Property taxes are invaluable to local governments and provide a good portion of their overall revenues. As such, it is valuable to learn more about them as they are often misunderstood. First, research property tax in your state: Who assesses property? What valuation standard is used? In what cycles are properties assessed? What classification system is used? What methods of property-tax relief are used for those in need? Then discuss why property tax is often the most-disliked tax. What are some reasons people seem to dislike it more than other taxes?
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