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The Montgomery County, Maryland Department of Housing and Community Affairs Commission on Common Ownership Communities also favored the law, calling reserve studies critical to avoiding emergencies for community associations and a "little financial pain" which leads to "lower costs" in future, noting that special assessments or projects will ...
The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax.
The Cuyahoga County Land Reutilization Corporation, commonly known as the Cuyahoga Land Bank, is a quasi-governmental non-profit corporation established in Ohio in 2009. It was established to respond to the effects of the United States housing bubble in Cleveland and surrounding Cuyahoga County, where the housing bubble had a particularly strong impact.
The property tax most citizens are aware of is known as an ad valorem tax. This tax is used to fund general or day-to-day government operations. An ad valorem tax is commonly levied on both real and personal property. A property tax is based upon a property's market value.
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The Cuyahoga Metropolitan Housing Authority (CMHA) is a governmental organization responsible for the ownership and management of low-income housing property in Cuyahoga County, Ohio. The organization was founded in 1933, making it the first housing authority in the United States.