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What type of tax is figured at a percentage of the value that an assessor places on property or personal possession?

The type of tax that is figured at a percentage of the value that an assessor places on property or personal possession is called a property tax. Property taxes are typically levied on a yearly basis and are used to fund public services such as schools libraries police and fire departments and other local government services. Property taxes are usually calculated by multiplying the taxable value of the property by the applicable tax rate. Property taxes are typically collected by a local government or school district. Property taxes are typically levied on a yearly basis. Property taxes are used to fund public services such as schools libraries police and fire departments and other local government services. Property taxes are usually calculated by multiplying the taxable value of the property by the applicable tax rate. Property taxes are typically collected by a local government or school district.Property taxes are a form of revenue for local governments and school districts and are usually based on the value of the property being taxed. Property tax rates can vary widely from one locality to another so it is important to research the applicable tax rate before purchasing a property.


What does the abbreviation tr mean on property tax?

The abbreviation "TR" on property tax statements typically stands for "Tax Rate." It indicates the rate at which property is taxed based on its assessed value. This rate is crucial for determining the total amount of property tax owed by the property owner.


What is the sales tax rate for Montgomery County Ohio?

7 %


What is the sales tax rate in Lucas County Ohio?

Current rate is 6.75%. Wood County is 6.50%.


What is the rate of depreciation on property?

The rate of depreciation on property varies based on several factors, including the type of property, its age, location, and condition. For residential properties in the U.S., the standard depreciation rate is typically set at 27.5 years for tax purposes, equating to an annual depreciation rate of about 3.64%. Commercial properties are depreciated over 39 years, resulting in a rate of about 2.56% annually. However, actual depreciation can differ based on market conditions and specific property characteristics.

Related Questions

What is the local tax rate for solon Ohio?

Solon, Ohio has a city income tax rate of two percent. Property tax for property costing approximately $100,00 is currently two thousand dollars.


What is the sales tax rate for cincinnati ohio?

6.5% at the time of this post. 'Sources and related links' below has the current rate.


How to convert a yearly interest rate to a monthly interest rate?

To convert a yearly interest rate to a monthly interest rate, divide the yearly rate by 12. This will give you the equivalent monthly interest rate.


What is the current yearly interest rate for a month for the rate of 0.6?

The current yearly rate comes out to be 7.2 percent.


What are some commercial property lenders in Cleveland Ohio?

Some commercial property lenders in Cleveland, Ohio include CommercialBanc and Lender 411. For a comparison on interest rates available on commercial loans you could visit the websites Bank Rate.


What is the pay rate for experieced welder in NJ?

What is the yearly wage of a welder? What is the yearly wage of a welder? What is the yearly wage of a welder?


does wallstreet journal charge a prime rate?

The Wall Street Journal does not charge a prime rate. The rate is the same whether you pay monthly or yearly. The yearly rate is $119 or you can break it into 12 payments of $9.92.


What is yearly rate of inerest on a charge card?

Annual Percentage Rate (APR)


Does Wall street Journal charge a prime rate?

The Wall Street Journal does not charge a prime rate. The rate is the same whether you pay monthly or yearly. The yearly rate is $119 or you can break it into 12 payments of $9.92.


What of these describes annual percentage rate?

A measure of the cost of credit expressed as a yearly interest rate A+


What is the graduate rate of the state Ohio?

The graduation rate of the state of Ohio is 77 people per school year


What is the sales tax rate for Lake county Ohio?

i bleive the tax in Ohio is 5.5 percent.