently, the people in charge of appraising the value of property in Valley, 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 used), and any improvements that have been made to the land, among other things.
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How A Valley, Alabama Property Tax Attorney Can Help.
The property tax system in Valley, Alabama can get pretty intricate. 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 Valley, Alabama, 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. Thus, the assistance of a knowledgeable tax attorney in Valley, Alabama is highly useful in avoiding these issues in the first place, or handling them if they do arise.