Property Tax Lawyers in Harrington Park
Harrington Park, 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 affixed to the land.
Harrington Park, New Jersey measures property taxes simply by taking a percentage of the property's value. Usually, they are paid on a yearly or monthly basis.
In general, the federal government does not impose any property tax. Typically, property tax is imposed by state, county, and municipal governments.
How Property Tax is Calculated in Harrington Park, New Jersey
Harrington Park, New Jersey property taxes are usually calculated as a percentage of the value of the taxable property. Rates vary widely across the country, usually ranging from less than 1% at the low end, to about 5% at the high end.
In order to levy this tax, the tax authorities in Harrington Park, New Jersey must have an uniform formula for figuring out the value of a given piece of property.
As you probably know, value is not always objective. For instance, the owners of family heirlooms usually 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.
With that in mind, the land appraisers in Harrington Park, New Jersey look at various factors, including the state of the local real estate market, the square footage of the house, and the permissible use (zoning) of the land.
How A Harrington Park, New Jersey Property Tax Attorney Can Help.
Harrington Park, New Jersey's property tax system is somewhat complicated. 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 actually have. Conversely, a homeowner might believe that the value of their property was appraised inaccurately, resulting in a higher tax bill.
If one of these issues affects you and your property in Harrington Park, New Jersey, you should make every effort to properly handle it. This can prevent small issues from growing into large ones. The best way to do this is to seek the advice of a good Harrington Park, New Jersey tax attorney who specializes in property tax law.