Property Tax Lawyers in South Miami

In South Miami, 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 affixed to the land (such as buildings, trees, minerals, etc.).

South Miami, Florida measures property taxes simply by taking a percentage of the property's value. Normally, they are paid on a yearly or monthly basis.

Normally, the federal government does not collect property taxes anywhere in the U.S. Property taxes are collected almost exclusively by state and local authorities.

How Property Tax is Calculated in South Miami, Florida

South Miami, Florida calculates its property taxes by requiring property owners to pay a set percentage of the appraised value. While the property tax rate varies greatly across different parts of the country, they fall into the 1-5% range.

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

In many ways, the value of a piece of land is relative. After all, many people ascribe sentimental value to their homes, which goes well beyond its market value. To ensure that the system is fair, the government uses only objective standards to determine value.

To this end, the South Miami, Florida 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 South Miami, Florida Property Tax Attorney Can Help.

Property tax law in South Miami, Florida is not always simple. Legal disagreements about property taxes can arise from almost any situation. For instance, you might have reason to suspect that the taxable value of your home was overestimated, creating a bigger property tax bill. And, the government might claim that you have underpaid your property taxes, while you think that you have paid the correct amount.

If you run into any issue with your South Miami, Florida property taxes, failing to handle it properly can result in anything from unnecessary inconvenience to massive fines and tax penalties. However, with the help of a South Miami, Florida tax attorney, your chances of running into a property tax problem can be minimized.