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Local government budgets rely primarily on what kind of taxes?
Property Taxes
What level of government collects property taxes?
Usually your local county or parish tax office collects the property taxes for the area that you owe the taxes in.
How much are property taxes for condos?
A local realtor can answer your question.
How to obtain dollar amount of property taxes for commercial property for the year 2007?
You will need to visit your local county courthouse to get the property taxes paid for commercial property from the year 2007.
Are property taxes owed to the state from the owner when a property is foreclosed?
Property taxes are paid to local governments like counties, not states. If a property is sold at foreclosure auction, usually the county property taxes are paid first out of any proceeds from the sale.
How is property tax used?
Property taxes are imposed by state and local governments. The proceeds are used according to state and local law.
Will I be able to deduct a portion of my local property taxes from my NY state income tax?
No. However, you can deduct property taxes from your federal tax liability.
What is the best source of information on property taxes?
The most accessible source of information on property taxes is the local treasurer's office. It will have not ony a schedule of taxes, but also valuations of different properties.
What is the main source for of revenue for local government?
Local taxes like sales tax and real estate taxe, and permit fees.
What are the main sources of state revenue and how do they differ from the main sources of local revenue?
The main sources of state revenue typically include income taxes, sales taxes, and other forms of state taxes, as well as federal grants. Local revenue, on the other hand, is primarily generated through property taxes, fees for services, and local sales taxes. States often have broader revenue-raising authority compared to local governments.
What type of tax is figured at a percentage of the value that an assessor places on property or personal possession?
The type of tax that is figured at a percentage of the value that an assessor places on property or personal possession is called a property tax. Property taxes are typically levied on a yearly basis and are used to fund public services such as schools libraries police and fire departments and other local government services. Property taxes are usually calculated by multiplying the taxable value of the property by the applicable tax rate. Property taxes are typically collected by a local government or school district. Property taxes are typically levied on a yearly basis. Property taxes are used to fund public services such as schools libraries police and fire departments and other local government services. Property taxes are usually calculated by multiplying the taxable value of the property by the applicable tax rate. Property taxes are typically collected by a local government or school district.Property taxes are a form of revenue for local governments and school districts and are usually based on the value of the property being taxed. Property tax rates can vary widely from one locality to another so it is important to research the applicable tax rate before purchasing a property.
Do you pay higher taxes on your house depending on your occupation?
Not normally the property taxes (real estate tax) is usually based on a percentage amount of the local assessed value of the property.
