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Property taxes are normally used to fund the services in the area, such as police, fire department, roads (and plowing them!) and local library. Some portion of the taxes are used to fund the school system. If you are getting it for free, it is normally being paid for through property taxes.

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Q: What does property tax pay for?
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Related questions

Is property tax direct or indirect tax?

A property tax (or millage tax) is levied on the value of property, an ad valorem tax that the owner is required to pay. It is a direct tax.


Do you have to pay tax on a property if your covering the mortgage payments from the income?

Yes, we have to pay tax on it


What if you can't pay your property tax?

If you can't pay your property tax, eventually your home would be taken for payment of back taxes.


Do Amish Pay property tax?

no. the Amish do not pay taxes.


When renting do you pay property tax?

It depends...


Does Florida pay property tax?

Resident property owner do pay property taxes to the state of Florida each year.


Who pay tax on income property?

The owner of the property pays the tax on the income generated by the property. This is known as the "fruit of the tree doctrine."


If you inherit a house do you pay income taxes on it?

No, you pay inheritance tax and, ultimately, property tax as the owner.


How to qualify fir a loan with a property tax lien ny state?

The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.


How does one appeal property taxes?

One can appeal property taxes at the end of every year. A tax bill is sent at every year to pay property tax from the government. It is your responsibility to pay these taxes.


Do business owners have to pay a tax on rental property?

Property taxes are generally the responsibility of the owner. They are paid for by the owner from the rent he or she receives. If the business owns a property and rents it to others, they must pay tax, but if the business rents the property, they do not.


If you do not pay your property tax and they foreclose do you have to pay for youe house?

No. Banks will pay the property tax before they foreclose to make sure the government does not place a lien on the house; thus, not allowing them to take ownership.