Property Tax

Property Tax is a tax assessed on real-estate by the Government. The tax is usually based on the value of the exact property you own. This tax is principally used by municipalities for repairing highways, building schools in addition to snow removal, or maybe other similar companies. A property tax is a levy on property that this owner is necessary to pay. The tax is levied by the governing authority in the jurisdiction in which the property is located; it may be paid to national government, federated state, some sort of county or geographical region, or municipality.