Tax Lawyers in Mount Laurel

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

In Mount Laurel, New Jersey, there are many different sources of tax revenue. Irrespective of the source, however, taxes are always levied in amounts determined by the relevant laws. Typically, 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 Mount Laurel 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 Mount Laurel, New Jersey

There are a considerable number of different sources of tax revenue in Mount Laurel, New Jersey. They include, among many others, sales tax, licensing fees, and road tolls.

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

Licensing Fees: The city of Mount Laurel may require business owners to acquire 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: Many larger cities in the U.S. charge tolls to enter the city via major highways or bridges. This amounts to a tax paid for the privilege of entering Mount Laurel if it has such toll roads. Besides being a general source of revenue, these tolls require visitors to the city, who will have many city services available to them while they visit, to pay at least some contribution to these services.

How Can a Mount Laurel, New Jersey Tax Attorney Help?

In Mount Laurel, New Jersey, many different laws and regulations govern taxes, making the theoretically simple task of determining one's tax liability pretty complicated. On top of that, there are many different breaks and exemptions that apply to specific types of groups and individuals, further complicating things.

If you have any legal issues with your taxes, you should pursue legal advice from a skilled and reputable tax attorney in Mount Laurel, New Jersey.