Tax Lawyers in Boone County
To pay for general services like police, schools, firefighters, libraries, and hospitals, the government of Boone County, Kentucky collects taxes.
Taxes in Boone County, Kentucky are derived from a wide number of sources. Regardless of the source, however, the amount that's taken is never arbitrary, and is always decided by law. A tax can come either in the form of a flat fee, or as a percentage of one's income, the value of a piece of property, or a sale.
Residents of Boone County are legally obligated to pay their taxes. Failure to do so can result in civil penalties, criminal fines, and even imprisonment.
Sources of Tax Dollars in Boone County, Kentucky
A wide number of activities are subject to taxation in Boone County, Kentucky, creating a large range of revenue sources. For example, cities usually impose a sales tax, charge fees for certain licenses, and collect tolls on roads and bridges.
Sales Tax: In Boone County, the sales tax is a tax that's added to the price of goods at the point of sale. Usually, you have to pay a city sales tax on top of whatever sales tax is levied by . Typically, the local sales tax is much smaller than the state tax, which is usually in the area of 5-8%, with the city tax most often being less than one percent.
Licensing Fees: The government of Boone County issues licenses for engaging in a wide number of different activities. Most often, they issue business licenses, which business owners must obtain before operating any type of business in city limit. The most important of this process is usually paying a fee. While these taxes are called "fees," instead of "taxes," they are functionally identical, and serve the same purpose (namely, raising revenue).
Bridge/Road Tolls: Some larger cities have tolls set up on every main highway that enters the city. Effectively, this amounts to a fee that you have to pay in order to enter Boone County, if it imposes such a toll. The idea is that visitors from outside the city enjoy many of the protections provided by the city government while they're there (such as protection by the police), and should pay at least a token sum to contribute to those services.
How Can a Boone County, Kentucky Tax Attorney Help?
In Boone County, Kentucky, tax law can get pretty complicated. Taxes are levied on a huge range of products and activities, and they are often calculated in perplexing ways. Also, many groups and individuals are subject to special tax breaks and exemptions, which might or might not apply to you.
Thus, it's extremely important that you obtain the advice of a qualified Boone County, Kentucky tax attorney if you have any tax law questions.