Tax Lawyers in Pikeville

To pay for general services like police, schools, firefighters, libraries, and hospitals, the government of Pikeville, Kentucky collects taxes.

Taxes in Pikeville, 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.

You are legally-obligated to pay your taxes in Pikeville. If you fail to pay your taxes, without a compelling reason, you are committing a crime, and may end up going to jail as a result.

Sources of Tax Dollars in Pikeville, Kentucky

A wide number of activities are subject to taxation in Pikeville, Kentucky, creating a considerable range of revenue sources. For example, cities typically impose a sales tax, charge fees for certain licenses, and collect tolls on roads and bridges.

Sales Tax: The sales tax imposed by Pikeville is on top of the sales tax collected by the government of . Sales taxes are typically fairly small - about 5-7% at the state level, plus a city sales tax that's typically one percent or less.

Licensing Fees: The city of Pikeville may require business owners to acquire a license from the local government before they begin operating within city limits. Typically, the main hurdle involved in obtaining one of these licenses is paying a fee to the city government. Although these payments are called "fees" as opposed to "taxes," they operate in the same way, and serve largely the same purpose, as taxes.

Bridge/Road Tolls: Many major cities have tollbooths on all the main roads or highways that go into them. This effectively amounts to a tax paid to enter Pikeville, ensuring that visitors to the city present at least a small contribution to paying for the city services that they will enjoy while there.

How Can a Pikeville, Kentucky Tax Attorney Help?

In Pikeville, Kentucky, the laws and regulations that govern the tax system are fairly intricate, even if determining one's tax rate is, in theory, a simple matter. Furthermore, there are many different exemptions, breaks, and deductions that can make the matter even more complex.

Thus, it's imperative that you obtain the counsel of a qualified tax lawyer in Pikeville, Kentucky if you think that you might need help with your local taxes.