Property Tax Lawyers in Lihue
In Lihue, Hawaii, 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.).
Property tax in Lihue, Hawaii is derived by taking a percentage of the appraised value of the property in question. They are usually collected on an annual or monthly schedule.
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 Lihue, Hawaii
Property tax in Lihue, Hawaii almost always takes the form of a tax levied on the appraised value of the property in question. Property tax rates in the U.S. range from 0.2% to around 5% of the property's value.
In order to levy this tax, the tax authorities in Lihue, Hawaii must have an uniform formula for figuring out the value of a given piece of property.
As you probably know, value is not always objective. For instance, the owners of family heirlooms usually place far more value on them than their objective monetary value. So tax officials have to be careful to only use objective criteria in valuing property for tax purposes.
To this end, the Lihue, Hawaii 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 Lihue, Hawaii Property Tax Attorney Can Help.
The property tax system in Lihue, Hawaii can get pretty complicated. There are many reasons why you might run into a legal dispute regarding your property tax. For example, 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 affected by one of these, or any other, property tax legal issues in Lihue, Hawaii, you should deal with it properly. If you fail to do so, a relatively minor issue can become much more expensive and inconvenient than it might otherwise have been. So, the assistance of a good tax attorney in Lihue, Hawaii is highly useful in avoiding these issues in the first place, or handling them if they do arise.