The first question that should cross your mind when you first meet us is who are they? We know that in order to place all your trust in us and vice versa, a transparent relationship must be established between both parties so that any doubts are dispelled from the beginning.
Property taxes are the largest source of state and local revenue in the country and help fund schools, roads, and other community services and projects. It is worth mentioning that the property tax can vary greatly depending on the state you are in.
Who calculates it?
The property tax is calculated by the local administration where the property is located and is paid by the owner of the property. To calculate the tax, it is usually based on the value of the property, including the land on which it is located. It is a tax assessor who calculates the market value of all the properties in his jurisdiction, depending on the state and municipality where the property is located, that is why when buying a property, it is important that you carefully examine the applicable tax legislation.
How is it calculated and paid?
This is determined by multiplying the tax rate by the current market value of the properties in question. The municipality where the properties are located should have a tax assessor who can assess them. It is usually recalculated annually by the tax authorities.
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