Property Tax Lawyers in Boca Raton
In Boca Raton, Florida, the government imposes a tax (a legally-mandated payment made to the government) on real property. "Real property" is specified as any piece of land, or object permanently or semi-permanently fixed to the land (such as buildings, trees, minerals, etc.).
Boca Raton, Florida derives 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 Boca Raton, Florida
Usually, Boca Raton, Florida property taxes are decided as a percentage of the property's value. Tax rates differentiate widely, but they typically run from less than 1% up to about 5%.
In order to levy this tax, the tax authorities in Boca Raton, Florida must have an uniform formula for figuring out the value of a particular piece of property.
Value is subjective in many respects. The home that you grew up in is likely worth more to you than its going market rate. So, to ensure that property taxes are fair and uniform, tax collectors have to use purely objective factors when appraising property.
Therefore, the people in charge of appraising the value of property in Boca Raton, Florida have to consider only objective, factual criteria when calculating the value of a piece of land. These criteria include the state of the real estate market, the zoning of the land (which determines how it can be utilized), and any improvements that have been made to the land, among other things.
How A Boca Raton, Florida Property Tax Attorney Can Help.
The property tax system in Boca Raton, Florida can get pretty perplexing. There are various reasons why you might run into a legal dispute regarding your property tax. For instance, you may believe that the appraised value of your property was too high, increasing your tax burden unjustly. Or, the state might accuse you of failing to pay your property tax.
If you encounter a legal issue with your Boca Raton, Florida property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the guidance of a competent tax attorney in Boca Raton, Florida, however, the odds of encountering such a problem will be small.