Wheeling, West Virginia Property Tax Law
Laws of Wheeling, West Virginia 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 Wheeling, West Virginia 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.
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 Wheeling, West Virginia
Normally, Wheeling, West Virginia property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they usually run from less than 1% up to about 5%.
In order to impose this tax, the government of Wheeling, West Virginia first has to determine the taxable value of a piece of property.
Value is subjective in many respects. The home that you grew up in is probably worth more to you than its going market rate. Therefore, to ensure that property taxes are fair and uniform, tax collectors have to use purely objective factors when appraising property.
Thus, the people in charge of appraising the value of property in Wheeling, West Virginia have to consider only objective, factual criteria when calculating the value of a piece of land. These criteria include the state of the real estate market, the zoning of the land (which determines how it can be used), and any improvements that have been made to the land, among other things.
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How A Wheeling, West Virginia Property Tax Attorney Can Help.
The system of levying property taxes in Wheeling, West Virginia can get fairly difficult. Disputes about property taxes, between the taxpayer and the tax authorities, can come up in many different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Furthermore, the state or city government might allege that you have failed to pay your property taxes, while you believe that you have.
If one of these contentions affects you and your property in Wheeling, West Virginia, you should make every effort to properly handle it. This can prevent small issues from growing into large ones. The best way to do this is to seek the advice of a brilliant Wheeling, West Virginia tax attorney who specializes in property tax law.