Property Tax Lawyers in New London

Laws of New London, Wisconsin 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.

Property taxes in New London, 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 (usually 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 New London, Wisconsin

Most often, property taxes in New London, Wisconsin are simply a set percentage of the property's value. Across the country, state authorities impose a wide range of different 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 in a fair and consistent manner, New London, Wisconsin tax authorities need to have an objective formula for determining the value of land under its jurisdiction.

In many ways, the value of a piece of land is relative. After all, many people ascribe sentimental value to their homes, which goes well beyond its market value. To ensure that the system is fair, the government uses only objective standards to determine value.

To that end, the New London, Wisconsin employees in charge of appraising land look at objective facts to determine value, like the size of the land and any buildings on it, the way in which the land may legally be used (zoning), and the health of the local real estate market.

How A New London, Wisconsin Property Tax Attorney Can Help.

New London, Wisconsin's property tax system is somewhat convoluted. 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 you are immersed in a property tax dispute with the tax authorities of New London, Wisconsin, you should seek the help of a New London, 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.