Fountain Hills, Arizona Property Tax Law
In Fountain Hills, Arizona, 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 Fountain Hills, Arizona are calculated 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.
Federal authorities do not gather a property tax. Only state and local governments gather property taxes, as a general matter.
How Property Tax is Calculated in Fountain Hills, Arizona
Usually, Fountain Hills, Arizona property taxes are decided as a percentage of the property's value. Tax rates differentiate widely, but they typically run from less than 1% up to about 5%.
In order to levy this tax, the tax authorities in Fountain Hills, Arizona must have a uniform formula for figuring out the value of a particular piece of property.
In some ways, value is a subjective thing. For instance, the home in which you grew up is probably worth far more to you than its market value. To get around this, the government uses nothing but objective factors in deciding how much a piece of real property is worth.
To this end, the Fountain Hills, Arizona appraiser will look at things like the state of the real estate market, the size of the land, the existence of additions to the land such as buildings, and the way in which the property is zoned.
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How A Fountain Hills, Arizona Property Tax Attorney Can Help.
Property tax law in Fountain Hills, Arizona is not always simple. Legal disagreements about property taxes can arise from almost any instance. For example, you might have reason to suspect that the taxable value of your home was overestimated, creating a bigger property tax bill. And, the government might claim that you have underpaid your property taxes, while you think that you have paid the appropriate amount.
If you are involved in a property tax dispute with the tax authorities of Fountain Hills, Arizona, you should seek the advice of a Fountain Hills, Arizona 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.