Property Tax Lawyers in Fountain
In Fountain, Colorado, 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 affixed to the land (such as buildings, trees, minerals, etc.).
In Fountain, Colorado, property taxes are measured as a percentage of the land's value. They are most frequently paid annually. But in any case, they are paid at some set interval.
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 Fountain, Colorado
Property tax in Fountain, Colorado 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.
In order to levy this tax, the tax authorities in Fountain, Colorado must have an uniform formula for figuring out the value of a given piece of property.
As you probably know, value is not always objective. For instance, the owners of family heirlooms typically 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.
With that in mind, the land appraisers in Fountain, Colorado look at various factors, including the state of the local real estate market, the square footage of the house, and the permissible use (zoning) of the land.
How A Fountain, Colorado Property Tax Attorney Can Help.
Property tax law in Fountain, Colorado is not always simple. Legal disagreements about property taxes can arise from almost any situation. 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 correct amount.
If you encounter a legal issue with your Fountain, Colorado property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the assistance of a skilled tax attorney in Fountain, Colorado, however, the odds of encountering such a problem will be small.