Property taxes vary from state to state in the US. Most property taxes are paid on a quarterly basis, or through mortgaging or loan management, where an escrow account holds property tax funds. Reading a property tax bill presents difficulty whenever the variables contained in it change. This can signal an escrow shortage or a larger tax deficit, requiring out of pocket funding when a shortfall occurs. Property taxes are levied to all owners of property whether commercial, residential, industrial or zoned special purpose.
The local municipalities generally collect property taxes which are then submitted to the state, within whose jurisdiction the property is located. The states then returns specified revenues for education, infrastructure and other local needs. Usually, the state determines the amount of revenues returned to local municipalities for these purposes. Owners of property have little recourse in cases where properties are unfairly singled out as "wealthy", or in the opposite situation "blighted" and in danger of reclamation by eminent domain. Proving these types of accusations as incorrect can sometimes be a very complicated process and can require expert assistance to defend property rights.
In order to first determine whether property taxes have been levied inequitably or unfairly, it's necessary to review the property tax bill submitted by the local tax office. This needs to be followed up by a review of taxes in similar municipalities, to become more acquainted with how property taxes have been levied. Trying to formulate an unfair property tax model is time consuming. Usually, most people suffer frustrating loss of valuable time and effort, only to find they are woefully lacking in sufficient knowledge of up-to-date tax laws. That's where a tax consultant can be most useful. Property tax consultants from Paradigm Tax Group maintain state-of-the-art knowledge of property tax laws and can help determine unfair property taxes.
Why pay unfair property taxes when a property tax consultant from Paradigm Tax Group can help reduce exorbitant levies? Property tax experts not only help reduce unfair property taxes, but also help manage such tax levies for their clients. As a regular part of our business operation, our property tax consultants offer timely and effective assistance, by acting as an advocate for our clients with federal, state and local tax collection agencies. Being experienced property tax consultants Paradigm Tax Group can interface and assist our clients whenever a property tax issue requires expert or in-depth knowledge regarding a particular tax issue.
Paradigm Tax Group prides itself on offering clients excellent service as well as cost-effective consulting. From tax reviews to resolution of tax assessment and taxation issues, Paradigm Tax Group, with its 30+ nationwide offices, provides clients with the highest standards of professionalism. Paradigm Tax Group is resolution-oriented, owing to its proactive approach to client property tax problems. Paradigm Tax Group has been a leader among property tax consultants. This is one of a number of reasons Paradigm clients emerge with a sense of confidence and reassurance that their property tax issues as well as tax management needs are in good hands.