Property Tax Lawyers in Lexington County

The law of Lexington County, South Carolina 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.

In Lexington County, South Carolina, property taxes are measured as a percentage of the land's value. They are most frequently paid annually. But in any case, they are paid at some set interval.

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 Lexington County, South Carolina

Lexington County, South Carolina property taxes are typically calculated as a percentage of the value of the taxable property. Rates vary widely across the country, typically ranging from less than 1% at the low end, to about 5% at the high end.

To collect the property tax, the authorities of Lexington County, South Carolina have to first determine the value of a specific piece of land.

In some ways, value is a subjective thing. For example, 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 determining how much a piece of real property is worth.

To that end, the Lexington County, South Carolina 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 Lexington County, South Carolina Property Tax Attorney Can Help.

The system of levying property taxes in Lexington County, South Carolina 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 are engaged in a property tax dispute with the tax authorities of Lexington County, South Carolina, you should seek the assistance of a Lexington County, South Carolina 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.