Property Tax Lawyers in Katy

The law of Katy, Texas 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 tax in Katy, Texas is calculated by taking a percentage of the appraised value of the property in question. They are typically collected on an annual or monthly schedule.

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 Katy, Texas

Typically, Katy, Texas property taxes are decided as a percentage of the property's value. Tax rates differentiate widely, but they normally run from less than 1% up to about 5%.

In order to levy this tax, the tax authorities in Katy, Texas must have an uniform formula for figuring out the value of a particular piece of property.

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

To this end, the Katy, Texas 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 Katy, Texas Property Tax Attorney Can Help.

Property tax law in Katy, Texas is not always simple. Legal disagreements about property taxes can arise from almost any instance. For example, you might have reason to suspect that the taxable value of your home was overestimated, creating a bigger property tax bill. And, the government might claim that you have underpaid your property taxes, while you think that you have paid the appropriate amount.

If you are engaged in a property tax dispute with the tax authorities of Katy, Texas, you should seek the assistance of a Katy, Texas 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.