Tax Lawyers in Florham Park

Florham Park, New Jersey has to collect taxes from its residents in order to pay for basic services that we've come to expect, like roads and schools.

In Florham Park, New Jersey, there are various different sources of tax revenue. Irrespective of the source, however, taxes are always levied in amounts decided by the relevant laws. Usually, taxes are calculated as a percentage of something, such as income or home value. Sometimes, however, they are simply collected as a flat fee (usually in exchange for a license or permit).

Residents of Florham Park 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 Florham Park, New Jersey

Taxes can come from a wide number of sources in Florham Park, New Jersey, such as sales tax, administrative/licensing fees, and tolls.

Sales Tax: In Florham Park, the sales tax is a tax that's added to the price of goods at the point of sale. Usually, you have to pay a city sales tax on top of whatever sales tax is levied by . Typically, the local sales tax is much smaller than the state tax, which is usually in the area of 5-8%, with the city tax most often being less than one percent.

Licensing Fees: The city of Florham Park may require business owners to obtain a license from the local government before they begin operating within city limits. Typically, the main hurdle involved in obtaining one of these licenses is paying a fee to the city government. Although these payments are called "fees" as opposed to "taxes," they operate in the same way, and serve largely the same purpose, as taxes.

Bridge/Road Tolls: Most large cities in the U.S. charge fees, or tolls, on automobiles entering the city via public bridges and highways. This money is, more or less, a tax on everybody who drives into Florham Park via public infrastructure. This means that everyone who visits is obligated to make at least a small contribution to the government services they'll be using while there.

How Can a Florham Park, New Jersey Tax Attorney Help?

In Florham Park, New Jersey, tax law can get pretty complicated. Taxes are levied on a huge range of products and activities, and they are often calculated in perplexing ways. Also, many groups and individuals are subject to special tax breaks and exemptions, which might or might not apply to you.

So, if you have any questions or problems with your taxes in Florham Park, New Jersey, it's very important to speak with a qualified Florham Park tax law specialist.