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is real estate taxes the same as property taxes

1Answers
McDaniela
11/28/2025, 06:48:29 AM

Real estate taxes, commonly known as property taxes, are based on the assessed value of a property and collected by local governments. These taxes fund vital community services such as schools, police and fire protection, libraries, and the maintenance of roads and other public infrastructure. They are a key mechanism for supporting and sustaining public services at the local level.

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