Property Tax Lawyers in Independence
Independence, Missouri laws require that most owners of real property pay taxes on its value. "Real property" refers to building and land, and objects (like natural resources) that are permanently adhered to the land.
The property tax in Independence, Missouri is simply a percentage of a piece of property's appraised value, paid to the state and/or local government on a periodic - usually annual - basis.
Generally, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Usually, property taxes are imposed by state and local governments.
How Property Tax is Calculated in Independence, Missouri
Usually, Independence, Missouri property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they typically run from less than 1% up to about 5%.
To collect the property tax in a fair and consistent manner, Independence, Missouri 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.
To this end, the Independence, Missouri 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 Independence, Missouri Property Tax Attorney Can Help.
The property tax system in Independence, Missouri can get pretty complicated. There are several 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 Independence, Missouri, 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 Independence, Missouri tax attorney who specializes in property tax law.