Tax Lawyers in Lexington

Lexington, Ohio 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 Lexington, Ohio, taxes are derived from different sources. Regardless of where a specific tax comes from, it is always collected in an amount dictated by law. Most often, taxes are calculated as a percentage of income, sales, or property value. Sometimes, typically in the context of licensing fees or car registration fees, taxes are set at a flat rate.

You are legally-obligated to pay your taxes in Lexington. If you fail to pay your taxes, without a compelling reason, you are committing a crime, and may end up going to jail as a result.

Sources of Tax Dollars in Lexington, Ohio

Taxes can come from a wide number of sources in Lexington, Ohio, such as sales tax, administrative/licensing fees, and tolls.

Sales Tax: In Lexington, 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 Lexington, 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 major cities have tollbooths on all the main roads or highways that go into them. This effectively amounts to a tax paid to enter Lexington, ensuring that visitors to the city present at least a small contribution to paying for the city services that they will enjoy while there.

How Can a Lexington, Ohio Tax Attorney Help?

In Lexington, Ohio, 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 Lexington, Ohio tax attorney if you have any type of issue involving local taxes.