Tax Lawyers in Morris County
Morris County, 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 Morris County, New Jersey, there are several different sources of tax revenue. Irrespective of the source, however, taxes are always levied in amounts determined 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 Morris County are legally required to pay their taxes. Failure to do so can result in civil penalties, criminal fines, and even imprisonment.
Sources of Tax Dollars in Morris County, New Jersey
There are a large number of different sources of tax revenue in Morris County, New Jersey. They include, among many others, sales tax, licensing fees, and road tolls.
Sales Tax: The sales tax imposed by Morris County is on top of the sales tax collected by the government of . Sales taxes are usually fairly small - about 5-7% at the state level, plus a city sales tax that's usually one percent or less.
Licensing Fees: Morris County issues licenses that are required to legally engage in certain activities. Most often, the purpose of these licenses is to raise revenue in the form of fees, making them similar to taxes. One of the most common is the business license, which most businesses must obtain before operating.
Bridge/Road Tolls: Most major cities charge a toll to enter them via major roads or bridges. These fees are meant to pay for the upkeep of basic public infrastructure in Morris County, by imposing a tax on visitors to it. In theory, this means that people who visit the city are required to contribute to the upkeep of the infrastructure that they will be using while present there.
How Can a Morris County, New Jersey Tax Attorney Help?
In Morris County, 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 complex ways. Also, many groups and individuals are subject to special tax breaks and exemptions, which might or might not apply to you.
Accordingly, it's very important that you seek the advice of a qualified Morris County, New Jersey tax attorney if you have any type of issue involving local taxes.