Property Tax Lawyers in Longmont
In Longmont, 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 Longmont, Colorado, property taxes are measured as a percentage of the land's value. They are most commonly 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 Longmont, Colorado
Longmont, Colorado property taxes are normally calculated as a percentage of the value of the taxable property. Rates vary widely across the country, normally ranging from less than 1% at the low end, to about 5% at the high end.
To collect the property tax, the authorities of Longmont, Colorado have to first determine the value of an individual piece of land.
Value, in some ways, is not an objective thing. For example, your childhood home is probably worth much more to you than its simple market value. However, the tax authorities use only objective factors in calculating a home's taxable value.
To this end, the Longmont, Colorado appraiser will look at things like the state of the real estate market, the size of the land, the presence of additions to the land such as buildings, and the way in which the property is zoned.
How A Longmont, Colorado Property Tax Attorney Can Help.
In Longmont, Colorado, property taxes can become pretty difficult. Legal disputes can arise in the property tax context, even if there is no wrongdoing, and the dispute arises from an honest misunderstanding. You might have a good reason to suspect that a mistake was made when your property was appraised, resulting in a higher tax bill than you believe you legally owe, for example.
If you are affected by one of these, or any other, property tax legal issues in Longmont, Colorado, 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. Therefore, the assistance of a brilliant tax attorney in Longmont, Colorado is highly useful in avoiding these issues in the first place, or handling them if they do arise.