Tax Lawyers in Storrs

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

In Storrs, Connecticut, there are several different sources of tax revenue. Irrespective of the source, however, taxes are always levied in amounts determined by the relevant laws. Typically, taxes are calculated as a percentage of something, such as income or home value. Sometimes, however, they are simply collected as a flat fee (usually in exchange for a license or permit).

Everyone in Storrs is required by law to pay the taxes they owe. If you fail to do this, you could end up facing jail time.

Sources of Tax Dollars in Storrs, Connecticut

In Storrs, StateName>, taxes can come from a range of sources, such as sales tax, licensing fees, and bridge/road tolls.

Sales Tax: In Storrs, 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 government of Storrs issues licenses for engaging in a wide variety of different activities. Most frequently, they issue business licenses, which business owners must obtain before operating any type of business in city limit. The most important of this process is usually paying a fee. While these taxes are called "fees," instead of "taxes," they are functionally identical, and serve the same purpose (namely, raising revenue).

Bridge/Road Tolls: Many larger cities in the U.S. charge tolls to enter the city via major highways or bridges. This amounts to a tax paid for the privilege of entering Storrs if it has such toll roads. Besides being a general 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 Storrs, Connecticut Tax Attorney Help?

In Storrs, Connecticut, the laws and regulations that govern the tax system are fairly intricate, even if determining one's tax rate is, in theory, a simple matter. Additionally, there are many different exemptions, breaks, and deductions that can make the matter even more complex.

Thus, if you have any questions or problems with your taxes in Storrs, Connecticut, it's very important to speak with a knowledgeable Storrs tax law specialist.