Property Tax Lawyers in Powder Springs
In Powder Springs, 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.).
Powder Springs, Georgia calculates property taxes simply by taking a percentage of the property's value. Usually, 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 Powder Springs, Georgia
Usually, Powder Springs, Georgia 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%.
To levy this tax, Powder Springs, Georgia tax authorities must initially figure out how much a house or piece of land is worth.
In some ways, value is a subjective thing. For instance, the home in which you grew up is probably worth far more to you than its market value. To get around this, the government uses nothing but objective factors in deciding how much a piece of real property is worth.
To that end, the Powder Springs, Georgia employees in charge of appraising land look at objective facts to calculate value, like the size of the land and any buildings on it, the way in which the land may legally be utilized (zoning), and the health of the local real estate market.
How A Powder Springs, Georgia Property Tax Attorney Can Help.
The system of levying property taxes in Powder Springs, Georgia can get very perplexing. Disagreements about property taxes, between the taxpayer and the tax authorities, can come up in several different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Also, the state or city government might allege that you have failed to pay your property taxes, while you believe that you have.
If you encounter a legal issue with your Powder Springs, Georgia property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the advice of a competent tax attorney in Powder Springs, Georgia, however, the odds of encountering such a problem will be small.