I know you pay on cars and homes and farms, etc, when you purchase them. But which states, only charge this as a one time fee? This may sound like a silly ? but I just am curious.
2006-12-10 11:01:59 · 4 answers · asked by just julie 6 in Business & Finance ➔ Taxes ➔ United States
All states have property taxes and it's the number one source of money for local governments. Cities, townships, counties, school districts, and any other jurisdiction has the right to initiate property taxes. The states only plays one role in the property tax process, and it's to specify a maximum rate on the market value of a property as the legal standard for local assessors to follow. Local assessors than determine the value that will be taxed. In some states, low income residents who can prove low income status can qualify for a property tax break. Forty states provide property tax credits or homestead exemptions that limit the value of assessed property subject to property taxes. In addition, all 50 states have tax relief programs that can help lock in the assessed value of property once you reach a certain age, or if a homeowner moves or dies. In the end, the taxes have to be made. Some counties and municipalities have their own property tax relief plans.
The lowest property taxes per capita per year are in the following states: Arkansas, Alabama, Kentucky, New Mexico, and Oklahoma.
The highest property taxes per capita per year are in the following states: New Jersey, Connecticut, New York, and Rhode Island.
2006-12-10 12:18:25 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I don't know of any.
As the previous answerer pointed out, property taxes can be levied by county/parish governments, regional authorities, school districts, etc. Even if there isn't a state property tax, there are likely to be local property taxes.
Property taxes are popular because the cost of collection is low, and they don't vary due to economic recessions.
2006-12-10 11:13:21 · answer #2 · answered by geek49203 6 · 1⤊ 0⤋
right here in Illinois we've a cellular homestead Privilege Tax that we pay each year in accordance to sq. photos and age of cellular homestead. We pay it to the county's supervisor of checks place of work. that is in case you very own your person cellular homestead and in simple terms hire the lot from a landlord or cellular homestead park proprietor. The park proprietor then will pay his or her supplies taxes on the land, yet many of the lot hire might or will contain costs for the landlord to recoup that supplies tax.
2016-12-13 06:27:35 · answer #3 · answered by ? 4 · 0⤊ 0⤋
The truth is property tax is a county issue.
2006-12-10 11:09:47 · answer #4 · answered by Jessica M 4 · 1⤊ 0⤋