Property Tax Lawyers in Greenwood

Greenwood, Mississippi 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 Greenwood, Mississippi is simply a percentage of a piece of property's appraised value, paid to the state and/or local government on a periodic - normally annual - basis.

The federal government almost never imposes property taxes directly. Property taxes are collected nearly exclusively by state, county, and local governments.

How Property Tax is Calculated in Greenwood, Mississippi

Normally, Greenwood, Mississippi property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they usually run from less than 1% up to about 5%.

In order to impose this tax, the government of Greenwood, Mississippi first has to determine the taxable value of a piece of property.

As you probably know, value is not always objective. For instance, the owners of family heirlooms normally place far more value on them than their objective monetary value. So tax officials have to be careful to only use objective criteria in valuing property for tax purposes.

To that end, the Greenwood, Mississippi employees in charge of appraising land look at objective facts to determine value, like the size of the land and any buildings on it, the way in which the land may legally be used (zoning), and the health of the local real estate market.

How A Greenwood, Mississippi Property Tax Attorney Can Help.

The property tax system in Greenwood, Mississippi can get pretty convoluted. 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 you encounter a legal issue with your Greenwood, Mississippi property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the help of a qualified tax attorney in Greenwood, Mississippi, however, the odds of encountering such a problem will be small.