Tigard, Oregon Property Tax Law
The law of Tigard, Oregon 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 Tigard, Oregon 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 collected almost exclusively by state and local authorities.
How Property Tax is Calculated in Tigard, Oregon
Tigard, Oregon calculates its property taxes by requiring property owners to pay a set percentage of the appraised value. While the property tax rate varies widely across different parts of the country, they fall into the 1-5% range.
In order to levy this tax, the tax authorities in Tigard, Oregon must have a uniform formula for figuring out the value of a given piece of property.
In many ways, the value of a piece of land is relative. After all, many people ascribe sentimental value to their homes, which goes well beyond its market value. To ensure that the system is fair, the government uses only objective standards to determine value.
To this end, the Tigard, Oregon appraiser will look at things like the state of the real estate market, the size of the land, the presence of additions to the land such as buildings, and the way in which the property is zoned.
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How A Tigard, Oregon Property Tax Attorney Can Help.
In Tigard, Oregon, property taxes can become pretty complex. Legal disputes 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 example.
If one of these issues affects you and your property in Tigard, Oregon, you should make every effort to properly handle it. This can prevent small issues from growing into large ones. The best way to do this is to seek the advice of a good Tigard, Oregon tax attorney who specializes in property tax law.