Property Tax Lawyers in Norfolk
The government of Norfolk, Massachusetts requires most individuals who own real property to pay taxes on its value. "Real property" refers to land and buildings, as well as anything else which is permanently fixed to a piece of land, including trees, oil, groundwater, minerals, and the like.
Norfolk, Massachusetts calculates property taxes simply by taking a percentage of the property's value. Usually, they are paid on a yearly or monthly basis.
In general, the federal government does not impose any property tax. Typically, property tax is imposed by state, county, and municipal governments.
How Property Tax is Calculated in Norfolk, Massachusetts
Usually, Norfolk, Massachusetts 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 collect the property tax in a fair and consistent manner, Norfolk, Massachusetts tax authorities need to have an objective formula for deciding the value of land under its jurisdiction.
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 this end, the Norfolk, Massachusetts appraiser will look at things like the state of the real estate market, the size of the land, the existence of additions to the land such as buildings, and the way in which the property is zoned.
How A Norfolk, Massachusetts Property Tax Attorney Can Help.
Property tax law in Norfolk, Massachusetts is not always simple. Legal disagreements about property taxes can arise from almost any instance. For example, you might have reason to suspect that the taxable value of your home was overestimated, creating a bigger property tax bill. And, the government might claim that you have underpaid your property taxes, while you think that you have paid the appropriate amount.
If you are affected by one of these, or any other, property tax legal issues in Norfolk, Massachusetts, you should deal with it correctly. If you fail to do so, a relatively minor issue can become much more costly and inconvenient than it might otherwise have been. So, the assistance of a reputable tax attorney in Norfolk, Massachusetts is highly useful in avoiding these issues in the first place, or handling them if they do arise.