Urbana, Ohio Property Tax Law

Property Tax Lawyers in Urbana

The law of Urbana, 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 Urbana, 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 Urbana, Ohio

Usually, Urbana, 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%.

To collect the property tax in a fair and consistent manner, Urbana, Ohio tax authorities need to have an objective formula for determining the value of land under its jurisdiction.

Value is subjective in many respects. The home that you grew up in is probably worth more to you than its going market rate. So, to ensure that property taxes are fair and uniform, tax collectors have to use purely objective factors when appraising property.

There are many different ways to value property using objective factors. Generally, the appraiser in Urbana, Ohio will consider the current state of the real estate market, the size of the property, any improvements (buildings, roads, etc.) that have been made on the property, and the manner in which the property may be legally used (zoning).

How A Urbana, Ohio Property Tax Attorney Can Help.

The system of levying property taxes in Urbana, 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 Urbana, 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 Urbana, Ohio, however, the odds of encountering such a problem will be small.