Property Tax Lawyers in Normandy Park
Laws of Normandy Park, Washington 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 Normandy Park, Washington is simply a percentage of a piece of property's appraised value, paid to the state and/or local government on a periodic - usually annual - basis.
The federal government almost never imposes property taxes directly. Property taxes are collected nearly exclusively by state, county, and local governments.
How Property Tax is Calculated in Normandy Park, Washington
Usually, Normandy Park, Washington property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they typically run from less than 1% up to about 5%.
To levy this tax, Normandy Park, Washington tax authorities must first figure out how much a house or piece of land is worth.
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.
Therefore, the people in charge of appraising the value of property in Normandy Park, Washington have to consider only objective, factual criteria when calculating the value of a piece of land. These criteria include the state of the real estate market, the zoning of the land (which determines how it can be used), and any improvements that have been made to the land, among other things.
How A Normandy Park, Washington Property Tax Attorney Can Help.
Normandy Park, Washington's property tax system is somewhat complicated. 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 actually 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 Normandy Park, Washington, 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. So, the assistance of a good tax attorney in Normandy Park, Washington is highly useful in avoiding these issues in the first place, or handling them if they do arise.