Property Tax Lawyers in Myrtle Beach
The law of Myrtle Beach, 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 Myrtle Beach, 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 Myrtle Beach, South Carolina
Myrtle Beach, 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 Myrtle Beach, South Carolina have to first determine the value of a specific piece of land.
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 Myrtle Beach, 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 Myrtle Beach, South Carolina Property Tax Attorney Can Help.
The property tax system in Myrtle Beach, South Carolina can get pretty intricate. 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 are engaged in a property tax dispute with the tax authorities of Myrtle Beach, South Carolina, you should seek the assistance of a Myrtle Beach, 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.