Property Tax Lawyers in Kenosha
Laws of Kenosha, 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 Kenosha, Wisconsin are calculated 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. Typically, property tax is imposed by state, county, and municipal governments.
How Property Tax is Calculated in Kenosha, Wisconsin
Most often, property taxes in Kenosha, Wisconsin are simply a set percentage of the property's value. Across the country, state authorities impose a wide range of various tax rates. The highest rates in the country are in the area of 5% of the property's value, and the lowest are less than 1%.
To collect the property tax, the authorities of Kenosha, Wisconsin have to first decide the value of a particular piece of land.
In some ways, value is a subjective thing. For instance, 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 deciding how much a piece of real property is worth.
To this end, the Kenosha, Wisconsin appraiser will look at things like the state of the real estate market, the size of the land, the existence of additions to the land such as buildings, and the way in which the property is zoned.
How A Kenosha, Wisconsin Property Tax Attorney Can Help.
The system of levying property taxes in Kenosha, Wisconsin can get very perplexing. Disagreements about property taxes, between the taxpayer and the tax authorities, can come up in several different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Also, the state or city government might allege that you have failed to pay your property taxes, while you believe that you have.
If you are involved in a property tax dispute with the tax authorities of Kenosha, Wisconsin, you should seek the advice of a Kenosha, Wisconsin tax attorney. Your attorney can help you prevent a small tax problem from turning into something much bigger and more expensive than it needs to be.