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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.
How can I obtain a senior discount on my property taxes?
To obtain a senior discount on your property taxes, you typically need to meet certain age requirements set by your local government. Contact your local tax assessor's office to inquire about eligibility criteria and the application process for senior discounts on property taxes.
How can I lower property taxes in Illinois?
To lower property taxes in Illinois, you can appeal your property assessment, apply for any available exemptions, and get involved in local government to advocate for tax reform.
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.
