Property Tax Lawyers in Prince Georges County

The government of Prince Georges County, Maryland requires most people 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 attached to a piece of land, including trees, oil, groundwater, minerals, and the like.

Prince Georges County, Maryland measures property taxes simply by taking a percentage of the property's value. Normally, they are paid on a yearly or monthly basis.

Normally, the federal government does not collect property taxes anywhere in the U.S. Property taxes are collected almost exclusively by state and local authorities.

How Property Tax is Calculated in Prince Georges County, Maryland

Prince Georges County, Maryland property taxes are normally calculated as a percentage of the value of the taxable property. Rates vary widely across the country, normally ranging from less than 1% at the low end, to about 5% at the high end.

In order to levy this tax, the tax authorities in Prince Georges County, Maryland must have an uniform formula for figuring out the value of a given piece of property.

In many ways, the value of a piece of land is relative. After all, many people ascribe sentimental value to their homes, which goes well beyond its market value. To ensure that the system is fair, the government uses only objective standards to determine value.

To this end, the Prince Georges County, Maryland 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 Prince Georges County, Maryland Property Tax Attorney Can Help.

In Prince Georges County, Maryland, property taxes can become pretty difficult. Legal disputes can arise in the property tax context, even if there is no wrongdoing, and the dispute arises from an honest misunderstanding. You might have a good reason to suspect that a mistake was made when your property was appraised, resulting in a higher tax bill than you believe you legally owe, for example.

If you run into any issue with your Prince Georges County, Maryland property taxes, failing to handle it properly can result in anything from unnecessary inconvenience to massive fines and tax penalties. However, with the help of a Prince Georges County, Maryland tax attorney, your chances of running into a property tax problem can be minimized.