Property Tax Lawyers in Ridgeland
Ridgeland, 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 affixed to the land.
The property tax in Ridgeland, 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 Ridgeland, Mississippi
Ridgeland, Mississippi calculates its property taxes by requiring property owners to pay a set percentage of the appraised value. While the property tax rate varies greatly across different parts of the country, they fall into the 1-5% range.
In order to impose this tax, the government of Ridgeland, Mississippi first has to determine the taxable value of a 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.
Thus, the people in charge of appraising the value of property in Ridgeland, Mississippi have to consider only objective, factual criteria when calculating the value of a piece of land. These criteria include the state of the real estate market, the zoning of the land (which determines how it can be used), and any improvements that have been made to the land, among other things.
How A Ridgeland, Mississippi Property Tax Attorney Can Help.
Ridgeland, Mississippi's property tax system is somewhat convoluted. Legal disputes arising from property taxes can arise in a number of ways. For instance, the state might accuse a homeowner of failing to pay their property taxes, when they really have. Conversely, a homeowner might believe that the value of their property was appraised inaccurately, resulting in a higher tax bill.
If you run into any issue with your Ridgeland, Mississippi 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 Ridgeland, Mississippi tax attorney, your chances of running into a property tax problem can be minimized.