Property taxes are a necessary part of owning a property and they help fund important local services such as schools, police and fire departments, parks, and other community infrastructure. As a property owner, it is important to be aware of your Property Tax Assessment, as this document determines the assessed value of your property and how much you will be required to pay in property taxes.
The assessed value is determined by your local government and is based on several factors such as the location, size, and condition of your property. Typically, a Property Tax Assessment is conducted every year or every few years, depending on your location. The assessed value is used to calculate the amount of property tax you owe, which is usually a percentage of the assessed value.
It is important to review your Property Tax Assessment when you receive it and to make sure that all the information is correct. If you notice any errors or discrepancies, you should contact your local tax assessor’s office immediately to have them corrected.