Property Tax Lawyers in Franklin Park
The law of Franklin Park, Pennsylvania 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.
Property taxes in Franklin Park, Pennsylvania are measured as a percentage of the appraised value of the property. Property taxes are paid to the state or local government at regular (often yearly) intervals.
In general, the federal government does not impose any property tax. Normally, property tax is imposed by state, county, and municipal governments.
How Property Tax is Calculated in Franklin Park, Pennsylvania
Typically, Franklin Park, Pennsylvania property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they normally run from less than 1% up to about 5%.
To levy this tax, Franklin Park, Pennsylvania tax authorities must first figure out how much a house or piece of land is worth.
As you probably know, value is not always objective. For instance, the owners of family heirlooms typically 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.
To that end, the Franklin Park, Pennsylvania employees in charge of appraising land look at objective facts to measure value, like the size of the land and any buildings on it, the way in which the land may legally be used (zoning), and the health of the local real estate market.
How A Franklin Park, Pennsylvania Property Tax Attorney Can Help.
The system of levying property taxes in Franklin Park, Pennsylvania can get fairly confusing. Disputes 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 you run into any issue with your Franklin Park, Pennsylvania property taxes, failing to handle it properly can result in anything from unnecessary inconvenience to considerable fines and tax penalties. However, with the help of a Franklin Park, Pennsylvania tax attorney, your chances of running into a property tax problem can be minimized.