Property Tax Lawyers in Biddeford

The government of Biddeford, Maine 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 affixed to a piece of land, including trees, oil, groundwater, minerals, and the like.

Biddeford, Maine derives property taxes simply by taking a percentage of the property's value. Usually, they are paid on a yearly or monthly basis.

Usually, the federal government does not collect property taxes anywhere in the U.S. Property taxes are gathered almost always by state and local authorities.

How Property Tax is Calculated in Biddeford, Maine

Biddeford, Maine calculates its property taxes by requiring property owners to pay a set percentage of the appraised value. While the property tax rate varies widely across different parts of the country, they fall into the 1-5% range.

In order to impose this tax, the government of Biddeford, Maine initially has to decide the taxable value of a piece of property.

Value, in some ways, is not an objective thing. For instance, your childhood home is likely worth much more to you than its simple market value. Nonetheless, the tax authorities use only objective factors in calculating a home's taxable value.

To this end, the Biddeford, Maine 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 Biddeford, Maine Property Tax Attorney Can Help.

The system of levying property taxes in Biddeford, Maine can get very perplexing. Disagreements about property taxes, between the taxpayer and the tax authorities, can come up in several different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Also, the state or city government might allege that you have failed to pay your property taxes, while you believe that you have.

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