Edmond, Oklahoma Property Tax Law

Find the right Property Tax attorney in Edmond, OK

Property Tax Lawyers in Edmond

The law of Edmond, Oklahoma 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 fixed to the land, like trees and natural resources.

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

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

How Property Tax is Calculated in Edmond, Oklahoma

Edmond, Oklahoma calculates its property taxes by requiring property owners to pay a set percentage of the appraised value. While the property tax rate varies considerably across different parts of the country, they fall into the 1-5% range.

In order to impose this tax, the government of Edmond, Oklahoma initially has to decide the taxable value of a piece of property.

Value, in some ways, is not an objective thing. For instance, your childhood home is likely worth much more to you than its simple market value. Nonetheless, the tax authorities use only objective factors in calculating a home's taxable value.

To this end, the Edmond, Oklahoma appraiser will look at things like the state of the real estate market, the size of the land, the existence of additions to the land such as buildings, and the way in which the property is zoned.

How A Edmond, Oklahoma Property Tax Attorney Can Help.

The system of levying property taxes in Edmond, Oklahoma can get very complicated. Disagreements about property taxes, between the taxpayer and the tax authorities, can come up in various different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Additionally, the state or city government might allege that you have failed to pay your property taxes, while you believe that you have.

If one of these concerns affects you and your property in Edmond, Oklahoma, you should make every effort to correctly handle it. This can keep small issues from growing into large ones. The best way to do this is to seek the advice of a reliable Edmond, Oklahoma tax attorney who concentrates in property tax law.

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Life in Edmond

Edmond is located in Oklahoma County, with a population of around 81,400 people. In 2011, CNBC included Edmond on its "10 Perfect Suburbs" list. In 2007, it was also ranked amongst the "Top 100 Places to Live" by Relocated America.

Top employers include the school district, the City of Edmond, Pelco Products, Innovative Healthcare Systems, Remy International, Petra Industries, OU Medical Center, Adfitech, and the University of Central Oklahoma. The legal industry also has a strong presence in Edmond because many resident attorneys practice law in various areas. Therefore, residents and local businesses have no problems when needing legal guidance.

For all the nature-lovers, Edmond is home to some wonderful parks to visit. These parks include Brookhaven Park, Centennial Park, Chitwood Park, Dog Park, Fink Park, Gossett Park, Kelly Park, Ted Anderson Park, and Whispering Heights Park.

Some famous residents include Jim Beaver, Bob Ricks, Reggie Smith, Gil Morgan, Shannon Miller, Blake Griffin, Greyson Chance and Ekpe Udoh.

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