Tax Lawyers in Montrose

The government of Montrose, Colorado collects taxes from its residents in order to pay for general public services, like police and fire departments, libraries, hospitals, and public transit.

Taxes in Montrose, Colorado are derived from a wide number of sources. Regardless of the source, however, the amount that's taken is never arbitrary, and is always decided by law. A tax can come either in the form of a flat fee, or as a percentage of one's income, the value of a piece of property, or a sale.

In case you were wondering, paying your taxes in Montrose is mandatory. The law states it. So, if you don't pay your taxes, with extremely few exceptions, you are guilty of a crime, and will be punished accordingly.

Sources of Tax Dollars in Montrose, Colorado

Taxes can come from a wide number of sources in Montrose, Colorado, such as sales tax, administrative/licensing fees, and tolls.

Sales Tax: In Montrose, the sales tax is a tax that's added to the price of goods at the point of sale. Typically, you have to pay a city sales tax on top of whatever sales tax is levied by . Normally, the local sales tax is much smaller than the state tax, which is typically in the area of 5-8%, with the city tax most often being less than one percent.

Licensing Fees: The city of Montrose may require business owners to acquire a license from the local government before they begin operating within city limits. Typically, the main hurdle involved in obtaining one of these licenses is paying a fee to the city government. Although these payments are called "fees" as opposed to "taxes," they operate in the same way, and serve largely the same purpose, as taxes.

Bridge/Road Tolls: Many larger cities in the U.S. charge tolls to enter the city via main highways or bridges. This amounts to a tax paid for the privilege of entering Montrose if it has such toll roads. Besides being a basic source of revenue, these tolls require visitors to the city, who will have many city services available to them while they visit, to pay at least some contribution to these services.

How Can a Montrose, Colorado Tax Attorney Help?

Tax Law in Montrose, Colorado is sometimes simple. More often than not, however, some wrinkle appears that makes determining one's tax liability more convoluted than it probably needs to be. Furthermore, many individuals and groups are legally entitled to tax breaks and deductions, which can make figuring out one's tax liability even more difficult.

Therefore, it's very important that you seek the advice of a knowledgeable Montrose, Colorado tax attorney if you have any type of issue involving local taxes.