Property Tax Lawyers in Livingston
Livingston, 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 attached to the land.
Livingston, New Jersey calculates 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 Livingston, New Jersey
Livingston, New Jersey property taxes are usually calculated as a percentage of the value of the taxable property. Rates differentiate widely across the country, usually ranging from less than 1% at the low end, to about 5% at the high end.
To collect the property tax in a fair and consistent manner, Livingston, New Jersey tax authorities need to have an objective formula for deciding the value of land under its jurisdiction.
Value, in some ways, is not an objective thing. For instance, your childhood home is likely worth much more to you than its simple market value. Nonetheless, the tax authorities use only objective factors in calculating a home's taxable value.
With that in mind, the land appraisers in Livingston, New Jersey look at different 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 Livingston, New Jersey Property Tax Attorney Can Help.
The property tax system in Livingston, New Jersey can get pretty perplexing. There are numerous reasons why you might run into a legal dispute regarding your property tax. For instance, you may believe that the appraised value of your property was too high, increasing your tax burden unjustly. Or, the state might accuse you of failing to pay your property tax.
If you are involved in a property tax dispute with the tax authorities of Livingston, New Jersey, you should seek the advice of a Livingston, 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.