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what is property tax levied

1Answers
VonAdelyn
11/28/2025, 06:44:17 AM

Property tax is a levy, or fee, that is charged by local governments on real estate and sometimes personal property. The process involves local officials, called assessors, determining the taxable value of properties. That value is then multiplied by a tax rate set by local authorities to determine the amount the owner owes.

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