Property Tax Lawyers in Colonial Heights

Laws of Colonial Heights, Virginia require all property owners to pay a tax on the value of their property. Property taxes only apply to real property (as opposed to personal property). This includes land, buildings, and assets that are permanently or semi-permanently attached to the land.

The property tax in Colonial Heights, Virginia is simply a percentage of a piece of property's appraised value, paid to the state and/or local government on a periodic - typically annual - basis.

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 Colonial Heights, Virginia

Typically, Colonial Heights, Virginia property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they normally run from less than 1% up to about 5%.

To collect the property tax in a fair and consistent manner, Colonial Heights, Virginia tax authorities need to have an objective formula for determining the value of land under its jurisdiction.

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

With that in mind, the land appraisers in Colonial Heights, Virginia look at various factors, including the state of the local real estate market, the square footage of the house, and the permissible use (zoning) of the land.

How A Colonial Heights, Virginia Property Tax Attorney Can Help.

The property tax system in Colonial Heights, Virginia can get pretty intricate. There are many 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 encounter a legal issue with your Colonial Heights, Virginia property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the assistance of a skilled tax attorney in Colonial Heights, Virginia, however, the odds of encountering such a problem will be small.