Property Tax Lawyers in Upper Arlington
The law of Upper Arlington, Ohio says that everybody who owns real property has to pay taxes on it. The term "real property" refers to land and buildings, as well as anything affixed to the land, like trees and natural resources.
The property tax in Upper Arlington, Ohio is simply a percentage of a piece of property's appraised value, paid to the state and/or local government on a periodic - normally annual - basis.
Typically, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Normally, property taxes are imposed by state and local governments.
How Property Tax is Calculated in Upper Arlington, Ohio
Normally, Upper Arlington, Ohio property taxes are decided as a percentage of the property's value. Tax rates differentiate widely, but they usually run from less than 1% up to about 5%.
To collect the property tax in a fair and consistent manner, Upper Arlington, Ohio tax authorities need to have an objective formula for deciding the value of land under its jurisdiction.
In some ways, value is a subjective thing. For instance, the home in which you grew up is probably worth far more to you than its market value. To get around this, the government uses nothing but objective factors in deciding how much a piece of real property is worth.
To that end, the Upper Arlington, Ohio employees in charge of appraising land look at objective facts to determine value, like the size of the land and any buildings on it, the way in which the land may legally be utilized (zoning), and the health of the local real estate market.
How A Upper Arlington, Ohio Property Tax Attorney Can Help.
In Upper Arlington, Ohio, property taxes can become pretty intricate. Legal disagreements can arise in the property tax context, even if there is no wrongdoing, and the dispute arises from an honest misunderstanding. You might have a good reason to suspect that a mistake was made when your property was appraised, resulting in a higher tax bill than you believe you legally owe, for instance.
If you encounter a legal issue with your Upper Arlington, Ohio property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the guidance of a qualified tax attorney in Upper Arlington, Ohio, however, the odds of encountering such a problem will be small.