Property Tax Lawyers in Atlantic Highlands
Atlantic Highlands, New Jersey 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.
Property taxes in Atlantic Highlands, New Jersey are measured as a percentage of the appraised value of the property. Property taxes are paid to the state or local government at regular (usually yearly) intervals.
Federal authorities do not collect a property tax. Only state and local governments collect property taxes, as a general matter.
How Property Tax is Calculated in Atlantic Highlands, New Jersey
Most often, property taxes in Atlantic Highlands, New Jersey are simply a set percentage of the property's value. Across the country, state authorities impose a wide range of different tax rates. The highest rates in the country are in the area of 5% of the property's value, and the lowest are less than 1%.
To levy this tax, Atlantic Highlands, New Jersey tax authorities must first figure out how much a house or piece of land is worth.
As you probably know, value is not always objective. For instance, the owners of family heirlooms typically 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.
There are many different ways to value property using objective factors. Usually, the appraiser in Atlantic Highlands, New Jersey will consider the current state of the real estate market, the size of the property, any improvements (buildings, roads, etc.) that have been made on the property, and the manner in which the property may be legally used (zoning).
How A Atlantic Highlands, New Jersey Property Tax Attorney Can Help.
The system of levying property taxes in Atlantic Highlands, New Jersey can get fairly confusing. Disputes about property taxes, between the taxpayer and the tax authorities, can come up in various different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Additionally, the state or city government might allege that you have failed to pay your property taxes, while you believe that you have.
If you are engaged in a property tax dispute with the tax authorities of Atlantic Highlands, New Jersey, you should seek the assistance of an Atlantic Highlands, New Jersey tax attorney. Your attorney can help you prevent a small tax problem from turning into something much bigger and more expensive than it needs to be.