When my husband I decided to start a business, we didn't think about the legal aspects of doing so. We didn't realize that purchasing business insurance, getting building permits and making investments all required some type of legal advice. But after speaking to a close friend, who also happens to own a small business, we contacted a business attorney. Now, we have the legal smarts to make the best decisions for our business, as well as the legal representation in case something happens to our company. I hope that you find my blog helpful and informative for your own business. It's a great resource for finding the legal advice, resources and guidance you need to get your company up and running.
A real estate tax attorney has experience in the area of taxes that apply to both business and real estate property. Often a property owner will find themselves in a situation where a problem will occur over taxes that relate to their property. In most of these situations, you need the assistance of a real estate tax lawyer for the best possible solution. The following are among the most important examples of these situations.
There is a dispute over a property appraisal
Before you are taxed on your property, there must be an estimated value placed on it, but this appraisal can be inaccurate. One example of this is when your property tax is billed based upon an appraisal from last year, but there has been a sharp downturn in the real estate market. The current value of your property is far less than you are being billed for. The laws regarding a remedy to this situation are not always as straightforward as having a new appraisal done. You need to consult with a tax attorney with experience in this area.
You owe back property tax
You can lose your home if you don't pay your property tax. However, it can take time for the process to complete. It may take even more time if you continue to pay part of your bill but not all of it. In this situation, you begin to fall hopelessly behind. Before the government can take your house from you, you need to contact an attorney. They can often negotiate a resolution that allows you to pay your taxes and stay in your home. However, the longer you wait to contact an attorney, the more difficult a resolution becomes.
You are contacted by tax authorities
There can be any number of reasons that you get a letter from the tax board over property taxes. Perhaps you are being told you owe additional money on a bill you thought you paid in full. Or maybe, you have property that went to your spouse in a divorce that you are told you owe property tax on. There are many possible reasons that the county or state government claims you owe money when you believe you don't. It is important to not reply to the tax authority, but instead, take the letter to a tax attorney. Give them whatever information you have. The attorney will advise you of your options.
There are many reasons to hire a real estate tax attorney. You may owe back taxes, or you may be over billed because of a high appraisal. You may even be contacted out of the blue by a tax authority, but whatever the situation, you need to consult with an attorney that has experience in the area of real estate taxes.