Tax Lawyers in London

London, 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 London, Ohio, taxes are derived from numerous 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 London. 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 London, Ohio

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

Sales Tax: In London, 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: London issues licenses that are required to legally engage in certain activities. Most often, the purpose of these licenses is to raise revenue in the form of fees, making them comparable to taxes. One of the most common is the business license, which most businesses must obtain before operating.

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 London 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 London, Ohio Tax Attorney Help?

Tax Law in London, Ohio is not simple. Taxes are imposed on a wide range of activities, and the manner in which they're calculated can be very perplexing. Furthermore, there are usually special tax breaks or exemptions that may or may not apply to you.

So, if you have any questions or problems with your taxes in London, Ohio, it's very important to speak with a qualified London tax law specialist.