Globe, Arizona Property Tax Law
In Globe, Arizona, 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 Globe, 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 (usually yearly) intervals.
Federal authorities do not collect a property tax. Only state and local governments collect property taxes, as a general matter.
How Property Tax is Calculated in Globe, Arizona
Usually, Globe, Arizona property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they typically run from less than 1% up to about 5%.
In order to levy this tax, the tax authorities in Globe, Arizona must have a uniform formula for figuring out the value of a given piece of property.
In some ways, value is a subjective thing. For example, 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 determining how much a piece of real property is worth.
With that in mind, the land appraisers in Globe, Arizona look at several factors, including the state of the local real estate market, the square footage of the house, and the permissible use (zoning) of the land.
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How A Globe, Arizona Property Tax Attorney Can Help.
Property tax law in Globe, Arizona is not always simple. Legal disagreements about property taxes can arise from almost any example. For instance, 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 proper amount.
If you encounter a legal issue with your Globe, Arizona property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the help of a competent tax attorney in Globe, Arizona, however, the odds of encountering such a problem will be small.