Tax Lawyers in Santa Fe County
Santa Fe County, New Mexico 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 Santa Fe County, New Mexico, there are various 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).
Everyone in Santa Fe County is obligated by law to pay the taxes they owe. If you fail to do this, you could end up facing jail time.
Sources of Tax Dollars in Santa Fe County, New Mexico
There are a large number of different sources of tax revenue in Santa Fe County, New Mexico. They contain, among many others, sales tax, licensing fees, and road tolls.
Sales Tax: In Santa Fe County, there may be a sales tax on top of the sales tax imposed by the government of . City sales taxes are usually pretty small, usually in the range of one percent or less, as opposed to the 5-7% sales taxes imposed by most states.
Licensing Fees: In Santa Fe County, licenses are required to engage in many different activities, or at least to do so legally. The most common of these are business licenses. While some professions require licenses because the state has an interest in ensuring competence in them (in law and medicine, for instance), many business licenses exist for the primary purpose of collecting revenue, and therefore serve the same purpose as taxes.
Bridge/Road Tolls: Many larger cities in the U.S. charge tolls to enter the city via main highways or bridges. This amounts to a tax paid for the privilege of entering Santa Fe County if it has such toll roads. Besides being a basic 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 Santa Fe County, New Mexico Tax Attorney Help?
In Santa Fe County, New Mexico, the laws and regulations that govern the tax system are fairly complex, even if determining one's tax rate is, in theory, a simple matter. Furthermore, there are many different exemptions, breaks, and deductions that can make the matter even more complex.
Therefore, it's very important that you seek the advice of a qualified Santa Fe County, New Mexico tax attorney if you have any type of issue involving local taxes.