Property Tax Lawyers in Solon

The law of Solon, Ohio says that everyone who owns real property has to pay taxes on it. The term "real property" refers to land and buildings, as well as anything attached to the land, like trees and natural resources.

The property tax in Solon, Ohio is simply a percentage of a piece of property's appraised value, paid to the state and/or local government on a periodic - usually annual - basis.

Generally, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Usually, property taxes are imposed by state and local governments.

How Property Tax is Calculated in Solon, Ohio

Usually, Solon, Ohio property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they typically run from less than 1% up to about 5%.

In order to impose this tax, the government of Solon, Ohio first has to determine the taxable value of a piece of property.

As you probably know, value is not always objective. For instance, the owners of family heirlooms usually place far more value on them than their objective monetary value. So tax officials have to be careful to only use objective criteria in valuing property for tax purposes.

To that end, the Solon, Ohio employees in charge of appraising land look at objective facts to calculate value, like the size of the land and any buildings on it, the way in which the land may legally be used (zoning), and the health of the local real estate market.

How A Solon, Ohio Property Tax Attorney Can Help.

The system of levying property taxes in Solon, Ohio can get fairly complex. Disputes about property taxes, between the taxpayer and the tax authorities, can come up in several different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Also, the state or city government might allege that you have failed to pay your property taxes, while you believe that you have.

If you encounter a legal issue with your Solon, Ohio property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the assistance of a competent tax attorney in Solon, Ohio, however, the odds of encountering such a problem will be small.