Property Tax Lawyers in Lansing
The government of Lansing, Michigan 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.
Property tax in Lansing, Michigan is derived by taking a percentage of the appraised value of the property in question. They are usually collected on an annual or monthly schedule.
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 Lansing, Michigan
Lansing, Michigan property taxes are usually calculated as a percentage of the value of the taxable property. Rates vary widely across the country, usually ranging from less than 1% at the low end, to about 5% at the high end.
To collect the property tax in a fair and consistent manner, Lansing, Michigan tax authorities need to have an objective formula for determining the value of land under its jurisdiction.
Value, in some ways, is not an objective thing. For example, your childhood home is probably worth much more to you than its simple market value. However, the tax authorities use only objective factors in calculating a home's taxable value.
With that in mind, the land appraisers in Lansing, Michigan look at various factors, including the state of the local real estate market, the square footage of the house, and the permissible use (zoning) of the land.
How A Lansing, Michigan Property Tax Attorney Can Help.
The property tax system in Lansing, Michigan can get pretty complicated. There are many reasons why you might run into a legal dispute regarding your property tax. For example, you may believe that the appraised value of your property was too high, increasing your tax burden unjustly. Or, the state might accuse you of failing to pay your property tax.
If one of these issues affects you and your property in Lansing, Michigan, you should make every effort to properly handle it. This can prevent small issues from growing into large ones. The best way to do this is to seek the advice of a good Lansing, Michigan tax attorney who specializes in property tax law.