Property Tax Lawyers in Spokane Valley

Laws of Spokane Valley, 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 Spokane Valley, Washington 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.

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 Spokane Valley, Washington

Typically, Spokane Valley, Washington 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, Spokane Valley, Washington 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 Spokane Valley, Washington look at several 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 Spokane Valley, Washington Property Tax Attorney Can Help.

Spokane Valley, Washington's property tax system is somewhat intricate. 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 truly have. Conversely, a homeowner might believe that the value of their property was appraised inaccurately, resulting in a higher tax bill.

If you run into any issue with your Spokane Valley, Washington property taxes, failing to handle it properly can result in anything from unnecessary inconvenience to considerable fines and tax penalties. However, with the help of a Spokane Valley, Washington tax attorney, your chances of running into a property tax problem can be minimized.