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is real estate tax the same as property tax

1Answers
Phyllis
11/28/2025, 06:48:31 AM

Real estate taxes, often called property taxes, are local taxes based on a property's assessed value. Levied by city, county, or state governments, these taxes generate revenue to support public services such as schools, police and fire protection, libraries, and local infrastructure projects. They are a primary source of funding for maintaining and improving the community.

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