Is property tax a fair tax?

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It does not seem unreasonable that people who own property should contribute toward municipal expenses. Of course, we can still question exactly how much tax is an appropriate level, or what kinds of municipal spending is appropriate, and whether we should have a more inclusive tax instead, that taxes everyone equally whether they own property or not. All political issues (much like religious issues) are endlessly debatable and are endlessly debated.
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Can you refinance with a tax lien on your property?

With help from a qualified CPA or Attorney it is possible to get the lien lifted in order to refinance or sell. However this is a process you should get help with to accomplish.

What is the difference between the flat tax and the fair tax?

The flat tax keeps keeps the current payroll taxes in place, but it taxes everyone the same rate. The FairTax replaces all federal income and payroll taxes with a 23% inclusive consumption tax on all new goods and services. It includes a monthly prebate on spending up to the poverty level. This tax ( Full Answer )

What are average property taxes on an apartment?

When you rent an apartment the property taxes that are imposed onthe property is billed to the owner of the property. The tax may bepart of the total that you pay for rent.

Why do governments charge property tax?

Like any other tax, property tax is a way to raise money to run the government and provide services to the public. Like income taxes, it ensures that the rich, who own more property and who have property in more expensive locations, will pay more. The poor, who own little property, and who own it ( Full Answer )

What is the Latin word for property tax?

The latin translation for property is rés mancipi bona if the property is belongings or praediúm res if the property is an estate or res familiaris if it is private property.

What is Property taxes and income taxes are direct taxes?

type of taxes , when/how is this applied, how to calculate this. Property taxes are taxes imposed by the cities in your state, income tax is imposed by the Internal revenue Service, where the amount is cintigent upon your income

Where can you get property tax relief or help from?

First try city hall assessor's or city clerk's office, or the website of the state you live in, which is generally www. Name Of State. com" like,, Ususally the revenue or tax section of the site will give you the names and numbers of those in office who will ( Full Answer )

Are property taxes discharged with bankruptcy?

Property taxes are not in your records so you dont have to worry about them, if your home goes to foreclosure and bank that owns the house will have to pay those taxes if thy want to sell the home in the future, property taxes will be in the house records not yours. ans . The above is one opinion. ( Full Answer )

What is a government tax foreclosure property?

It is property "seized" by the government for non-payment of taxes or in satisfaction of a tax lien. It can either be converted to government use or sold at auction to raise revenue.

Foreclosure and property tax?

In the case of foreclosure AND unpaid property taxes - the government gets first claim for the unpaid tax bill. Then the creditor gets what's left.. OK the taxes has gone to a lawyer and is not in forclosure yet how long do I have before I have to get out.. You should (ought to) receive a 'Notice ( Full Answer )

Definition of property tax?

A propertytax (or millage tax ) is a levy on property thatthe owner is required to pay. The tax is levied by thegoverning authority of the jurisdiction in which the property is located; it may be paid to a nationalgovernment, a federated state, a county or geographical region, ora municipali ( Full Answer )

Do you pay property tax in Oregon?

Yes, you pay property taxes in Oregon. Although, due to measure 50, you pay on the assessed value of the home, not necessarily the RMV. Measure 50 was passed in May 1997, to balance out tax increases due to rising property values. This measure made it so that they could only increase the assessed ( Full Answer )

Charged Property tax and sales tax?

Anyone's opinion on the fact that Gov. Scott Walker wants to raise sales tax in order to pay for the loss of revenue in lowering property taxes?

How to find tax lien property?

There are programs and books with state-by-state guides on where to find tax lien properties and sales. Visit the link below for the website, Tax Sale/Lien Reviews, to learn about these helpful resources.

What is real property tax?

A real propert tax is a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county/geographical region, or a municipality Multiple jurisdic ( Full Answer )

What is the purpose of property tax?

Property taxes fund city government, pay salaries of city employees, fund all the municipal services the city must provide such as police, firefighters, trash collection, snow plowing, and community outreach programs. Property taxes provide funds for maintenance, repair and improvement of roads, bui ( Full Answer )

Is sales tax in California fair?

Personally i think not and is going up i can t eve buy a pair of heals with out paying $20.00 dollars of tax. its so unfair honestly were does it go to? well that's my point of view.

How do you calculate California property tax?

Its all based on the city and county you live in. Contact the assessors office in your city and they will tell you exactly. You can reduce your tax assessed if your property value dropped in recent years. Do not over pay!

What type of tax is this property tax on your house?

It's county property tax assessed based on the home's value sometimes called a "mill rate". You can find this information by calling your county tax assessor or looking it up online at your county assessor's web page.

What makes a tax fair?

a tax is fair is the persons who is being taxed have representitves in Parliament.

Can a property with a tax lien be sold?

Yes, the title company that issues tolved in anything to do with that house & property have beeen pfoaid) the lien against the property will keep a seller from selling it with "Clear title " however the seller could sell it for a lesser amount i.e there is a 5K lien on it so the seller sels it to a ( Full Answer )

How to pay property taxes?

Hand deliver check, cash, money order and etc what ever your local tax property office will accept as a payment and give you a receipt for or you could mail the payment to the correct mailing address.

Are property taxes the same as city taxes?

They can be if the city is an independent taxing authority as they are in Virginia. State tax laws vary on property taxing authorities and taxing districts. A recent property tax bill or a call to your local tax assessor or tax collector can clarify what taxing authorities levy property taxes on a s ( Full Answer )

Do you get a property tax break if on disability?

It depends on the tax laws in the state where your property is located. Many states in the United States have property tax abatement, deferral, and exemption programs for disabled persons and senior citizens that qualify for tax relief programs. In the State of Virginia, for example, you must be per ( Full Answer )

Do companies pay property taxes?

Under the property tax systems used in the United States, all companies pay real and personal property taxes unless they are expressly exempt from taxation by state tax laws. Property assessment and property tax abatement, deferrals, and exemptions vary by state in the United States. Some states pro ( Full Answer )

What is fair about taxes?

It helps the government get out of debt a little bit if you live in California. It can help the war in the middle east. It can help your community build new buildings and pay for new schools and new roads.

Where do you find property taxes?

You can find property tax information from your local tax assessor, treasurer or auditor. Some tax authorities publish property tax and assessment records online.

Is property tax direct or indirect tax?

A property tax (or millage tax) is levied on the value of property, an ad valorem tax that the owner is required to pay. It is a direct tax.

Do you have to pay property tax on a trailer?

Yes, in most states in the United States you will pay either a personal property tax or real property tax on a trailer (also known as mobile home or manufactured home). Each state defines what constitutes personal property or real property as the terms relate to mobile homes but typically a mobile h ( Full Answer )

What is a property tax sale auction?

Cities and Counties use property tax sales to collect delinquent property taxes. About 4% of property taxes are delinquent each year and this is the method the taxing authorities use to collect the taxes. There are two types of sales, tax lien sales, where they sell a lien on the property to an inve ( Full Answer )

What are appeal property taxes?

Appeal property taxes is the act of arguing that your property is not worth nearly as much as it is made out to be. The higher the value of your property, the more taxes you will pay, which is why some people appeal this value estimate.

How do you Save My Property Tax in Michigan?

If you own a property and if you feel that your property is overtaxed. Then the best way is property tax appeal. You can even hire a Property tax lawyer who can help you to reduce your property taxes.

Do they charge property tax on Gocart?

Yes, Simply because almost everything now a days is taxed, school things, pets, homes, cars, food, toys etc. Its just the governments way of making more and more money each day. .

What is the local property tax based on?

In the United States and Canada the local property tax is based on the estimated value of the property being assessed. It is often called an "ad valorem tax", which is a Latin term meaning according to value. Local assessors are charged the responsibility of inventorying and estimating the value of ( Full Answer )

Can you request to lower the property tax?

While you can't lower your property tax directly , every taxing district in the U.S. and Canada has a property tax appeal process where the assessed value may be lowered. A lower assessment means a lower tax bill. Mathematically the assessed value is multiplied by the tax rate set by the taxing dis ( Full Answer )

Why were taxes not fair?

Both poor and rich had the same taxes, and the poor were getting more poor.

Do veterans pay property taxes?

In most states in the United States veterans are required to pay property taxes, unless they qualify as a permanently disabled veteran. Some stated allow for the late payment of real estate taxes for active service in the armed forces (for example in Iraq) or returning troops. Ask your local assesso ( Full Answer )

What is the purpose for sales tax income tax and property tax?

Taxes in general are levied to pay for operations of the government. Some taxes are "earmarked" for certain purposes, gas taxes for transportation programs, etc. The power to tax is one of government's major ways to generate the revenue it needs to operate.

Can you get your property tax back if you retire?

Retirement doesn't qualify you for a property tax abatement, but your age may. Some state in the United States, but not all, have tax relief programs for senior citizens. They typically have an age requirement (say 65 and over) and the tax savings may depend on your household income and assets. Ask ( Full Answer )

How do you buy a tax lien property?

Visit your local tax assessor's office and inquire there. They should have a listing of tax title properties and may have an auction scheduled. Visit your local tax assessor's office and inquire there. They should have a listing of tax title properties and may have an auction scheduled. Visit your ( Full Answer )

How much are Cleveland property taxes?

Property taxes in all states depend on the size of the property and its location. In Ohio homes have property taxes in the 1.5 - 2.5 % range of the purchase price. Ohio also has city wage taxes generally in the 2% to 3% range.

How is property tax calculated in France?

In France, tax is assessed on the net wealth according to a progressive rate from 0.55% to 1.8%. The French government estimates the value of the annual rent the property could generate, and then charges the owner 20%, whether or not is it actually rented.

Do financial assets are taxed as property?

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Why do we pay property taxes?

It is a tax levied on ownership of property by the government. Itprovides income to the government.

What is property tax?

Property taxes are taxes on the value of owned property. Sometimes they are classified as either specific or ad. PropertySpecific taxes are of a fixed amount based on a number, or standardof weight or measurement. Ad property taxes are based on a fixedproportion of the value of the property with re ( Full Answer )