Tax Lawyers in Somers Point

Somers Point, 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 Somers Point, New Jersey, there are numerous 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 Somers Point 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 Somers Point, New Jersey

A wide number of activities are subject to taxation in Somers Point, New Jersey, creating a large range of revenue sources. For example, cities usually impose a sales tax, charge fees for certain licenses, and collect tolls on roads and bridges.

Sales Tax: The sales tax imposed by Somers Point 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: The government of Somers Point issues licenses for engaging in a wide number of different activities. Most often, they issue business licenses, which business owners must obtain before operating any type of business in city limit. The most important of this process is usually paying a fee. While these taxes are called "fees," instead of "taxes," they are functionally identical, and serve the same purpose (namely, raising revenue).

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 Somers Point 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 Somers Point, New Jersey Tax Attorney Help?

Tax Law in Somers Point, New Jersey is not simple. Taxes are imposed on a wide range of activities, and the manner in which they're calculated can be very perplexing. Furthermore, there are usually special tax breaks or exemptions that may or may not apply to you.

Thus, it's extremely important that you obtain the advice of a qualified Somers Point, New Jersey tax attorney if you have any tax law questions.