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  2. Property tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_tax_in_the_United...

    Values may change over time, and many states require taxing jurisdictions to redetermine values every three or four years. The value of property is often determined based on current use of the property, rather than potential uses. [25] Property values are determined at a particular valuation date for each jurisdiction, which varies widely.

  3. Maryland homeowners are bracing for shocking property tax ...

    www.aol.com/finance/maryland-homeowners-bracing...

    According to the SDAT, the average residential property increased in value by 25.6%, while commercial properties rose 17.6% over the three years since the last assessment.

  4. Special assessment tax - Wikipedia

    en.wikipedia.org/wiki/Special_assessment_tax

    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.

  5. Tax assessment - Wikipedia

    en.wikipedia.org/wiki/Tax_assessment

    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.

  6. Baltimore area property assessments set to climb 12% on ... - AOL

    www.aol.com/news/baltimore-area-property...

    Residential and commercial property values in Maryland will climb 12% on average next year, state officials said Tuesday, meaning higher property tax bills for many in what will be the fourth ...

  7. Land value tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Land_value_tax_in_the...

    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 ...

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