Property Tax Lawyers in Reston
Laws of Reston, 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 adhered to the land.
The property tax in Reston, 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.
Normally, the federal government does not collect property taxes anywhere in the U.S. Property taxes are collected almost exclusively by state and local authorities.
How Property Tax is Calculated in Reston, Virginia
Reston, Virginia property taxes are normally calculated as a percentage of the value of the taxable property. Rates vary widely across the country, normally ranging from less than 1% at the low end, to about 5% at the high end.
In order to levy this tax, the tax authorities in Reston, Virginia must have an uniform formula for figuring out the value of a given piece of property.
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 this end, the Reston, Virginia appraiser will look at things like the state of the real estate market, the size of the land, the presence of additions to the land such as buildings, and the way in which the property is zoned.
How A Reston, Virginia Property Tax Attorney Can Help.
In Reston, Virginia, property taxes can become pretty difficult. Legal disputes can arise in the property tax context, even if there is no wrongdoing, and the dispute arises from an honest misunderstanding. You might have a good reason to suspect that a mistake was made when your property was appraised, resulting in a higher tax bill than you believe you legally owe, for example.
If one of these contentions affects you and your property in Reston, Virginia, you should make every effort to properly handle it. This can prevent small issues from growing into large ones. The best way to do this is to seek the advice of a brilliant Reston, Virginia tax attorney who specializes in property tax law.