Search result for property tax

Property tax is a tax assessed on real estate. The tax is usually based on the value of the property (including the land) a person owns and is often assessed by local or municipal governments. ...

Homeowners are often confused between real estate tax, property tax, and personal property tax. In case you are willing to buy a property, you should have a detailed understanding of these three types of taxes. To make things simple, here is a simple explanation of these three terms.