Property Tax Lawyers in Bay Harbor Islands

In Bay Harbor Islands, Florida, 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.).

Bay Harbor Islands, Florida determines property taxes simply by taking a percentage of the property's value. Normally, they are paid on a yearly or monthly basis.

Typically, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Normally, property taxes are imposed by state and local governments.

How Property Tax is Calculated in Bay Harbor Islands, Florida

Normally, Bay Harbor Islands, Florida property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they usually run from less than 1% up to about 5%.

In order to impose this tax, the government of Bay Harbor Islands, Florida first has to determine the taxable value of a piece of property.

As you probably know, value is not always objective. For instance, the owners of family heirlooms normally 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.

To that end, the Bay Harbor Islands, Florida employees in charge of appraising land look at objective facts to determine value, like the size of the land and any buildings on it, the way in which the land may legally be used (zoning), and the health of the local real estate market.

How A Bay Harbor Islands, Florida Property Tax Attorney Can Help.

The system of levying property taxes in Bay Harbor Islands, Florida can get fairly difficult. Disputes about property taxes, between the taxpayer and the tax authorities, can come up in many different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Furthermore, 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 immersed in a property tax dispute with the tax authorities of Bay Harbor Islands, Florida, you should seek the help of a Bay Harbor Islands, Florida 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.