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Time and manner of payment of property taxes varies widely. [55] Property taxes in many jurisdictions are due in a single payment by January 1. Many jurisdictions provide for payment in multiple installments. [56] In some jurisdictions, the first installment payment is based on prior year tax.
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The unemployment rate in Clayton County was 3.4% as of November 2019. Future job growth over the next ten years was predicted to be at 29.90%. Clayton County's sales tax rate is 8.00%. The income tax is 6.00%. Clayton County's income and salaries per capita is $18,735, which includes all adults and children. The median household income is $39,699.
School and other authorities are often separately governed, and impose separate taxes. Property tax is generally imposed only on realty, though some jurisdictions tax some forms of business property. Property tax rules and rates vary widely with annual median rates ranging from 0.2% to 1.9% of a property's value depending on the state. [9]
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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 ...