2006-12-17 11:22:09 · 7 answers · asked by starlove2 6 in Business & Finance ➔ Taxes ➔ United States
does the gov't tax you on your property (i.e. house) or just any company property u own?
Do they tax you every year like income taxes?
2006-12-17 11:31:27 · update #1
It is a percent of the value of real estate that is collected by the county. It is used to run schools and parks, etc.
2006-12-17 11:27:55 · answer #1 · answered by Barkley Hound 7 · 0⤊ 0⤋
Property taxes are officially called Ad Valorem taxes. There are property taxes on Real Estate and on Personal Property. In Texas, for many years, Personal Property taxes were assessed on Automobiles, but often the County Tax Collector made little or no effort to collect it. Now only cars owned by businesses are usually taxed. There is an 'intangibles' tax on some things, I seem to recall that it was generally on oil companies who had leases and production in the County. http://wwwtaxman.blogspot.com
2006-12-17 20:42:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Taxes placed upon any real estate property which you may own, either fully, or in partnership with another, by the city or town in which the property is located. It is usually predicated upon the value per thousand dollars of the property. Generally the evaluation is only about eighty percent of the real value of the property.
2006-12-17 19:28:37 · answer #3 · answered by Beau R 7 · 0⤊ 0⤋
Property Tax is tax an ad valorem tax. it is based on value. There are two catagories: those on realty (land, buildings) and those on personalty (other than land and buildings). Property tax is collected every year, and usually evaluated every couple of years. If you have a morgage it is probably part of your escrow payment.
2006-12-17 22:35:35 · answer #4 · answered by jen 2 · 0⤊ 0⤋
Taxes assessed by the county in which you live based on your home and the land its on.
In general, property taxes go to things like schools, public libraries, police& fire, etc.
2006-12-17 19:30:06 · answer #5 · answered by Jen 2 · 0⤊ 0⤋
Property taxes is taxes that you pay on anything you own - includes cars, motorcycles, trucks, rv's, mobile homes, homes, land, etc - and yes you are required to pay every year on these items!@~
2006-12-22 12:25:55 · answer #6 · answered by nswblue 6 · 0⤊ 0⤋
the government taxes you on both homes and business property.
2006-12-22 22:10:33 · answer #7 · answered by Zelinka H 1 · 0⤊ 0⤋