Friday, August 18, 2023 / by Fahad Karamat
The Vintage Roots: What are Property Taxes?
Just as a wine derives its taste from its grape, soil, and barrel, property taxes are derived from your home's value and the community's needs. Property taxes are levies imposed by local governments on homeowners, contributing to services like public schools, parks, and road maintenance. It's the price tag for the luxury of living in a premier locale.
The Terroir: How Are They Calculated?
1. Assessed Value:
- This is the local assessor's estimation of your property's worth. Think of it as the sommelier's assessment of a vintage – is it Grand Cru or table wine?
2. Mill Levy:
- Different lo. ...