Property Tax Lawyers in Reno
Reno, Nevada laws require that most owners of real property pay taxes on its value. "Real property" refers to building and land, and objects (like natural resources) that are permanently affixed to the land.
Reno, Nevada measures property taxes simply by taking a percentage of the property's value. Usually, they are paid on a yearly or monthly basis.
Generally, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Usually, property taxes are imposed by state and local governments.
How Property Tax is Calculated in Reno, Nevada
Usually, Reno, Nevada property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they typically run from less than 1% up to about 5%.
To collect the property tax in a fair and consistent manner, Reno, Nevada tax authorities need to have an objective formula for determining the value of land under its jurisdiction.
Value is subjective in many respects. The home that you grew up in is probably worth more to you than its going market rate. So, to ensure that property taxes are fair and uniform, tax collectors have to use purely objective factors when appraising property.
To that end, the Reno, Nevada employees in charge of appraising land look at objective facts to calculate value, like the size of the land and any buildings on it, the way in which the land may legally be used (zoning), and the health of the local real estate market.
How A Reno, Nevada Property Tax Attorney Can Help.
The property tax system in Reno, Nevada can get pretty complicated. There are many reasons why you might run into a legal dispute regarding your property tax. For example, you may believe that the appraised value of your property was too high, increasing your tax burden unjustly. Or, the state might accuse you of failing to pay your property tax.
If you are affected by one of these, or any other, property tax legal issues in Reno, Nevada, you should deal with it properly. If you fail to do so, a relatively minor issue can become much more expensive and inconvenient than it might otherwise have been. So, the assistance of a good tax attorney in Reno, Nevada is highly useful in avoiding these issues in the first place, or handling them if they do arise.