Property Tax Assessment

Property tax assessment is the process by which local governments evaluate the value of a property to determine how much tax the owner must pay. This assessment considers various factors, such as the property's size, location, condition, and market trends. After determining the property's assessed value, a tax rate is applied, and the resulting amount is the property tax owed. Assessments are typically conducted periodically, and property owners can appeal their assessments if they believe the value is too high. This funding helps support local services like schools, roads, and public safety.