Tax Lawyers in Somerset County
Somerset County, 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 Somerset 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. 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 Somerset 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 Somerset County, New Jersey
A wide variety of activities are subject to taxation in Somerset County, New Jersey, creating a considerable range of revenue sources. For example, cities typically impose a sales tax, charge fees for certain licenses, and collect tolls on roads and bridges.
Sales Tax: The sales tax imposed by Somerset County is on top of the sales tax collected by the government of . Sales taxes are typically fairly small - about 5-7% at the state level, plus a city sales tax that's typically one percent or less.
Licensing Fees: The government of Somerset County issues licenses for engaging in a wide variety of different activities. Most frequently, 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 everyone who drives into Somerset County via public infrastructure. This means that everyone who visits is required to make at least a small contribution to the government services they'll be using while there.
How Can a Somerset County, New Jersey Tax Attorney Help?
In Somerset 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 confusing ways. Additionally, many groups and individuals are subject to special tax breaks and exemptions, which might or might not apply to you.
Thus, if you have any questions or problems with your taxes in Somerset County, New Jersey, it's very important to speak with a knowledgeable Somerset County tax law specialist.