It isn't their property as pertaining to the USA. It is the property of the people, and as such it is typically put to private auction by a voter referendum.
If a goverment privatizes a utility, it means it doesn't have to pay for the facilities, and then it can tax the private company. But it no longer has control on how it's run.
When governments calculate the value of real property, it is known as assessment. That assessment is utilize to calculate the taxable amount on a particular property.
Property(Kaylop)
privatize
Real property is governed by state laws. Both state and federal governments have the power to take real property by eminent domain.Real property is governed by state laws. Both state and federal governments have the power to take real property by eminent domain.Real property is governed by state laws. Both state and federal governments have the power to take real property by eminent domain.Real property is governed by state laws. Both state and federal governments have the power to take real property by eminent domain.
To privatize an industry mean to transfer ownership of something from the government to the private sector, or to the public, which increases competition.
It is easiest for local governments to assess property.
County Governments
ure ugly
private property, or property that is held by individuals or groups rather than by the federal, state, or local governments.
It is so important because it is what creates the governments revenue.
privatize