property taxes

Property taxes are charges levied by local governments based on the value of your property—such as your home or land. The amount you pay depends on an assessed value determined by the government, multiplied by a tax rate established by local authorities. These taxes fund community services like schools, roads, police, and fire departments. Property taxes are typically paid annually or semi-annually, and the amount can vary based on location and property value. They are an essential revenue source for local governments to maintain and improve community infrastructure and services.