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A property legally described by a metes and bounds description may still be assigned a Tax Identification Number based on a separate Lot and Block system. In this case, a survey of all parcels in the county or municipality would be combined to create a separate Block and Lot system to identify the properties for taxation purposes.
Property tax is assessed by the Lincoln County Assessor annually based upon the fair market value of the property and determining which tax rate, commonly called a millage in Arkansas, will apply. The rate depends upon the property's location with respect to city limits, school district, and special tax increment financing (TIF) districts.
Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due.
Pittsburgh used the two-rate system from 1913 to 2001 [21] when a countywide property reassessment led to a drastic increase in assessed land values during 2001 after years of underassessment, and the system was abandoned in favor of the traditional single-rate property tax. The tax on land in Pittsburgh was about 5.77 times the tax on ...
Lincoln County is a county located in the U.S. state of Nebraska. As of the 2020 census, the population was 34,676. [2] Its county seat is North Platte. [3] Despite the county's name, the state capital city of Lincoln is not in or near Lincoln County. Lincoln County is one of the three counties in the North Platte Micropolitan Statistical Area.
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Lincoln County is a county located in the U.S. state of Wisconsin.As of the 2020 census, the population was 28,415. [1] Its county seat is Merrill. [2] The county was created in 1875 [3] and named after President Abraham Lincoln. [4]