What Do Property Taxes Pay For?

What Do Property Taxes Pay For?

County property taxes, or any other tax for that matter, while unpopular, are an essential source of revenue to county and/or state governments. County property taxes help pay for essential community services. Each taxing authority, whether local or state, continually strives to update its county property tax appraisal ratios based on current market values. Their objective is to maintain tax equalization on residential and commercial property located within their taxing jurisdictions. Most county governments are dependent on county property taxes for their income. Accordingly, the property taxes that are levied can and do vary a great deal from county government to county government. Perhaps, paying county property taxes is unpopular, because we feel we...

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