Property Tax Lawyers in Greendale
Laws of Greendale, 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 Greendale, 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 Greendale, Wisconsin
Normally, Greendale, 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, Greendale, 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 Greendale, 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 Greendale, Wisconsin Property Tax Attorney Can Help.
Greendale, Wisconsin's property tax system is somewhat difficult. 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 one of these contentions affects you and your property in Greendale, Wisconsin, you should make every effort to correctly handle it. This can keep small issues from growing into large ones. The best way to do this is to seek the advice of a seasoned Greendale, Wisconsin tax attorney who concentrates in property tax law.