Tax Lawyers in Guilford County

Guilford County, North Carolina has to gather taxes from its residents in order to pay for basic services that we've come to expect, like roads and schools.

In Guilford County, North Carolina, taxes can come from various different sources. However, they are always collected at a rate that has been set by the law. Taxes sometimes come in the form of flat fees, but most of them are collected as a percentage of some larger amount of money, such as the value of a piece of property, or income.

Residents of Guilford County are legally obligated to pay their taxes. Failure to do so can result in civil penalties, criminal fines, and even imprisonment.

Sources of Tax Dollars in Guilford County, North Carolina

There are a considerable number of different sources of tax revenue in Guilford County, North Carolina. They contain, among many others, sales tax, licensing fees, and road tolls.

Sales Tax: The sales tax imposed by Guilford County is on top of the sales tax collected by the government of . Sales taxes are typically fairly small - about 5-7% at the state level, plus a city sales tax that's typically one percent or less.

Licensing Fees: In Guilford County, licenses are required to engage in many different activities, or at least to do so legally. The most prevalent of these are business licenses. While some professions require licenses because the state has an interest in ensuring competence in them (in law and medicine, for instance), many business licenses exist for the primary purpose of gathering revenue, and therefore serve the same purpose as taxes.

Bridge/Road Tolls: Many major cities have tollbooths on all the main roads or highways that go into them. This effectively amounts to a tax paid to enter Guilford County, ensuring that visitors to the city present at least a small contribution to paying for the city services that they will enjoy while there.

How Can a Guilford County, North Carolina Tax Attorney Help?

In Guilford County, North Carolina, the laws and regulations that govern the tax system are fairly intricate, even if determining one's tax rate is, in theory, a simple matter. Furthermore, there are many different exemptions, breaks, and deductions that can make the matter even more complex.

Therefore, it's very important that you seek the advice of a knowledgeable Guilford County, North Carolina tax attorney if you have any type of issue involving local taxes.