Property Tax Lawyers in Exeter
The law of Exeter, Rhode Island 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 adhered to the land, like trees and natural resources.
Property taxes in Exeter, Rhode Island are determined as a percentage of the appraised value of the property. Property taxes are paid to the state or local government at regular (usually yearly) intervals.
Federal authorities do not collect a property tax. Only state and local governments collect property taxes, as a general matter.
How Property Tax is Calculated in Exeter, Rhode Island
Normally, Exeter, Rhode Island property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they usually run from less than 1% up to about 5%.
To levy this tax, Exeter, Rhode Island 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 normally 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 Exeter, Rhode Island look at several 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 Exeter, Rhode Island Property Tax Attorney Can Help.
The property tax system in Exeter, Rhode Island can get pretty convoluted. There are several reasons why you might run into a legal dispute regarding your property tax. For example, you may believe that the appraised value of your property was too high, increasing your tax burden unjustly. Or, the state might accuse you of failing to pay your property tax.
If you encounter a legal issue with your Exeter, Rhode Island property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the help of a qualified tax attorney in Exeter, Rhode Island, however, the odds of encountering such a problem will be small.