Property Tax Lawyers in Old Saybrook
In Old Saybrook, Connecticut, 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.).
Old Saybrook, Connecticut determines property taxes simply by taking a percentage of the property's value. Usually, they are paid on a yearly or monthly basis.
Generally, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Usually, property taxes are imposed by state and local governments.
How Property Tax is Calculated in Old Saybrook, Connecticut
Property tax in Old Saybrook, Connecticut 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.
To collect the property tax, the authorities of Old Saybrook, Connecticut have to first determine the value of a particular 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 Old Saybrook, Connecticut 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 Old Saybrook, Connecticut Property Tax Attorney Can Help.
The system of levying property taxes in Old Saybrook, Connecticut can get fairly complex. Disputes about property taxes, between the taxpayer and the tax authorities, can come up in several different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Also, the state or city government might allege that you have failed to pay your property taxes, while you believe that you have.
If you are involved in a property tax dispute with the tax authorities of Old Saybrook, Connecticut, you should seek the advice of an Old Saybrook, Connecticut 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.