Property Tax Lawyers in Green Bay
Laws of Green Bay, Wisconsin require all property owners to pay a tax on the value of their property. Property taxes exclusively apply to real property (as opposed to personal property). This encompasses land, buildings, and assets that are permanently or semi-permanently fixed to the land.
Property taxes in Green Bay, Wisconsin are determined as a percentage of the appraised value of the property. Property taxes are paid to the state or local government at regular (generally yearly) intervals.
In general, the federal government does not impose any property tax. Usually, property tax is imposed by state, county, and municipal governments.
How Property Tax is Calculated in Green Bay, Wisconsin
Normally, Green Bay, Wisconsin property taxes are decided as a percentage of the property's value. Tax rates differentiate widely, but they usually run from less than 1% up to about 5%.
To collect the property tax in a fair and consistent manner, Green Bay, Wisconsin tax authorities need to have an objective formula for deciding the value of land under its jurisdiction.
Value, in some ways, is not an objective thing. For instance, your childhood home is likely worth much more to you than its simple market value. Nonetheless, the tax authorities use only objective factors in calculating a home's taxable value.
With that in mind, the land appraisers in Green Bay, Wisconsin look at different 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 Green Bay, Wisconsin Property Tax Attorney Can Help.
The property tax system in Green Bay, Wisconsin can get pretty difficult. There are numerous reasons why you might run into a legal dispute regarding your property tax. For instance, 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 Green Bay, Wisconsin property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the advice of a qualified tax attorney in Green Bay, Wisconsin, however, the odds of encountering such a problem will be small.