Property Tax Lawyers in Newnan
In Newnan, Georgia, 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 attached to the land (such as buildings, trees, minerals, etc.).
Newnan, Georgia calculates property taxes simply by taking a percentage of the property's value. Typically, they are paid on a yearly or monthly basis.
Federal authorities do not gather a property tax. Only state and local governments gather property taxes, as a general matter.
How Property Tax is Calculated in Newnan, Georgia
Typically, Newnan, Georgia property taxes are decided as a percentage of the property's value. Tax rates differentiate widely, but they normally run from less than 1% up to about 5%.
In order to impose this tax, the government of Newnan, Georgia initially has to decide the taxable value of a piece of property.
Value, in some ways, is not an objective thing. For instance, your childhood home is likely worth much more to you than its simple market value. Nonetheless, the tax authorities use only objective factors in calculating a home's taxable value.
To this end, the Newnan, Georgia appraiser will look at things like the state of the real estate market, the size of the land, the existence of additions to the land such as buildings, and the way in which the property is zoned.
How A Newnan, Georgia Property Tax Attorney Can Help.
The property tax system in Newnan, Georgia can get pretty confusing. There are numerous 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 are engaged in a property tax dispute with the tax authorities of Newnan, Georgia, you should seek the assistance of a Newnan, Georgia 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.