New Franklin, Ohio Property Tax Law

Property Tax Lawyers in New Franklin

New Franklin, 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 affixed to the land.

Property tax in New Franklin, Ohio is derived by taking a percentage of the appraised value of the property in question. They are typically collected on an annual or monthly schedule.

The federal government almost never imposes property taxes directly. Property taxes are collected nearly exclusively by state, county, and local governments.

How Property Tax is Calculated in New Franklin, Ohio

Typically, New Franklin, Ohio 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 impose this tax, the government of New Franklin, Ohio first has to determine the taxable value of a 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 New Franklin, Ohio look at various 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 New Franklin, Ohio Property Tax Attorney Can Help.

The property tax system in New Franklin, Ohio can get pretty intricate. There are many 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 one of these concerns affects you and your property in New Franklin, Ohio, you should make every effort to properly handle it. This can prevent small issues from growing into large ones. The best way to do this is to seek the advice of a knowledgeable New Franklin, Ohio tax attorney who specializes in property tax law.