Tag: property taxes

Whether you own a vacant lot, single-family home or a commercial building, you likely will pay property taxes. These types of taxes have been collected in the U.S. since early colonial days, and they are not going away. In the words of Benjamin Franklin…”Nothing is certain but death and taxes.” Here’s some information to help you better understand property taxes. What are Property Taxes? A property tax is a tax that is imposed by a local government entity, like a county, city or town, on the value of property in its jurisdiction. Unlike income or inheritance taxes that are connected to…

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