Property Tax Lawyers in Bryn Mawr

The law of Bryn Mawr, Pennsylvania 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 Bryn Mawr, Pennsylvania 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.

Federal authorities do not gather a property tax. Only state and local governments gather property taxes, as a general matter.

How Property Tax is Calculated in Bryn Mawr, Pennsylvania

Usually, Bryn Mawr, Pennsylvania property taxes are decided as a percentage of the property's value. Tax rates differentiate widely, but they typically run from less than 1% up to about 5%.

In order to impose this tax, the government of Bryn Mawr, Pennsylvania 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.

Therefore, the people in charge of appraising the value of property in Bryn Mawr, Pennsylvania have to consider only objective, factual criteria when calculating the value of a piece of land. These criteria include the state of the real estate market, the zoning of the land (which determines how it can be utilized), and any improvements that have been made to the land, among other things.

How A Bryn Mawr, Pennsylvania Property Tax Attorney Can Help.

Bryn Mawr, Pennsylvania's property tax system is somewhat perplexing. Legal disputes arising from property taxes can arise in a number of ways. For instance, the state might accuse a homeowner of failing to pay their property taxes, when they actually have. Conversely, a homeowner might believe that the value of their property was appraised inaccurately, resulting in a higher tax bill.

If one of these issues affects you and your property in Bryn Mawr, Pennsylvania, 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 reputable Bryn Mawr, Pennsylvania tax attorney who concentrates in property tax law.