Tax Lawyers in New Albany

New Albany, 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 New Albany, Ohio, taxes are derived from several sources. Regardless of where a particular 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-required to pay your taxes in New Albany. 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 New Albany, Ohio

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

Sales Tax: Mostly cities in the U.S., as well as most states, charge a sales tax. In New Albany, the sales tax is calculated as a percentage of the sale price of most goods and services. The rate varies from state to state, and city to city.

Licensing Fees: In New Albany, 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 larger cities in the U.S. charge tolls to enter the city via major highways or bridges. This amounts to a tax paid for the privilege of entering New Albany if it has such toll roads. Besides being a general 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 New Albany, Ohio Tax Attorney Help?

In New Albany, 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. Additionally, there are many different exemptions, breaks, and deductions that can make the matter even more complex.

Accordingly, it's very important that you seek the advice of a qualified New Albany, Ohio tax attorney if you have any type of issue involving local taxes.