Property Tax Lawyers in Shelby County

The law of Shelby County, Tennessee 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.

In Shelby County, Tennessee, 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.

Usually, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Typically, property taxes are imposed by state and local governments.

How Property Tax is Calculated in Shelby County, Tennessee

Shelby County, Tennessee calculates its property taxes by requiring property owners to pay a set percentage of the appraised value. While the property tax rate varies considerably across different parts of the country, they fall into the 1-5% range.

In order to impose this tax, the government of Shelby County, Tennessee initially has to decide the taxable value of a piece of property.

Value, in some ways, is not an objective thing. For instance, your childhood home is likely worth much more to you than its simple market value. Nonetheless, the tax authorities use only objective factors in calculating a home's taxable value.

To this end, the Shelby County, Tennessee appraiser will look at things like the state of the real estate market, the size of the land, the existence of additions to the land such as buildings, and the way in which the property is zoned.

How A Shelby County, Tennessee Property Tax Attorney Can Help.

The property tax system in Shelby County, Tennessee 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 are engaged in a property tax dispute with the tax authorities of Shelby County, Tennessee, you should seek the assistance of a Shelby County, Tennessee 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.