Property Tax Lawyers in Fairfax
Laws of Fairfax, 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 Fairfax, Virginia is simply a percentage of a piece of property's appraised value, paid to the state and/or local government on a periodic - normally annual - basis.
Typically, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Normally, property taxes are imposed by state and local governments.
How Property Tax is Calculated in Fairfax, Virginia
Most often, property taxes in Fairfax, Virginia are simply a set percentage of the property's value. Across the country, state authorities impose a wide range of different tax rates. The highest rates in the country are in the area of 5% of the property's value, and the lowest are less than 1%.
To collect the property tax, the authorities of Fairfax, Virginia have to first determine the value of an individual 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 Fairfax, Virginia employees in charge of appraising land look at objective facts to determine 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 Fairfax, Virginia Property Tax Attorney Can Help.
Fairfax, Virginia's property tax system is somewhat convoluted. Legal disputes arising from property taxes can arise in a number of ways. For instance, the state might accuse a homeowner of failing to pay their property taxes, when they really have. Conversely, a homeowner might believe that the value of their property was appraised inaccurately, resulting in a higher tax bill.
If you are affected by one of these, or any other, property tax legal issues in Fairfax, Virginia, you should deal with it properly. If you fail to do so, a relatively minor issue can become much more expensive and inconvenient than it might otherwise have been. Therefore, the assistance of a brilliant tax attorney in Fairfax, Virginia is highly useful in avoiding these issues in the first place, or handling them if they do arise.