Property Tax Lawyers in Oakwood

In Oakwood, Georgia, 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.).

Oakwood, Georgia measures 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 collect a property tax. Only state and local governments collect property taxes, as a general matter.

How Property Tax is Calculated in Oakwood, Georgia

Typically, Oakwood, Georgia property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they normally run from less than 1% up to about 5%.

In order to impose this tax, the government of Oakwood, Georgia first has to determine the taxable value of a piece of property.

Value, in some ways, is not an objective thing. For example, your childhood home is probably worth much more to you than its simple market value. However, the tax authorities use only objective factors in calculating a home's taxable value.

Consequently, the people in charge of appraising the value of property in Oakwood, Georgia 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 used), and any improvements that have been made to the land, among other things.

How A Oakwood, Georgia Property Tax Attorney Can Help.

Oakwood, Georgia's property tax system is somewhat intricate. Legal disputes arising from property taxes can arise in a number of ways. For instance, the state might accuse a homeowner of failing to pay their property taxes, when they truly have. Conversely, a homeowner might believe that the value of their property was appraised inaccurately, resulting in a higher tax bill.

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