Property Tax Lawyers in Charleston
The law of Charleston, South Carolina 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 Charleston, South Carolina are measured 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.
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 Charleston, South Carolina
Most often, property taxes in Charleston, South Carolina 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%.
In order to impose this tax, the government of Charleston, South Carolina initially has to decide the taxable value of a piece of property.
In many ways, the value of a piece of land is relative. After all, many individuals ascribe sentimental value to their homes, which goes well beyond its market value. To guarantee that the system is equal, the government uses only objective standards to determine value.
Consequently, the people in charge of appraising the value of property in Charleston, South Carolina 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 Charleston, South Carolina Property Tax Attorney Can Help.
The property tax system in Charleston, South Carolina can get pretty confusing. There are numerous reasons why you might run into a legal dispute regarding your property tax. For instance, 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 Charleston, South Carolina property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the advice of a skilled tax attorney in Charleston, South Carolina, however, the odds of encountering such a problem will be small.