Property tax assessments hit the mailboxes and the news this month and given such extraordinary (10 – 20 percent) increases, many people are fearful about what this will mean for their property tax bill. And rightfully so. Property taxes often
Without some curbs, property taxes can become unaffordable.
At one time, states relied heavily on property taxes as a source of revenue. Local property taxes are largely used to fund police departments, emergency services, road maintenance, and other services mainly associated with property ownership or residency. While states’
Property taxes were due on March 31, so for many people, property taxes may be top of mind right now. It’s always a good idea to turn the bill over and look at which local governments receive what share of
This is the time of year when local governments finalize their budgets for the coming year (starting July 1). One of the first things people look at is what’s happening with the property tax rate. Often a city will proudly