Property Tax Lawyers in Radnor
The law of Radnor, 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 fixed to the land, like trees and natural resources.
Property taxes in Radnor, Pennsylvania are calculated as a percentage of the appraised value of the property. Property taxes are paid to the state or local government at regular (generally yearly) intervals.
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 Radnor, Pennsylvania
Most often, property taxes in Radnor, Pennsylvania are simply a set percentage of the property's value. Across the country, state authorities impose a wide range of various tax rates. The highest rates in the country are in the area of 5% of the property's value, and the lowest are less than 1%.
To levy this tax, Radnor, Pennsylvania tax authorities must initially figure out how much a house or piece of land is worth.
In some ways, value is a subjective thing. For instance, the home in which you grew up is probably worth far more to you than its market value. To get around this, the government uses nothing but objective factors in deciding how much a piece of real property is worth.
With that in mind, the land appraisers in Radnor, Pennsylvania look at different 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 Radnor, Pennsylvania Property Tax Attorney Can Help.
Radnor, 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 you are involved in a property tax dispute with the tax authorities of Radnor, Pennsylvania, you should seek the advice of a Radnor, Pennsylvania tax attorney. Your attorney can help you prevent a small tax problem from turning into something much bigger and more expensive than it needs to be.