Property Tax Lawyers in Yonkers
Yonkers, New York 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 adhered to the land.
Property tax in Yonkers, New York is measured by taking a percentage of the appraised value of the property in question. They are typically collected on an annual or monthly schedule.
Usually, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Typically, property taxes are imposed by state and local governments.
How Property Tax is Calculated in Yonkers, New York
Typically, Yonkers, New York property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they normally run from less than 1% up to about 5%.
In order to levy this tax, the tax authorities in Yonkers, New York must have an uniform formula for figuring out the value of a given piece of property.
Value is subjective in many respects. The home that you grew up in is probably worth more to you than its going market rate. Thus, to ensure that property taxes are fair and uniform, tax collectors have to use purely objective factors when appraising property.
With that in mind, the land appraisers in Yonkers, New York look at several factors, including the state of the local real estate market, the square footage of the house, and the permissible use (zoning) of the land.
How A Yonkers, New York Property Tax Attorney Can Help.
The property tax system in Yonkers, New York can get pretty intricate. There are several 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 engaged in a property tax dispute with the tax authorities of Yonkers, New York, you should seek the assistance of a Yonkers, New York tax attorney. Your attorney can help you prevent a small tax problem from turning into something much bigger and more expensive than it needs to be.