Real Property Tax

Real Property Tax is a local tax levied on the value of real estate, such as land and buildings, owned by individuals or entities. It is assessed annually by local government authorities, based on the property's fair market value. The income generated from this tax funds community services like schools, roads, and public safety. The amount owed depends on the property's assessed value and the local tax rate. Property owners are responsible for paying this tax regularly to maintain their ownership rights and contribute to the community's infrastructure and services.