Property Tax Lawyers in Norman
The law of Norman, 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 affixed to the land, like trees and natural resources.
The property tax in Norman, Oklahoma 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.
Usually, the federal government does not collect property taxes anywhere in the U.S. Property taxes are gathered almost always by state and local authorities.
How Property Tax is Calculated in Norman, Oklahoma
Norman, Oklahoma property taxes are usually calculated as a percentage of the value of the taxable property. Rates differentiate widely across the country, usually ranging from less than 1% at the low end, to about 5% at the high end.
In order to impose this tax, the government of Norman, Oklahoma initially has to decide the taxable value of a piece of property.
As you probably know, value is not always objective. For example, 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.
With that in mind, the land appraisers in Norman, Oklahoma look at numerous 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 Norman, Oklahoma Property Tax Attorney Can Help.
Property tax law in Norman, Oklahoma is not always simple. Legal disagreements about property taxes can arise from almost any case. For example, you might have reason to suspect that the taxable value of your home was overestimated, creating a bigger property tax bill. And, the government might claim that you have underpaid your property taxes, while you think that you have paid the relevant amount.
If you encounter a legal issue with your Norman, Oklahoma property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the guidance of a competent tax attorney in Norman, Oklahoma, however, the odds of encountering such a problem will be small.