Property Tax Lawyers in Columbus
Columbus, Ohio 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 fixed to the land.
Property tax in Columbus, Ohio is determined by taking a percentage of the appraised value of the property in question. They are normally collected on an annual or monthly schedule.
Typically, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Normally, property taxes are imposed by state and local governments.
How Property Tax is Calculated in Columbus, Ohio
Most often, property taxes in Columbus, Ohio are simply a set percentage of the property's value. Across the country, state authorities impose a wide range of various tax rates. The highest rates in the country are in the area of 5% of the property's value, and the lowest are less than 1%.
To collect the property tax in a fair and consistent manner, Columbus, Ohio tax authorities need to have an objective formula for deciding the value of land under its jurisdiction.
In some ways, value is a subjective thing. For instance, the home in which you grew up is probably worth far more to you than its market value. To get around this, the government uses nothing but objective factors in deciding how much a piece of real property is worth.
To this end, the Columbus, Ohio appraiser will look at things like the state of the real estate market, the size of the land, the existence of additions to the land such as buildings, and the way in which the property is zoned.
How A Columbus, Ohio Property Tax Attorney Can Help.
In Columbus, Ohio, property taxes can become pretty intricate. Legal disagreements can arise in the property tax context, even if there is no wrongdoing, and the dispute arises from an honest misunderstanding. You might have a good reason to suspect that a mistake was made when your property was appraised, resulting in a higher tax bill than you believe you legally owe, for instance.
If you run into any issue with your Columbus, Ohio property taxes, failing to handle it properly can result in anything from unnecessary inconvenience to massive fines and tax penalties. However, with the help of a Columbus, Ohio tax attorney, your chances of running into a property tax problem can be minimized.