Real Estate Taxes

Real estate taxes, often called property taxes, are fees that property owners must pay based on the value of their property. Local governments, such as counties or municipalities, assess properties to determine their market value, which is then used to calculate the tax amount. These taxes help fund public services like schools, roads, and emergency services. The rate can vary widely depending on the location and the specific needs of the community. Property taxes are typically paid annually or semi-annually and can impact the overall cost of owning real estate.