FAQ Post - Property Rating And Property Taxation
Question: What is Property Tax?
Answer:
Property tax is levied against the assessed value or against income generated from the property rather than against an individual or legal entity. It is an annual charge on ownership or occupation of property and is used to provide community services such as refuse disposal, provision, and maintenance of markets, maternity homes, and parks.
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Time Posted: Sep 16 2021, 5:28 am
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